News
Massachusetts Increases State LIHTC to $60 Million
Governor Maura Healey (D) signed budget legislation, which increases the annual cap for the Massachusetts’ State LIHTC edit from $40 to $60 million.
NLHA Releases Insurance Survey Results
The National Leased Housing Association (NLHA) published the results of its insurance this week.
HUD Releases HOTMA Implementation Guidance
On September 29, HUD published Notice PIH 2023-17, which contains implementation guidance for Sections 102 and 104 of the Housing Opportunity Through Modernization Act of 2016 (HOTMA).
HUD Awards $75 Million in Loan Guarantee
Last week, HUD awarded $75 million in loan guarantee commitments to the cities of Omaha (NE), Oakland, Fresno and Redding (CA).
CDFI Fund Announces $300 Million in Guarantees
The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) announced that they agreed to issue three guarantees totaling $300 million under the CDFI Bond Guarantee Program.
AHTCC Recommended Practices and Considerations
The Affordable Housing Tax Credit Coalition (AHTCC) released State Low-Income Housing Tax Credits: Recommended Practices and Considerations, as a tool for those working on the legislative and regulatory development of new state Housing Credit programs.
Pennsylvania Announces Posting of Application Materials
The Pennsylvania Housing Finance Agency (PHFA) announced that all application materials for the 2024 LIHTC cycle are posted on the Agency’s website. PHFA plans to hold a pre-application meeting on October 4 at 9:00 a.m. ET via Microsoft Teams.
Senate Passes Bill to Avoid Shutdown
The U.S. government barely avoided a shutdown, where Congress passed a short-term funding measure to fund the government through November 17.
Congress Seeks to Strike Deal to Avoid Shutdown
With a government shutdown four days away, Congress is moving into crisis mode as both sides seek to strike a deal.
HUD Publishes 2024 QCTs, DDAs
Last week, HUD published its annual list of areas that qualify as Qualified Census Tracts (QCTs) or Difficult Development Areas (DDAs) for LIHTC purposes.
Local Government Leaders Across the Nation Urge Congress to Expand, Strengthen the Housing Credit
Mayors, county executives and other elected executive leaders from local municipalities in nearly every state in the nation this week sent congressional leaders a letter urging Congress to pass the Affordable Housing Credit Improvement Act (AHCIA) (S.1557/H.R. 3238).
CDFI Fund Announces $5 Billion in New Market Tax Credits
The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) announced $5 billion in New Markets Tax Credits (NMTC) today that will spur investment and economic growth in low-income urban and rural communities nationwide. A total of 102 Community Development Entities (CDEs) were awarded tax credit allocations, made through the calendar year […]