Online Alerts

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...

Sen. Kaine Co-Sponsors Affordable Housing Credit Improvement Act of 2017

November 9, 2017    

U.S. Senator Tim Kaine recently announced that he is joining his colleagues Senator Maria Cantwell (D-WA) and Senate Finance Committee Chairman Orrin Hatch (R-UT) to co-sponsor the Affordable Housing Credit Improvement Act of 2017, a bill that would boost affordable housing options for low-...

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...