Online Alerts

Vacant LIHTC Units Nationwide May Be Offered to Displaced Disaster Victims

October 11, 2017    

The IRS recently announced that it has provided temporary relief from certain requirements of the Internal Revenue Code to allow owners and operators of LIHTC sites located anywhere in the United States and its possessions to provide temporary emergency housing to individuals who are displaced...

Study Shows Share of Rent-Burdened Households Declining, Affordability Challenges Remain

October 11, 2017    

A recent report by the NYU Furman Center entitled “2017 National Rental Housing Landscape: Renting in the Nation’s Largest Metros” examined rental housing trends from 2006 to 2015 in the 53 metropolitan areas with populations over one million in 2015, with a particular focus on...

Recent Disasters Put Spotlight on LIHTC Program for Recovery Efforts

October 11, 2017    

Hurricanes Harvey, Irma, and Jose have added pressure on Congress to assist in the recovery efforts of the affected areas. And industry experts have pointed out the effectiveness of the LIHTC program to direct private capital into affected areas.

Congressmen Reintroduce National Disaster Tax Relief Act

September 20, 2017    

Reps. Tom Reed (R-N.Y.) and Bill Pascrell Jr. (D-N.J.) have reintroduced the National Disaster Tax Relief Act, first introduced as H.R. 3110 in 2015. The bill would provide relief for disasters from 2012 to 2015 and make certain provisions permanent. When Reed and Pascrell introduced it in July...

HUD Releases 2018 Qualified Census Tract & Difficult Development Area Designations

September 20, 2017    

HUD recently published a notice designating the 2018 Qualified Census Tracts (QCTs) and Difficult Development Areas (DDAs) for the Low Income Housing Tax Credit (LIHTC) program. Qualified Census Tracts are those areas where either: (1) 50 percent or more of the households have incomes below 60...

Reports Show Rising Income, Housing Subsidies Lift 3.1 Million Out of Poverty

September 20, 2017    

The U.S. Census Bureau recently released two annual reports on income and poverty. The first report, entitled “Income and Poverty in the United States: 2016,” presents data on income, earnings, income inequality, and poverty in the United States based on information collected in the...

Congresswoman Introduces Smoke-Free LIHTC Bill

August 9, 2017    

Congresswoman Vicky Hartzler (R-MO) recently introduced the Smoke Free Affordable Housing Act (HR3322) to encourage subsidized housing developers to maintain a healthy environment for residents while protecting the subsidized property from expensive smoking-related remediation costs. According...

Senate Finance Committee Holds Affordable Housing Hearing

August 9, 2017    

On Aug. 1, 2017, the Senate Finance Committee held a hearing on “America’s Affordable Housing Crisis: Challenges and Solutions.” Committee members from both sides of the aisle acknowledged the need for more affordable housing and the role of LIHTCs as our nation’s primary...

GAO Auditor Testifies to Lack of Oversight for LIHTC Program

August 9, 2017    

Testifying before the Senate Finance Committee, Daniel Garcia-Diaz, a director of financial markets and community investment with the Government Accountability Office (GAO), referring to the LIHTC program, said, "IRS and no one else in the federal government really has an idea of what's...

Study Finds LIHTC Housing Promotes Racial and Income Diversity

July 13, 2017    

Two Stanford economists recently conducted a study that looks into the ramifications of a bill Congress is preparing concerning affordable housing. The bill would no longer require state agencies to notify local officials when siting a proposed housing development, leaving the officials with no...

U.S. Mayors Resolve to Prioritize Affordable Housing

July 13, 2017    

The U.S Conference of Mayors (USCM) is making affordable housing and community development key priorities in its policy agenda. The USCM is the official non-partisan organization of cities with populations of 30,000 or more, with each city represented by its mayor. At the organization’s...

Report Finds Housing Discrimination against Same-Sex Couples and Transgender Individuals

July 13, 2017    

A recent report by the Urban Institute, titled A Paired-Testing Pilot Study of Housing Discrimination against Same-Sex Couples and Transgender Individuals, finds that transgender individuals and male homosexual couples face discrimination from housing providers. The report is the first...