News

HUD published Annual Adjustment Factors, which are used to adjust contract rents for units assisted in certain Section 8 housing assistance payment programs during the initial term of the HAP contract.

By combining the CY 2015 and CY 2016 allocation rounds, the CDFI Fund will be able to announce the allocation of New Markets Tax Credits in the year for which they are authorized, and will be able to help more communities access the benefits of the tax credits sooner.

Novogradac recently compiled a list of agencies’ criteria for addressing the community revitalization plan preference and found that all states have some form of recognizing CRPs or an equivalent, including target areas or redevelopment plans.

Tenants at Burbank Apartments in Massachusetts sued when the building’s owner decided not to renew a Section 8 contract with HUD, arguing that it would disproportionately impact people of color. The court’s final decision was made after careful consideration of last summer’s Supreme Court ruling on disparate impact and the Fair Housing Act.

HUD is soliciting applications for the FY2016 Choice Neighborhoods Implementation Grants program. The maximum grant award is $30 million. Applications are due on June 28, 2016.

HUD is holding a series of three regional workshops to discuss affordable housing and solar. These workshops will help providers and owners understand the tools and resources available via HUD’s RENEW300 initiative.

The California Housing Partnership and National Housing Law Project have jointly published a guide to assist owners of affordable housing in understanding the implications of recent changes to federal program utility allowance requirements, and to provide tips for assessing whether utility allowance adjustments can be used as a resource to finance or pay back the […]

All Section 236 loans will mature in the next 3 years and HUD is encouraging all owners and managers of Section 236 projects to take action in 2016 to preserve their properties as affordable housing. A new step-by-step guide to preservation explains key financial issues and guidance.

HUD expects to make individual allocations to States later this spring and anticipates these funds can be drawn upon as early as this summer. The Fund is capitalized through contributions by government sponsored enterprises Fannie Mae and Freddie Mac.

Having a criminal record is not a protected characteristic under the Fair Housing Act, but race is. African Americans and Hispanics are arrested, convicted and incarcerated at rates disproportionate to their share of the general population. Many face significant barriers to securing housing because of their criminal history.

The LIHTC portfolio grew by 481 properties, encompassing 125,876 units, from 2012 to 2013, according to recent data from HUD. The report was a follow-up to last year’s release of Understanding Whom the LIHTC Program Serves: Tenants in LIHTC Units.

Annual population estimates determine the amount of Low-Income Housing Tax Credit and tax-exempt private activity bond authority is available for a given year.