Recent News

Tuesday, May 11, 2021

A bill that would make certain low-income housing tax credit (LIHTC) property in Florida exempt from property taxes has passed both houses of the state Legislature, but awaits agreement on amendments before going to Gov. Ron DeSantis. H.B. 7061 would increase the current 50% exemption from taxes to 100% for properties that contain at least 70 units of affordable housing.

Tuesday, May 11, 2021

A bill introduced in the Massachusetts House of Representatives would change the word “owner” to “allocatee” in virtually all references concerning the state low-income housing tax credit (LIHTC). H.B. 2939 would make that change in 12 sections of the state laws.

Monday, May 10, 2021

The Novogradac Rent & Income Limit Calculator© has been updated to include fiscal year (FY) 2021 rent and income limit data that was released April 1 by the U.S. Department of Housing and Urban Development (HUD). Using the HUD-published data, the Novogradac Rent & Income Limit Calculator© will calculate low-income housing tax credit (LIHTC) rent and income limits for every county and every metropolitan statistical area in the United States.

Friday, May 7, 2021

The U.S. Department of Treasury and the U.S. Department of Housing and Urban Development (HUD) today announced the allocation of an additional $21.6 billion in emergency rental assistance (ERA) allocation. The allocations are made under the American Rescue Plan for Emergency Rental Assistance.

Wednesday, May 5, 2021

A federal judge ruled today that the Centers for Disease Control and Prevention lacked statutory authority to issue a nationwide eviction moratorium. In his ruling in Alabama Association of Realtors vs. United States Department of Health and Human Services, U.S. District Court Judge Dabney Freidrich wrote, “The question for the Court is a narrow one: Does the Public Health Service Act grant the CDC the legal authority to impose a nationwide eviction moratorium? It does not.” The current eviction moratorium is set to run through June 30. There was no immediate word on whether the CDC would appeal the ruling.

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