Online Alerts

Online Alerts

Decline in Veteran Homelessness Biggest in 5 Years

November 10, 2022    

HUD, the U.S. Department of Veterans Affairs (VA), and the U.S. Interagency Council on Homelessness (USICH) recently announced preliminary results of the 2022 Point-in-Time (PIT) Count showing an 11 percent decline in veteran homelessness since early 2020, the last time a full count was...

D.C. Real Estate Firms to Pay Landmark Civil Penalty for Voucher Discrimination

October 26, 2022    

Washington, D.C., Attorney General Karl Racine recently announced a settlement requiring three real estate firms and its executives to pay a landmark $10 million in penalties for illegally discriminating against renters in the District who use Section 8 housing vouchers and other forms of...

Report Calls for Improving Property-Level LIHTC Data

October 12, 2022    

The National Low Income Housing Coalition and the Public and Affordable Housing Research Corporation recently released a joint report highlighting the need to improve both the...

HUD Announces More Than 19,000 New Housing Choice Vouchers

September 28, 2022    

HUD recently announced the awarding of more than 19,000 new Housing Choice Vouchers to almost 2,000 Public Housing Agencies (PHAs) across the country. This will be the most expansive allocation of flexible new rental assistance in 20 years.

OIRA Reviewing Average Income Test Regs

September 15, 2022    

The U.S. Office of Management and Budget’s Office of Information and Regulatory Affairs (OIRA) recently received for review from the U.S. Treasury Department final regulations concerning the “average income test” under Section 42(g) for purposes of the low-income housing credit...

Treasury Announces New Steps to Increase Affordable Housing Supply

August 17, 2022    

The U.S. Treasury Department recently announced new guidance to increase the ability of state, local, and tribal governments to use American Rescue Plan (ARP) funds to boost the supply of affordable housing in their communities.

The context: The updated Treasury guidance...

How Affordable Do Sites Remain After Exiting LIHTC?

July 19, 2022    

LIHTC sites that exit the LIHTC program often remain more affordable than conventional market rate properties that were never subsidized, even if they are not resyndicated, according to recently published research by Freddie Mac Multifamily. The research fulfills commitments under Freddie Mac...

Updated Fannie, Freddie Plans Include More LIHTC Investment

May 11, 2022    

The Federal Housing Finance Agency (FHFA) recently published Fannie Mae’s and Freddie Mac’s Underserved Market Plans for 2022–2024. The plans outline how each firm intends to meet its...

Housing Groups Raise Concerns about Global Minimum Tax

April 27, 2022    

A group of 30 national housing organizations recently sent a letter to Treasury Secretary Janet Yellen to protect the LIHTC and other key financing tools from the potential effects of a global corporate minimum tax on large multinational corporations.

President's Budget Proposes Increased LIHTCs, New Programs

April 13, 2022    

The Biden administration recently submitted to Congress the President's budget request for fiscal year (FY) 2023. As part of the request, the budget proposes additional LIHTCs to help increase housing supply and help to stabilize housing prices over the long term.

IRS Publishes Population Figures Used to Calculate 2022 LIHTCs

March 23, 2022    

The IRS recently published Notice 2022-12, which provides the resident population figures needed to determine the 2021 population-based component of the Low-Income Housing Tax Credit (LIHTC) ceiling. The notice reveals that from 2021...

Lowest-Income Renters Received 80% of Delivered ERA Funds

March 9, 2022    

The Treasury Department recently released quarterly data on the use of funds in the Emergency Rental Assistance (ERA) programs in calendar year 2021. The data shows the program's success in reaching households most in need given the challenges of implementing a brand-new program that...