Jessica Hoefer Author Archives

Last week, the Senate Banking, Housing, and Urban Affairs Committee held a hearing titled “Building Consensus to Address Housing Challenges” that covered a wide range of housing industry issues that make housing unaffordable, including LIHTC, zoning and land use regulation, Housing First strategies to ending homelessness, flood insurance and mortgage fees.

Arkansas Gov. Sarah Huckabee Sanders signed two bills into law on April 13 that will extend the state’s Historic Rehabilitation Tax Credit for five years and change the tax credit percentage depending on locale.

NH&RA sent a letter to the state offices responsible for administering Weatherization Assistance Program (WAP) funding encouraging them to devote a portion to multifamily affordable housing.

New Jersey Housing and Mortgage Finance Agency announced proposed amendments (repeal and new rule) to the collective rulemaking of the LIHTC Qualified Allocation Plan (QAP).

Rep. Adam Schiff (D-CA) unveiled legislation that would create an interagency council, like the current U.S. Interagency Council on Homelessness (USICH), to analyze and strengthen affordable housing in the U.S.

Oregon Housing and Community Services (OHCS) is merging the 2023 Veterans Notice of Funding Availability (NOFA) and Small Projects NOFA into a single NOFA offering.

Susan Rice and Erika Poethig with the White House’s Domestic Policy Council (DPC) are both stepping down.

The West Virginia Housing Development Fund (WVHDF) announced the availability of approximately $20 million of ERA2 funds for affordable housing production and preservation in conjunction with the LIHTC Program.

HUD announced two plans last week, one centered on Potential Changes to Regulation Requiring Accessibility and Prohibiting Discrimination on the Basis of Disability in HUD-Assisted Programs the other on Removing Unnecessary Barriers to Housing for People with Criminal Records.

After a four-year process that survived setbacks of the pandemic, rising construction costs and rising interest rates, Hunt Capital Partners, in collaboration with Intervest Corporation (Intervest), announced the closing of $13.3 million in Federal LIHTC and Federal Historic Tax Credit equity financing, as well as $2.5 million in Mississippi HTC equity financing for Carnation Village.

In a new blog post, Brad Elphick and Peter Lawrence with Novogradac explain the recently released Organization of Economic Cooperation Development (OECD) guidance on the Global Minimum Tax (GMT).

KeyBank announced that it secured $67 million for an affordable senior housing property in Portland, OR.