Online Alerts

Online Alerts

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...

Senators Introduce Bipartisan VAWA Reauthorization Bill

February 24, 2022    

Senators Dianne Feinstein (D-CA), Joni Ernst (R-IA), Dick Durbin (D-IL), and Lisa Murkowski (R-AK) have introduced the Violence Against Women Reauthorization Act. The bill would reauthorize VAWA through 2027. The House passed its VAWA reauthorization bill, HR1620, in 2021.

Report: How Renters Met Household Needs During Pandemic

February 10, 2022    

To keep up with housing payments during the pandemic, renters have had to tap a wide range of financial resources, reports Harvard University’s Joint Center for Housing Studies (JCHS)  in “Making the Rent: Household Spending Strategies During the COVID-19 Pandemic.” The...

Congress Seeks Answers on Deadly Philadelphia and Bronx Fires

January 26, 2022    

In early January, a tragic rowhouse fire broke out and killed 12 people, including nine children. The rowhouse was one of the Philadelphia Housing Authority’s “scattered site” properties. These are units throughout the city that are owned and managed by the authority but are...

Treasury Redistributes Emergency Rental Assistance Money

January 12, 2022    

November 2021 was a record-breaking month for providing Emergency Rental Assistance (ERA) assistance, according to a recent announcement from the Treasury Department. State and local governments provided assistance to approximately 665,000 renters and owners. And the $2.9 billion in ERA...

ERA Program Surpasses 2.5M Payments, Unused Funds to Be Reallocated

December 9, 2021    

The Treasury Department recently released new federal emergency rental assistance (ERA) data. The data shows that several large states and cities have exhausted their ERA allocations. Also, according to the latest data, states and local governments distributed more than $2.8 billion in ERA funds...