News

The Department of Housing and Urban Development has issued a Request for Information (RFI) in the Federal Register to gather public feedback on its Choice Neighborhoods (CN) program.

The White House and Republicans are exploring a plan to sell federal land to developers as a solution to close the housing gap in the U.S.

The Federal Housing Finance Agency (FHFA) released a Request for Input (RFI) to gather suggestions on enhancing the application procedures for members and project sponsors seeking funding from the Federal Home Loan Banks’ (FHLBanks) Affordable Housing Program (AHP).

Recent bipartisan efforts in Congress aim to address the affordable housing shortage by converting distressed and vacant commercial real estate into residential properties. Notably, the Revitalizing Downtowns and Main Streets Act, introduced by Representatives Mike Carey (R-OH) and Jimmy Gomez (D-CA), proposes a temporary 20 percent tax credit for converting underutilized commercial buildings that are at least 20 years old into affordable housing.

Avanath Capital Management is leveraging technology to address the housing shortage by partnering with Vessel Technologies. Their goal is to deliver over 5,000 affordable and workforce housing units by 2030.

The Biden-Harris administration is investing $325 million through HUD’s Choice Neighborhoods program to build new homes and revitalize seven communities across the U.S.

The Joint Center for Housing Studies explores how traditional housing affordability programs primarily target low-income households, leaving middle-income earners in a precarious position.

The House Appropriations Committee has approved the Fiscal Year 2025 Transportation, Housing and Urban Development, and Related Agencies Appropriations Act.

The Federal Reserve Bank of Atlanta’s Policy Hub recently published a report that examines how long it takes to get approval to build new apartment buildings, compared to how long it takes to actually build them.

Enterprise Community Partners’ Mid-Atlantic Climate Resilience Academy is designed specifically to help multifamily affordable housing owners, operators and developers across DC, Maryland and Virginia make their properties more resilient and reduce displacement of residents, damage to property, business interruptions and other harmful impacts.

Winners of the 2024 Novogradac Journal of Tax Credits Developments of Distinction Awards have been announced.  

The turnover in tax writers has implications for future tax policies and the direction of tax legislation as a new generation of Republican lawmakers on the tax-writing committees in Congress prepare to address and potentially revise the 2017 Tax Cuts and Jobs Act (TCJA).