Departments

Senate Tax Bill Measure Preserves LIHTC, Private Activity Bonds

November 30, 2017    

Since the publication of the Insider’s Special Issue detailing the House of Representatives’ tax reform bill, the House passed its version of tax reform legislation, the Tax Cuts and...

House Passes Flood Reform Act Legislation

November 30, 2017    

The U.S. House of Representatives recently passed legislation to renew and reform the National Flood Insurance Program (NFIP). The NFIP’s authorization is set to expire on Dec. 9. During debate on the House floor, several Republicans expressed concerned that the bill would impose steep...

Fannie Mae and Freddie Mac to Reenter the LIHTC Market

November 30, 2017    

The Federal Housing Finance Agency (FHFA) recently announced that Fannie Mae and Freddie Mac, the government-sponsored enterprises (GSEs), will be allowed limited re-entry into the LIHTC market as equity investors, effective immediately.

The GSEs have been absent from the LIHTC market...

Research Links LIHTC Program to Improved Health Outcomes

November 30, 2017    

Evidence is building that housing affordability, the neighborhood’s environment, and conditions within the home are all important determinants of health, according to an op-ed published in the Economist Group’s Roll Call publication by Anand Parekh, M.D., chief medical adviser at the...

Study Says House Tax Plan Negatively Impacts Affordable Housing in NY

November 13, 2017    

The Tax Cuts and Jobs Act (H.R. 1), which proposes the elimination of Private Activity Bonds, would cost the State of New York $4.5 billion in affordable housing investment annually, and 17,000 fewer affordable units would be built each year, according to an impact analysis recently released by...

California Treasurer Highlights House Tax Plan’s Devastating Impact on Low-Income Housing

November 13, 2017    

In a letter sent to the California Congressional delegation, California State Treasurer John Chiang urged the delegation to preserve funding for LIHTC and the Private Activity Bond programs. He pointed out the vital role these programs play in building and preserving affordable housing...

Clarification on Exception to the Student Rule

October 30, 2017    

Q The October issue of the Insider stated that a full-time student household doesn’t violate the student rule if “the household consists of a single parent with a dependent child (or children), and neither the parent nor...

Verifying Full-Time or Part-Time Statuses of International Students

October 30, 2017    

Q How do I verify student status of an international student who attends school full time but receives zero credits? Schools generally confirm student status by the number of credit hours taken, so it is possible that the college may verify a...

Social Security Administration Announces COLA Increase

October 30, 2017    

On Oct. 13, the Social Security Administration (SSA) announced the Cost-of-Living Adjustment (COLA) for 2018. The monthly Social Security and Supplemental Security Income (SSI) benefits for more than 66 million Americans will increase 2.0 percent in 2018. The 2.0 percent COLA will begin with...

DOJ Announces Initiative to Combat Sexual Harassment in Housing

October 30, 2017    

The Department of Justice (DOJ) recently announced a new initiative to combat sexual harassment in housing. The initiative specifically seeks to increase the DOJ’s efforts to protect women from harassment by landlords, property managers, maintenance workers, security guards, and other...

IRS Publishes 2018 Housing Credit and Bond Caps, Unused Credits Announcement

October 30, 2017    

The IRS recently published Revenue Procedure 2017-58. It announced the 2018 inflation-adjusted amounts for the low-income housing tax credit and private activity bond caps. The state LIHTC ceiling in 2018 will be the greater of $2.40 multiplied by the state population or $2,765,000, which is an...

HUD Secretary Carson Testifies on HUD Budget, LIHTC as a Resource

October 30, 2017    

HUD Secretary Ben Carson recently testified before the House Financial Services Committee in a hearing titled “The Future of Housing in America: Oversight of the Department of Housing and Urban Development.” The hearing’s intent was to discuss current HUD activities and...