Recent News
The California Tax Credit Allocation Committee (TCAC) today posted a resyndication questionnaire and memorandum for developments requesting a new reservation of low-income housing tax credits (LIHTCs). The questionnaire must be submitted for those who have existing LIHTC properties and are applying for a new allocation.
A U.S. District Court today issued a summary judgement to dismiss a lawsuit by Inclusive Communities Project Inc. (ICP) against the U.S. Department of Treasury and the Office of the Comptroller of the Currency that alleged that the Low-Income Housing Tax Credit program perpetuates racial segregation in Dallas. The U.S.
Novogradac & Company LLP lowered its estimate of the increase in the national median income for 2019, based on the Congressional Budget Office’s (CBO) 10-Year budget and economic outlook released Monday. Novogradac now estimates the national median will increase 5.01 percent, compared to the earlier estimate of 5.15 percent based on the August 2018 CBO report. The estimated change in national median income for 2020 remains 4.37 percent.
President Donald Trump today announced a short-term funding agreement to end the partial federal government shutdown after 35 days. The agreement will allow the U.S. Department of Housing and Urban Development to fund expired and expiring housing contracts and will allow the Community Development Financial Institutions (CDFI) Fund to resume movement toward the announcement of new markets tax credit allocations. The legislative measure will fund the government through Feb. 15 and Trump said border security negotiations will continue during the interim.
A coalition of national organizations today released a report calling for an expansion of federal assistance and affordable housing supply in response to the nation’s affordable housing crisis.
Recent Updates
