News

This past Friday, a federal court in Texas issued a ruling for Texas Department of Housing and Community Affairs v. Inclusive Communities Project. Read on for a brief analysis of the opinion and review of the Supreme Court case that made headlines last summer.

Mary Walsh was announced as the new Southwest Multifamily Regional Director for the Department of Housing and Urban Development (HUD).

HUD recently posted Fiscal Year 2017 Fair-Market Rents (FMR) to the huduser.gov site.

Beacon Communities recently announced the opening of their Albany, NY office. Duncan Barrett and Paul Kruger, previously of OMNI Housing Development LLC, and Julianne Clouthier have joined the Beacon Communities team.

The increase comes in light of continued high levels of property acquisitions and deliveries of newly constructed apartment units…

The Public and Affordable Housing Research Corporation (PAHRC) released its annual report, this year focusing on the theme of housing as more than shelter, but “as a springboard for success economically, physically, mentally, and socially.” Read on for findings and highlights from the report.

The data covers 4,541 total Qualified Active Low-Income Community Businesses and almost $38.5B in NMTC investments.

Economist Patrick O’Keefe comments on a slow-to-recover U.S. economy and what that means for the U.S. housing market. A summary from his recent presentation at the NH&RA Summer Institute.

Urban Institute and National Housing Conference have together created an interactive webpage which illustrates the need for subsidy when charging affordable rents to low-income families.

On July 21st, the IRS released guidance regarding Internal Revenue Code 50(d)(5). The long-awaited guidance affects market rate transactions involving Historic Tax Credits.

If signed into law, the bill would strengthen the project based rental assistance program, reduce the burden of public housing and PBRA unit inspections, and change the way tenant incomes are calculated, reviewed, and addressed.

On Thursday, July 14, Senate Finance Committee member Maria Cantwell (D-WA) and Senate Finance Committee Chairman Orrin Hatch (R-UT) introduced legislation (S.3237) to improve the Low Income Housing Tax Credit.