General News

Historic Tax Credit Advocacy During Summer Recess Urgently Needed The Historic Tax Credit (HTC) is the most significant federal financial commitment to historic preservation. Over the last 36 years, the credit has created 2.3 million jobs, leveraged $117 billion in investment, and rehabilitated more than 41,250  buildings — all while generating enough in federal taxes […]

In late March, HUD’s Office of Recapitalization hosted a listening session to receive feedback on how they can facilitate more efficient closings of RAD transactions. The session has resulted in changes regarding the HAP effective date and information regarding initial year funding.

It is with great sadness that we report that our friend and colleague Preston C. Moore passed away at his home on Tuesday July 5 at the age of 84.  Preston was the President of Urban Home Ownership Corporation in New York City and one of the founding members and a longtime Director of National […]

National Low Income Housing Coalition’s national Housing Trust Fund (HTF) website—www.nhtf.org—now includes allocation plan information for each state. The documents listed include draft allocation plans, notices of public comment periods, submitted comment letters, and state-specific advocacy resources prepared by NLIHC. Each state’s page also lists contact information for the State Designated Entity (SDE) responsible for […]

Harvard Research Center report, The State of the Nation’s Housing 2016, reveals that 11.4 million households paid more than half their incomes for housing in 2014. This is the first time the United States has seen so many residents paying such a large portion of their income on rent.

The Government Accountability Office’s second report on LIHTC finds that the agencies that allocate state credits generally follow program requirements. However, approaches to QAP and LIHTC award criteria vary, which opens the door to problems for some agency practices.

A nationwide public opinion poll found that more than three quarters of people (77%) support affordable housing development in their communities. 8 in 10 say their elected officials should increase efforts to support the creation of homes that are affordable to lower-wage workers.

Terner Center for Housing Innovation created the Housing Development Dashboard, an interactive set of tools that aims to create a way to easily understand the interaction of land use measures and market conditions on housing production. The tools are currently in βeta testing.

The Alaska Housing Finance Corporation has opened its 2016 round for the Competitive Affordable Housing Program (AHP). The AHP can provide up to $500,000 in funding towards affordable housing projects.

While it is far from perfect in the eyes of affordable housing advocates, it would expand several key programs and is seen as a tepid victory in the current spending climate.

The Maryland Department of Housing and Community Development is holding public hearings regarding the Allocation Plan for the National Housing Trust Fund.

MORs property inspections will be conducted by the 42 existing Project-Based Contract Administrators as part of their amended interim contracts with HUD, mostly likely starting on a limited number of properties.