A recent report by the Affordable Housing Tax Credit Coalition (AHTCC) highlights the substantial cost savings that LIHTC-financed sites provide to low-income tenants. By quantifying the rent savings provided to tenants, the report emphasizes the value of the LIHTC program in addressing the...
The IRS will allocate $3.8 million in unused federal low-income housing tax credits (LIHTCs) as a carryover to 29 states [Revenue Procedure 2024-41]. Last year’s carryover allocation was $11.4 million in two parts. The first was in October 2023 and second one in April 2024.
Legislation focuses on access to groceries and teacher housing.
Two bills recently were introduced in the Texas Legislature seeking to influence how LIHTCs are allocated and used in the state. These two measures, one introduced in the Texas House of...
On Oct. 22, the Internal Revenue Service announced an increase in the LIHTC and private-activity bond volume caps for 2025. The announced changes represent a milestone in the effort to bolster affordable housing financing across the country. Both the 9 percent LIHTC multiplier and the private...
A new state law broadens the CTCAC regs to include all LIHTC developments.
California Governor Gavin Newsom recently signed a bill (AB846) into law that will limit rent increases for tenants in LIHTC sites across California. This legislation is the latest effort in...
HUD has issued Notice H 2024-09 delaying HOTMA for Multifamily Housing programs. The previous deadline to come into compliance that came from the most recent version of HUD Notice H 2023-10 was Jan. 1, 2025. Now, the new...
HUD is required by law to set Fair Market Rents (FMRs) every year. In general, the FMR for an area is the amount that a tenant would need to pay the gross rent (rent plus utilities) of privately owned, decent, and safe rental housing of a...
2025 DDAs and QCTs are effective for LIHTC allocations made after Dec. 31, 2024.
HUD recently published a notice in the Federal Register establishing 2025 difficult development areas (DDAs) and qualified census tracts (QCTs) for purposes of the low-income housing tax...
In the last issue, we highlighted a letter concerning rising insurance costs from a broad coalition of housing providers to members of Congress and the Biden administration. The letter highlighted the fact that as of the fourth quarter 2023, U.S. property insurance rates have increased for 25...
More state and local programs are being designed to address middle-income housing.
As a result of state legislation passed in May 2024, Colorado is creating a pilot program to help spur the development of rental housing for middle-income families. The legislation defines...
The Joint Center for Housing Studies of Harvard University recently released the latest version of its annual report, The State of the Nation’s Housing 2024. The report finds that housing costs continue to...
