News
Connecticut Housing Finance Authority Announces Development Engagement Process Fall 2024
The Connecticut Housing Finance Authority (CHFA) and the Connecticut Department of Housing (DOH) announced that the bi-annual Development Engagement Process (DEP) opened Sept. 23, 2024 for approximately five weeks for developers seeking state financial assistance or LIHTCs for projects throughout Connecticut.
Cut-Off Dates Announced to Apply for 2024 Round of IRA’s Low-Income Communities Bonus Credit
The U.S. Department of the Treasury, the Internal Revenue Service (IRS) and the Department of Energy (DOE) announced application cut-off dates for the 2024 round for the Low-Income Communities Bonus Credit Program of the Inflation Reduction Act (IRA) of 2022.
HOTMA Delayed for HUD Multifamily Programs
HUD has published a housing notice that extends the date for multifamily housing owners to be fully compliant with two major sections of the Housing Opportunity Through Modernization Act (HOTMA) of 2016.
Project Destined
Presented to the industry last week in a session at the Ballard Spahr 2024 National Housing Symposium in Washington, DC, Project Destined is a social impact platform designed to provide underserved youth, particularly students of color, with education and opportunities in real estate.
Preferred Equity and Mezzanine Debt in Affordable Deals
Recent trends in affordable housing development are seeing an increased use of mezzanine debt and preferred equity as financing strategies.
Rural Development Section 515
The USDA’s Section 515 loan program for affordable multifamily housing has been instrumental in preserving and revitalizing rural properties.
CDFI Fund Announces CY 2023 NMTC Allocation Awards to 104 CDEs
The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) announced $5 billion in New Markets Tax Credits that will spur investment and economic growth in low-income urban and rural communities nationwide.
HUD Releases 2025 Fair Market Rents
HUD released fair market rents (FMR) for fiscal year 2025 on Aug. 14, 2024, with an effective date of Oct. 1, 2024.
Ohio Housing Finance Agency Board Approves Financing for Two Housing Developments
The Ohio Housing Finance Agency (OHFA) Board approved financing from various programs to support two housing developments.
New York State Association for Affordable Housing Calls for Nominations
On Thursday, Nov. 7, 2024, NYSAFAH will host its Annual Awards for Excellence in Affordable Housing at The Yale Club in New York City.
Delaware State Housing Authority Launces Incentives for Landlords
The Delaware State Housing Authority has developed a Landlord Incentive Program to expand housing opportunities for voucher holders.
FHLBank Chicago LIHTC Financing
The Federal Home Loan Bank of Chicago (FHLBank Chicago) has launched the LIHTC Collateral Pilot program, providing $300 million in financing to support LIHTC multifamily housing projects.