Online Alerts

Coalition Encourages Affordable Housing Investments in President Trump’s Infrastructure Proposal

February 7, 2018    

According to media reports, the White House is expected to release President Trump’s infrastructure proposal soon. The proposal includes guiding principles for a $1.5 trillion infrastructure package. During President Trump’s State of the Union address, he called on streamlining the...

Op-Ed Highlights Threats to Affordable Housing Production

February 7, 2018    

A recent op-ed by The New York Times editorial board highlighted the significant threats to affordable housing production following the adoption of last year’s tax reform legislation. The Tax Cuts and Jobs Act reduced the top corporate tax rate from 35 to 21 percent, which has reduced...

Fannie Mae Announces Investment in LIHTC

February 7, 2018    

Back in November, both Fannie Mae and Freddie Mac announced they are now re-entering the Low Income Housing Tax Credit market, the federal program that encourages investment of equity into affordable rental housing. Following this news, Fannie Mae recently announced it will invest $100 million...

Insider's Pop Quiz!

February 7, 2018    

Legislative LIHTC Advocates Announce Retirement

January 18, 2018    

Senator Orrin Hatch, the longest-serving Republican senator, recently announced that he will not seek reelection in November. Last year, Senator Hatch and Senator Maria Cantwell of Washington re-introduced the bipartisan Affordable Housing Tax Credit Improvement Act of 2017. The bill amends the...

California Approves Low-Income, Multifamily Solar Program

January 18, 2018    

The California Public Utilities Commission (CPUC) recently approved the creation of the Solar on Multifamily Affordable Housing (SOMAH) program. Funded by the statewide greenhouse gas cap-and-trade program, it will provide $100 million in annual solar installation incentives for the owners of...

Report Looks at Severity of Rent Burden on Low-Income Families

January 18, 2018    

An article by Jeff Larrimore and Jenny Schuetz recently published by the Federal Reserve, Assessing the Severity of Rent Burden on Low-Income Families, found that housing costs are a severe financial burden to many low-income families and that households that have little income left...

House Approves Motion to Reconcile Tax Cuts and Jobs Act Versions

December 6, 2017    

The House recently approved a motion to go to conference to reconcile differences between the House and Senate versions of the Tax Cuts and Jobs Act and announced the members who will serve on the House conference committee. At this time, the Senate has not yet voted to go to conference, but it...

Analysis Looks at Annual Cost of Natural Disasters

December 6, 2017    

A recent blog post by Kermit Baker and Alexander Hermann of the Joint Center for Housing Studies of Harvard University looked at losses from natural disasters over the last 12 years. They found that the total cost of the natural disasters that occurred in 2017, including Hurricanes Harvey, Irma...

Senator’s Tax Bill Amendment Targets LIHTCs for Artists

December 6, 2017    

An amendment to the Senate tax bill added by Senator Pat Roberts, the Republican senior senator from Kansas, would strike artists’ housing from the list of qualified groups who can benefit from federally subsidized low-income housing. It would forbid developers from LIHTCS to build...

House Members Introduce Access to Affordable Housing Act, an LIHTC Expansion Bill

November 9, 2017    

A group of lawmakers from Washington state recently introduced legislation to increase the LIHTC by 50 percent, which could result in as many as 400,000 more affordable housing units over 10 years. Congresswoman Suzan DelBene introduced the bill along with cosponsors Reps. Adam Smith and Pramila...

Report Shows Decline in Supply of Affordable Housing for Low-Income Renters

November 9, 2017    

According to a recent report from Freddie Mac, the number of available affordable multifamily units has fallen alarmingly over the last six years. A combination of rising rents and stagnant household income is exacerbating the problem, and it could get worse yet if action isn’t taken to...