General News

UnitedHealthcare has partnered with the Louisiana Housing Corporation (LHC) and the Louisiana Department of Health to support important initiatives aimed at reducing homelessness throughout the state.

New York City’s Department of City Planning recently released Zoning for Coastal Flood Resiliency, a set of recommendations that would improve upon and make permanent existing temporary zoning rules that were adopted on an emergency basis after Hurricane Sandy.

HUD’s Housing Notice 2019-07 provides incentives for multi-family property owners to invest in Opportunity Zones across the nation. Applicants to FHA’s Section 221(d)(4), Section 220 and Section 223(f) will be eligible for significantly lower application fees provided the property is located within an Opportunity Zone.

The Tidwell Group welcomed Justin Heberling as its newest partner in the firm’s Birmingham, AL office. The Tidwell Group also announced Joel T. McDowell, CPA as the Firm’s Birmingham Office Managing Partner. 

Novogradac updated its Rent & Income Limit Calculator© with HUD’s FY 2019 rent and income limit data. Using the HUD-published data, the Novogradac Rent & Income Limit Calculator© will calculate low-income housing tax credit (LIHTC) rent and income limits for every county and every metropolitan statistical area in the US.

On April 27, the Colorado State Senate passed HB19-1228 to Increase Tax Credit Allocation for Affordable Housing on a 32-2-1 vote. The bill will now advance to Governor Jared Polis (D) for his signature.

Southwest Minnesota celebrated the effective end of chronic homelessness and Lexington, KY celebrated the effective end of veteran homelessness! In 2017, the Southwest Minnesota Continuum of Care celebrated the end of veteran homelessness and is now one of only four communities to end both veteran and chronic homelessness.

This blog from Glenn A. Graff, Dan Klaff, Eric Mittereder and Ben Swartzendruber with Applegate & Thorne-Thomsen highlights some of the questions addressed by the second set of OZ regulations.

Forrest David Milder with Nixon Peabody released this alert on the second round of Opportunity Zone Guidance released by the Department of the Treasury.

Fannie Mae and research firm Penn Schoen Berland (PSB) released survey data that found most Americans are struggling to find affordable housing near their job, better schools, childcare and job opportunities.

The National Council of State Housing Agencies sent a letter to the Department of the Treasury and IRS urging them to expedite guidance to HUD on how it should establish income limits for the 20, 30, 40, 70, and 80 percent of area median income (AMI) levels necessary for Housing Credit projects that elect to use the average income test for their minimum set-asides.

The Colorado Senate Finance Committee passed HB19-1228, Increase Tax Credit Allocation Affordable Housing, on a unanimous 7-0 vote.