The Affordable Housing Investors Council (AHIC) has published updated Underwriting Guidelines for its members. The Guidelines are designed to be used as an outline for an underwriting process and for investment documents for proprietary, multi-investor, and direct investments in low-income housing tax credits (LIHTC). They examine how to analyze the financial strength and expertise of […]
Freddie Mac announced today it has closed its first Low-Income Housing Tax Credit (LIHTC) Fund with Enterprise Community Investment, Inc. and its first equity investment within that fund.
The Metro Mayors Coalition’s Regional Housing Task Force have announced an ambitious new goal to add 185,000 new housing units to the Boston metro region by 2030.
The Federal Housing Finance Agency (FHFA) is requesting public input on Fannie Mae and Freddie Mac’s (the Enterprises) proposed modifications to their 2018-2020 Underserved Markets Plans (Plans) under the Duty to Serve (DTS) program.
Former Arizona Department of Housing (ADOH) staff member Dirk Swift has been named Executive Director of the Arizona Finance Authority (AFA). The AFA is a one-stop shop for financing, supporting businesses and communities’ infrastructure needs. Several bodies authorized to issue bonds are located within the AFA, including the Arizona Industrial Development Authority (AzIDA), Water Infrastructure […]
There are many reasons why the Low Income Housing Tax Credit (LIHTC) and the Historic Tax Credit (HTC) have endured politically and produced or preserved so many affordable units and historic structures.
The Family Self-Sufficiency program was re-authorized on May 24, 2018 as part of the Economic Growth, Regulatory Relief, and Consumer Protection Act.
On September 19, 2018 USDA Rural Development Administrator Joel Baxley issued an Unnumbered Letter to provide guidance to State Rural Development Directors on reallocating Rental Assistance (RA) units currently held in the Administrator’s reserve back to the State in which the units originated and allow States to use RA when properties are paid in full henceforth.
On September 24, Energy Efficiency for All (EEFA), published “Making Affordable Multifamily Housing More Energy Efficient: A Guide to Healthier Upgrade Materials.”
On September 26 California Governor Jerry Brown (D-CA), signed into law Assembly Bill 2162, a measure that would fast-track housing for the homeless by bypassing some of the local approval hurdles.
Fannie Mae announced today a new Call for Ideas on Healthy Affordable Housing. The application period is open from September 26, 2018 through November 1, 2018.
The Harvard Joint Center for Housing Studies has published the new working paper “Measuring Housing Affordability: Assessing the 30 Percent of Income Standard.”