News

HUD has launched new guidelines and resources to bolster the nation’s affordable housing stock against climate-related challenges through rapid retrofitting and weatherization efforts.

The DC Housing Finance Agency (DCHFA) offers developers several opportunities to finance affordable multifamily rental housing projects through its McKinney Act Loan Program and Housing Investment Platform (HIP).

Oregon Housing and Community Services (OHCS) announced that Last Gap resources are reaching full subscription.

The State of Kansas will conduct a public hearing to provide an opportunity for citizens to review and comment upon the preliminary draft of the 2025 Action Plan of the 2024–2028 Kansas Consolidated Plan.

The Department of Housing and Community Development (DHCD) announced the application link for the 2024 Consolidated Request for Proposals for Affordable Housing Projects is live. 

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.  

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.  

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.

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.

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.

Recent trends in affordable housing development are seeing an increased use of mezzanine debt and preferred equity as financing strategies.

The USDA’s Section 515 loan program for affordable multifamily housing has been instrumental in preserving and revitalizing rural properties.