Recent News

Wednesday, October 17, 2018

The National Low Income Housing Coalition and the Public Assisted Housing Research Corporation today released a report, “Balancing Priorities: Preservation and Neighborhood Opportunity in the Low-Income Housing Tax Credit Program Beyond Year 30.” The report, based on data from the National Housing Preservation Database and other sources, explores challenges in preserving low-income housing tax credit (LIHTC) properties and promoting mobility for low-in

Tuesday, October 16, 2018

The Internal Revenue Service posted a reminder that owners and operators of low-income housing tax credit (LIHTC) properties anywhere in the United States and its territories can provide temporary emergency housing to people displaced from their principal residences by a major disaster, regardless of income.

Tuesday, October 16, 2018

Sen. Dean Heller, R-Nev., this week introduced the Seniors Affordable Housing Tax Credit Act. S. 3580 would allocate tax credits to states, which would award them to owners or developers of rental property for low-income seniors. Seniors in those properties would pay no more than 30 percent of their income for rent and utilities and the property owner would receive a federal tax credit as compensation for potential loss.

Wednesday, October 3, 2018

The Federal Housing Finance Agency (FHFA) today invited public comment on proposed modifications to Fannie Mae and Freddie Mac’s 2018-2020 duty to serve underserved markets plan. Fannie Mae’s proposal includes modifying actions to reflect revised rural investment targets based on enhanced market insight and experience since re-entering the low-income housing tax credit (LIHTC) equity market.

Friday, September 28, 2018

The Federal Housing Administration (FHA) today announced that it is extending its multifamily risk-sharing initiative with the Federal Financing Bank for eligible housing finance agencies (HFAs) through the end of 2018, a decision that will likely reduce the cost of FHA-insured multifamily risk-sharing loans. The risk-sharing initiative was originally scheduled to stop accepting new applications from HFAs at the end of September, but will now accept applications through Dec. 31 for commitments up to the program maximum of $3 billion.

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