The U.S. Department of Housing and Urban Development (HUD) should improve its metrics to measure the success of the Rental Assistance Demonstration (RAD), according to a report from the Government Accountability Office (GAO) to Congress that was released Thursday.
A $1.3 trillion fiscal year (FY) 2018 omnibus spending bill passed by the House today would increase the U.S. Department of Housing and Urban Development (HUD) budget by $4.7 billion–nearly 10 percent. The legislation would also extend the Rental Assistance Demonstration (RAD) by four years until 2024 and raise the public housing cap from 225,000 units to 455,000 units.
Congressional leaders reached agreement today on a fiscal year 2018 omnibus spending bill that includes a 12.5 percent increase in low-income housing tax credit (LIHTC) allocations for four years and a provision from the Affordable Housing Credit Improvement Act of 2017.
The California Tax Credit Allocation Committee (CTCAC) today announced a new online application for developments seeking tax-exempt bonds and 4 percent low-income housing tax credits (LIHTCs). The application will be submitted to both CTCAC and the California Debt Limit Allocation Committee for consideration at their meetings, which will be held on the same dates. The deadlines for 2018 are May 18, Aug. 17, Sept. 14 and Oct. 12.
The U.S. Department of Housing and Urban Development (HUD) today published Understanding Whom the LIHTC Program Serves: Data on Tenants in LIHTC Units as of December 31, 2015. The study is HUD’s fourth annual report on the demographic and economic data for low-income housing tax credit (LIHTC) residents.
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