News
Senator Wyden Introduces Middle-Income Housing Tax Credit Act of 2016
The bill models after the Low-Income Housing Tax Credit, one key difference being income restrictions, which are set at 100 percent or less of area median income. The credit would provide 50% of qualified basis.
HUD Publishes Guidance on Independent Student Eligibility for Assisted Housing
The further guidance recently published by HUD builds on a 2006 supplementary guide and makes changes to that language.
HUD Releases RAD Closing Documents for 30-Day Public Comment Due Oct. 28
Following a sixty day comment period back in May (in which NH&RA’s RAD Group submitted comments), HUD has now opened the thirty day comment period to consider changes made since then.
Boston Affordable Housing Leaders Honored with Prestigious NH&RA Vision Awards
Congratulations to Maurice Barry and Fred Copeman who will be honored during the NH&RA Fall Developers Forum on November 1, at The Langham, Boston.
Hillary Clinton Speaks on Expanding LIHTC in Op-Ed
Clinton cites the need for a “national commitment to create more affordable housing”, speaking of increasing the LIHTC in high-cost areas as well as directing 10% of federal investments to low-income communities.
HUD: Jon Gresley Named HUD Pacific Regional Administrator
Gresley’s region includes Arizona, California, Hawaii, Nevada, and U.S. territories in the Outer Pacific.
HUD: Recent RAD Evaluation Report Shows Program is Working Well
The independent assessment examines data up through October 2015. During that time, $2.5B was secured by 185 projects.
HUD: Due Dates for Closing Transactions Involving PHAs
HUD recently released a memo regarding the due dates for mixed-finance transactions intended to close by December 31, 2016.
Senator Lankford Continues to Speak Out Against the Historic Tax Credit
Senator James Lankford (R-Okla.) published a report in 2015 titled “Federal Fumbles: 100 Ways the Government Dropped the Ball”. In the report, Sen. Lankford takes issue with the Historic Tax Credit, and continues to do so now.
HUD Publishes Final Rule on Quid Pro Quo and Hostile Environment Harassment
While harassment has been formally recognized for some time in employment law, it has lacked formal standards and processes in fair housing law.
Congress Returns from Recess; Fiscal Calendar Ends Sept. 30th
It is safe to say a continuing resolution is on the horizon.
Work Force Housing for Teachers Signed by Governor in California
The state law aims to create affordable housing for teachers and school district employees by utilizing land owned by school districts for development of income-restricted housing.