News
Housing Bonds Set New Record in 2017, According to CDFA Report
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).
HUD Webinar Focuses on Preservation of Pre-1974 Section 202 Direct Loan Properties Post Poned
HUD is pleased to announce the Preservation of Pre-1974 Section 202 Direct Loan Properties webinar. This webinar is scheduled to take place on Tuesday, October 9, 2018 at 2:00 PM EDT.
RAD Program Converts 100k Public Housing Units
NH&RA congratulates the US Department of Housing & Urban Development and on achieving an important milestone — the conversion and preservation of 100,000 public housing units through the Rental Assistance Demonstration (RAD) Program! HUD Secretary Ben Carson, Assistant Secretary for Housing Brian Montgomery, and Multifamily Office of Recapitalization Director Tom Davis were joined by the Housing Authority of the City of Austin and additional officials in Austin, Texas, to celebrate this momentous occasion.
GAO Publishes Long Awaited LIHTC Cost Report
On September 18, the U.S. Government Accountability Office (GAO) published a new report “LOW-INCOME HOUSING TAX CREDIT: Improved Data and Oversight Would Strengthen Cost Assessment and Fraud Risk Management.”
CA Governor Signs SB 1477: Incentives for New Low-Emissions Affordable Homes
During the Global Climate Summit last week, the Governor Jerry Brown signed SB 1477 (Stern), which will incentivize low-emissions technologies for affordable housing.
HUD Updates RAD Resource Desk
On Monday, September 10, HUD launched a variety of enhancements to the RAD Resource Desk to allow users to more easily manage their RAD transactions.
HUD Introduces 2017 American Housing Survey
In the leadership message, director of PD&R’s Housing and Demographic Analysis Division Shawn Bucholtz discusses the release of the 2017 American Housing Survey (AHS) data.
Housing Assistance Council Publishes New Assessment State of Rural Rental Housing
The Housing Assistance Council (HAC) has published a new report entitled, “RENTAL HOUSING FOR A 21ST CENTURY RURAL AMERICA USDA’s Rural Rental Housing Portfolio: A Platform for Preservation.”
Amazon’s Bezos to Commit $2 Billion to Homeless Programs, Preschools in Low Income Areas
Amazon.com founder Jeff Bezos announced on Twitter (@JeffBezos) that he and his wife, MacKenzie, would commit $2 billion to “exisiting non-profits that help homeless families, and creating a network of new, nonprofit, tier-one preschools in low-income communities.”
IRS Submits Opportunity Zone Regulation to OMB for Review
The Internal Revenue Services submitted regulatory guidance for the Qualified Opportunity Zone Program to the Office of Information and Regulatory Affairs, a division of the White House Office Management of the Budget (OMB) on Wednesday September 12. This proposed rule is expected to clarify several issues relating to the incentive. The specifics of the proposed regulatory […]
Council of Development Finance Agencies Issues Report on Opportunity Zones
The Council of Development Finance Agencies has issued a new report titled, “CDFA Opportunity Zones Report: State of the States.” Recognizing that Opportunity Zones have the potential to be a transformative economic development tool in distressed areas around the country, CDFA members are actively developing Opportunity Zones strategies to attract investment, identify additional development finance […]
New Report on City NIMBYs Published in Journal of Land Use & Environmental Law
City NIMBYs, a new article authored by NYU Furman Center Faculty Director Vicki Been, explores the growing trend of opposition to development in cities. It describes the academic discussions of this trend to date, reviews the known impact of opposition and regulatory barriers to development, and proposes factors that may explain the growing opposition to […]