LIHTC

Politico convened a group of 14 bipartisan business leaders, thinkers and policymakers to explore barriers to opportunity in America. Three of their nine recommendations focus on housing:  prioritize internet connectivity, ease zoning restrictions in some cities and rethink housing rehabilitation policies in other cities.

Congress returns this week after its Thanksgiving break with a full agenda.  Priorities include extending funding for most federal agencies for FY 2019, which expires on Dec. 7, and a potential tax package. Chairman of the House Ways and Means Committee Kevin Brady (R-TX) released a tax bill that Congressional Republicans hope to pass during the lame-duck. The bill makes corrections to the Tax Cuts and Jobs Act of 2017, extends several expiring tax measures, includes disaster tax relief and makes changes to retirement and savings tax provisions. 

House Ways & Means Chairman Kevin Brady (R-TX) has announced he has completed a draft tax measure to fix the “retail glitch” in the new tax law and address many tax extenders.  The draft measure is expected to be circulated in the next few days. It is unclear at time of press whether any affordable […]

The Tidwell Group has published a new article “Income Averaging: Handling a Double-edged Sword.”  The article explores the mechanics of income averaging, potential strategic opportunities, cautionary compliance notes and more…

The next Oregon Housing Stability Council meeting will be on Friday, November 2. The meeting will be held at Oregon Housing and Community Services (725 Summer St NE, Salem OR) in Conference Room 124 A/B. If you cannot attend in person, please join us by phone at: 1-877-273-4202; Participant Code: 4978330 AGENDA: 9:00      […]

Freddie Mac has published two new white papers titled, “Spotlight on Underserved Markets: LIHTC in Rural Middle Appalachia”  and “Spotlight on Underserved Markets: LIHTC in Indian Areas.” In the first paper, Freddie Mac explores Middle Appalachia’s multifamily housing market with a special focus on the primary means of developing affordable housing in undeserved markets: the […]

The National Low Income Housing Coalition and the Public and Affordable Housing Research Corporation have published the new report “Balancing Priorities: Preservation and Neighborhood Opportunity in the Low-Income Housing Tax Credit Program Beyond Year 30.”  The report looks at preservation challenges relating to LIHTC properties as they reach the end of their initial use restrictions.  […]

The Affordable Housing Investors Council (AHIC) has published updated Underwriting Guidelines for its members.  The Guidelines are designed to be used as an outline for an underwriting process and for investment documents for proprietary, multi-investor, and direct investments in low-income housing tax credits (LIHTC). They examine how to analyze the financial strength and expertise of […]

Freddie Mac announced today it has closed its first Low-Income Housing Tax Credit (LIHTC) Fund with Enterprise Community Investment, Inc. and its first equity investment within that fund.

The Federal Housing Finance Agency (FHFA) is requesting public input on Fannie Mae and Freddie Mac’s (the Enterprises) proposed modifications to their 2018-2020 Underserved Markets Plans (Plans) under the Duty to Serve (DTS) program.

On September 18, the U.S. Government Accountability Office (GAO) published a new report “LOW-INCOME HOUSING TAX CREDIT: Improved Data and Oversight Would Strengthen Cost Assessment and Fraud Risk Management.”

On September 7, the National Council of State Housing Agencies (NCSHA) has released a much anticipated the report by Abt Associates entitled “Variation in Development Costs for LIHTC Projects.”