News

The National Park Service report includes a summary of state-by-state activity in 2017 as well as a breakdown of project sizes.  

Williams currently serves at the Urban Land Institute as Executive Vice President of Content and Executive Director of the Terwilliger Center for Housing. His appointment is effective April 2.

HUD recently rolled out System Release 2.2 and a revised assessment tool. These changes were based on user feedback and include missing flag notes.

The adjustment leaves per-capita amounts unchanged for LIHTCs and PABs. However, the LIHTC small state minimum was reduced by $5,000 while the small state minimum for PABs was reduced by $665,000.

NH&RA urges members and other interested parties to support legislation to make the New Markets Tax Credit permanent as well as increase annual allocation authority. The NMTC Coalition has provided information and resources for how you can help.

Six communities across the country have been awarded a total of almost $5 million from HUD’s Choice Neighborhoods Initiative. The grants allow local leaders flexibility in executing their own comprehensive plans for community revitalization. Developer partners involved with the awards include NH&RA Members Telesis (Cleveland) and Pennrose (Philadelphia).

Data in the Opportunity Zones Information Resource has been updated from information provided in a February 8, 2018, release to include all census tracts that meet the New Markets Tax Credit Program (NMTC) Low-Income Community definition and additional contiguous census tracts eligible for designation as a QOZ.

Owners will be able to sign up for individual 30-minute sessions with HUD staff during designated times each week on Tuesdays and Thursdays from 2:00 – 4:00 PM EST.

Presented by Stewards of Affordable Housing for the Future (SAHF) and Fannie Mae Enhanced Resident Services is the next stage of Fannie Mae’s Healthy Housing Rewards initiative, which aims to advance the development of sustainable communities and the availability of affordable housing by encouraging affordable multifamily borrowers to implement healthy design features and resident services […]

The Fund received 230 applicants this year requesting a total of $16.2 billion in NMTCs.

The plan might inadvertently benefit affordable housing by lifting state volume caps on Private Activity Bonds, but it does not outline additional funding for affordable housing. While savings from cuts to the Department of Transportation would be sent back to that same Department in the form of grants, the same would not be true for HUD, whose cuts would also ostensibly pay for the infrastructure plan, but as affordable housing is not a part of the plan, HUD would receive nothing back in return.

The cut to the Department’s budget means proposed elimination for several programs, while a select few programs are kept at level or awarded increased funding. While Congress will not take the numbers to heart, a rent hike or work requirements for able-bodied families receiving rental assistance is possible.