General News

On September 14, 2018, the President declared Hurricane Florence a major disaster. As of September 17, 2018, the Federal Emergency Management Agency (FEMA) designated eight North Carolina counties as major disaster areas. Review the list of eligible counties here: fema.gov/disaster/4393. The guidance in Revenue Procedures 2014-49 (Tax Credit) and 2014-50 (4% Tax Exempt Bond) apply […]

OHCS is pleased to announce the launch of an effort to end Veterans experiencing homelessness in Oregon. Through “Operation Welcome Home” OHCS will utilize Veterans lottery funds to provide technical assistance (TA) for up to ten communities across Oregon to support their efforts to house as many Veterans experiencing homelessness as possible over six months, […]

California’s landmark housing package–packed with 15 game-changing new laws–was signed by Governor Brown one year ago. How is California a different place one year later? Homelessness relief funding from Senate Bill 2, our permanent source for affordable housing is exceeding projections. Developments are coming to market faster through streamlined approvals, thanks to Senate Bill 35. HCD is […]

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.”

Representative Mark Meadows (R-NC) has introduced H.R. 6890, the Creating Advancement and Personal Improvement in Targeted American Localities (CAPITAL) Act of 2018.

Harvard Joint Center for Housing researchers  Jennifer Molinsky and Whitney Airgood-Obrycki recently published a blogpost highlighting the rising in housing affordability challenges for older Americans.  “Due to both population growth and soaring housing costs, the number of adults age 65 and over struggling to afford housing is growing. The number of cost-burdened older households – […]

This week, the New York City Advisory Commission on Property Tax Reform will begin holding a series of public hearings on the current property tax system in New York City. Convened by Mayor Bill de Blasio and Speaker Corey Johnson in May, the commission is charged with developing proposals to make the system simpler, clearer, […]

WASHINGTON–Sept. 20, 2018–Combined tax-exempt private activity bond (PAB) issuance for multifamily and single-family housing set a record in 2017, according to a report issued today by the Council of Development Finance Agencies (CDFA).