General News
HAND Launches Housing Indicator Tool 2.0
The Housing Association of Nonprofit Developers (HAND) launched its Housing Indicator Tool (HIT) to track local efforts to produce affordable housing in the Washington Region.
Massachusetts Governor Signs Supplemental Budget with $100 Million for Emergency Rental Assistance
On April 1, Governor Charlie Baker (R) signed a supplemental state budget for FY2022 that provides $100 million in additional funding for emergency rental assistance through the RAFT program.
New York Enacts $25 Billion Housing Plan
Governor Kathy Hochul (D) and the Legislature reached an agreement last week on the FY2023 Budget, which includes a new $25B, five-year statewide affordable housing plan, some funding for NYCHA, and much-needed aid to renters still facing the financial instability brought by the COVID-19 pandemic.
FHLBank of Chicago Hosts APH Update Webinar – April 21
The Illinois Housing Council and the Federal Home Loan Bank of Chicago will host a webinar on April 21 at 2 p.m. CT to share the latest changes to the Bank’s Affordable Housing Program.
Fannie Mae Hosts EHC Initiative Expansion into Texas and North Carolina Webinar – April 14
Fannie Mae announced the Expanded Housing Choice (EHC) initiative, which aims to increase the acceptance of HUD’s Housing Choice Vouchers (HCVs), at properties in Texas and North Carolina.
Florida Housing Revises 2022 QAP and Cost Certification, Non-Competitive Application Packages
In response to public comment received during and subsequent to the recent rule development workshops, Florida Housing revised sub-paragraph 67-21.014(2)(r)6., paragraph 67-21.026(12)(e) and paragraph 67-48.0072(17)(f), F.A.C., to read as follows: Ensure that no construction or inspection work is performed by the General Contractor, with the following exceptions: (i) the General Contractor may perform its duties […]
West Virginia Governor Signs Bills Eliminating State HTC Caps, Creating Middle-Income Housing Tax Exemption and Middle-Income Tax Credit
West Virginia Governor Jim Justice (R) signed legislation that eliminates the transaction cap and the annual statewide cap for the State Historic Tax Credit (HTC).
Michigan Adopts Procedures for State HTC Certifications
The Michigan Strategic Fund has adopted procedures for taxpayers to request certain certifications to receive the State Historic Tax Credit (HTC).
FHLBank Pittsburgh Announces Affordable Housing Resources Available in 2022
The Federal Home Loan Bank of Pittsburgh’s Affordable Housing Program (AHP) will open June 28, with approximately $7 million available.
CHP Releases 2022 California Affordable Housing Needs Report
Key findings from the California Housing Partnership’s annual Affordable Housing Needs Report include:
Indiana Enacts State LIHTC
Indiana Governor Eric Holcomb (R) signed into law an omnibus tax law that creates a State LIHTC for fiscal years after June 30, 2023. S.B. 382 creates an Indiana LIHTC available to recipients of Federal four percent LIHTCs that can be taken over five years and carried forward up to nine years. The Indiana credit will be for up to 100 percent of the federal credits issued to the property.
New Jersey’s Proposed Budget Includes $300 Million for Affordable Housing
Governor Phil Murphy (D) released New Jersey’s proposed budget, which includes $300 million in American Rescue Plan Act funds for the Affordable Housing Production Fund to create 3,300 new affordable homes.