Online Alerts

Online Alerts



How to Attend Public Hearing on Average Income Test Proposed Rule

February 24, 2021    

The IRS recently posted a notice of public hearing in the Federal Register. On March 24, the IRS will hold a public hearing on the proposed regulations setting forth guidance on the implementation of the average income test.

NEF Announces $1B in 2020 Affordable Housing Investments

February 24, 2021    

National Equity Fund, Inc. (NEF) recently announced that it made more affordable housing investments in 2020 than at any time in its 33-year history. National Equity Fund, Inc., based in Chicago, is a nonprofit affordable housing investor and one of the nation's largest syndicators of...

CDC: No Resubmission of Declaration Needed for Eviction Moratorium

February 10, 2021    

On Jan. 29, 2021, the Centers for Disease Control and Prevention (CDC) officially issued an order extending the eviction moratorium to March 31, 2021. The order continues to ban evictions for certain renters under Section 361 of the Public Health Service Act (42 U.S.C. §264) and 42 CFR...

Treasury Releases List of Emergency Rental Assistance Grantees

February 10, 2021    

The Department of the Treasury recently released a list of state and local governments that will receive grants through the Emergency Rental Assistance (ERA) program. The Treasury Department had launched the ERA program, making available $25 billion to assist households that are unable to pay...

President Biden Issues Fair Housing, Disparate Impact Memos

January 27, 2021    

On Jan. 26, President Biden signed several new executive orders addressing racial equity, including a memorandum that directs HUD to mitigate racial bias in housing and advance fair housing laws. Biden said in a press conference, “We need to make equity and justice part of what we do every...

Freddie Mac Reaches $1.5B in LIHTC Equity Investments

January 27, 2021    

Freddie Mac recently announced it has provided $1.5 billion in LIHTC equity investments since reentering the market in 2018. In addition to reaching a volume milestone, the program has topped the 100 investments mark. The investments in low-income housing span underserved communities in 25...

New Congress Offers Chance to Advance Affordable Housing Initiatives

January 13, 2021    

Since Senators-elect Reverend Raphael Warnock and Jon Ossoff won the Jan. 5 Georgia run-off elections, the Senate will be evenly divided between 50 Republicans and 50 Democrats. Vice President-elect Kamala Harris will decide the outcome of any tied votes through her role as President of the...

LIHTC’s Role in Rural ‘Persistent Poverty Counties’

January 13, 2021    

Freddie Mac recently published a paper exploring the multifamily housing market in rural Persistent Poverty Counties with a special focus on the primary means by which the federal government supports the development of affordable housing nationwide -- the Low-Income Housing Tax Credit program....

Report Highlights Ongoing Housing Instability Among Renters

January 13, 2021    

Urban Institute recently issued a survey and report entitled “The Looming Eviction Cliff: Findings from the Urban Institute Coronavirus Tracking Survey.” The data from this report come from the second wave of Urban Institute’s Coronavirus Tracking Survey, administered between...

Yellen Nominated to Head Treasury Department

December 9, 2020    

President-elect Joe Biden has named Janet Yellen as his nominee for Secretary of the Treasury. Yellen was the chairwoman of the Federal Reserve from 2014 to 2018, and she would be the 78th Treasury Secretary and first woman to hold the position if confirmed by the U.S. Senate. The Treasury...

Report: COVID Eviction-Related Costs Will Top $60B

December 9, 2020    

The Innovation for Justice (i4J) Program at the University of Arizona and the National Low Income Housing Coalition (NLIHC) recently released a research report entitled, “Costs of Covid-19 Evictions.” It highlights some of the public costs of eviction-related homelessness that the...

IRS, Treasury Propose Average Income Test Regs

November 11, 2020    

On Oct. 29, the IRS published for public comment a notice of proposed rulemaking on the Housing Credit Average Income Test minimum set-aside.