News

2017 NLIHC Research: 7.4 Million Unit Gap in Affordable Housing Need

The shortage of affordable housing equates to 35 affordable and available units per 100 ELI renter households in the United States, with the ratio even further exaggerated in particular states.

Dr. Ben Carson Confirmed as HUD Secretary

By a vote of 58 to 41, the Senate last Thursday confirmed retired neurosurgeon and former Republican presidential candidate Dr. Ben Carson as the next Secretary of Housing and Urban Development.

Senator Cantwell Reintroduces Legislation to Expand Housing Credit

Sen. Maria Cantwell (D-WA) announced Monday that she is reintroducing legislation with at least ten other Senators (including co-sponsor Sen. Orrin Hatch (R-UT) to improve and expand the Low Income Housing Tax Credit.

Legislation Introduced to Nullify HUD’s Affirmatively Furthering Fair Housing Rule

Rep. Paul Gosar (R-AZ) recently introduced H.R. 482, as Senator Mike Lee (R-UT) introduced S. 103, an identical piece of companion legislation in the Senate.

GAO Publishes Study on the Role of Syndicators in LIHTC Industry

The report makes no recommendations.

Proposed Legislation Would Reform Mortgage Interest Deduction to Benefit Affordable Housing

The legislation would reduce eligibility for the Mortgage Interest Deduction and divert the savings to the LIHTC program, the Housing Trust Fund, and HUD and RD programs.

IRS Releases Population Estimates for 2017, Affecting LIHTC Ceiling and Private Activity Bond Caps

The IRS recently released Notice 2017-19, which gives states population figures used in determining LIHTC allocation amounts as well as private activity bond caps. Rev. Proc. 2016-55 specifies that for the year 2017, each state shall receive the greater of $2.35 multiplied by the state’s population or $2,710,000. Section 3.20 of the same Re. Proc. […]

How Tax Reform and Affordable Housing Policy Work Together

An article by Jeff Whiting reminds us that tax reform presents opportunity.

Nominations Open for 23rd Annual Charles L. Edson Tax Credit Excellence Awards

Presented to the most outstanding Low Income Housing Tax Credit (Housing Credit) properties in seven categories, the Edson Awards bring together Members of Congress and industry participants to celebrate developments at the forefront of creating strong, healthier communities in urban, suburban, and rural areas nationwide.