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February 6, 2018
Podcast
Continuing Resolution, Debt/Statutory Limit; Infrastructure; CPI Changes; Ongoing Tax Extenders Talks; Atlantic’s CityLab Report; Novogradac & Company Opportunity Zone Resource Center; Colorado Affordable Housing Tax Credit Program.
September 3, 2019
Periodical News Brief
A report issued July 15 by the Multifamily Research Center at Freddie Mac found that the percentage of multifamily rental units affordable to very low-income (VLI) households fell from 56 percent in 2010 to 39 percent in 2017, representing a loss of 2.4 million affordable rental homes. The report, “Diminishing Affordability–Inescapable,” also said that metropolitan areas with the greatest population growth experienced a greater loss in the share of rental homes affordable to VLI households.
August 1, 2014
Periodical News Brief
On June 17, the Federal Home Loan Bank of Atlanta announced the award of approximately $24.5 million of 2014 Affordable Housing Program (AHP) funds for 3,590 affordable housing units in 60 affordable housing developments. Awards range from $500 to $28,200 per ...
December 1, 2016
Periodical News Brief
On Oct. 11, the Housing Trust Fund Project of the Center for Community Change (CCC) released, “Opening Doors to Homes for All: The 2016 Housing Trust Fund Survey Report.” CCC stated that the benefit of housing trust funds can be document in 49 states and the District of Columbia. The report provided case studies demonstrating the benefit of housing trust funds. The report showed that there are now more than 770 city, county and state housing trust funds that provided more than $1 billion to support affordable housing in 2015. The report highlights six trends that housing trust funds advance: providing homes for extremely low income (ELI) households, keeping homes affordable, addressing homelessness, fending off gentrification and displacement, attending to rural housing needs, and striving to meet environmental goals. The report is available at www.housingtrustfundproject.org.
February 1, 2018
Periodical News Brief
The number of cost-burdened and severely cost-burdened renters has slightly decreased, but the rental housing affordability gap in the United States remains high, according to the Joint Center for Housing Studies (JCHS) at Harvard University’s America’s Rental Housing 2017 report released in December 2017. The study found median monthly rental costs increased 15 percent from 2000 to 2016, while median household income fell slightly. JCHS also reports that the low-income housing tax credit (LIHTC) continues to be a significant force in providing construction and rehabilitation of affordable housing–supporting 70,000 affordable rental apartments per year–but that nearly 500,000 LIHTC units and 650,000 other subsidized rentals will come to the end of their required affordability periods in the next decade. The report says that federal, state and local policy must support the efficient provision of affordable rental homes to address the nation’s affordability challenges.
October 1, 2012
Periodical News Brief
A recent study by the U.S. Department of Housing and Urban Development (HUD) found that the majority of low-income housing tax credit (LIHTC) properties remain affordable to working families even after they transition out of the initial mandated 15-year affordability period.
August 1, 2015
Periodical News Brief
The Joint Center for Housing Studies of Harvard University (JCHS) released the report, “The State of the Nation’s Housing 2015” June 24. JCHS provides an assessment of the state of the rental and homeownership markets in its annual report. ...
April 1, 2012
Periodical News Brief
The Affordable Housing Tax Credit Coalition (AHTCC) is accepting entries for the 18th Annual Charles L. Edson Tax Credit Excellence Awards program.
April 3, 2017
Periodical News Brief
Sen. Maria Cantwell, D-Wash., Orrin Hatch, R-Utah, and 11 other U.S. senators introduced March 7 the Affordable Housing Credit Improvement Act of 2017. The legislation would include a 50 percent increase in the annual LIHTC allocation, establish a minimum 4 percent credit rate, allow income-averaging, allow states to grant a 30 percent basis boost if needed for bond-financed developments and several other provisions, including renaming the LIHTC as the “Affordable Housing Tax Credit.” The legislation was expected to be introduced in the House of Representatives. Cantwell’s office also released a report, “Meeting the Challenges of the Growing Affordable Housing Crisis,” which highlighted the impact on affordable housing of the record increase of 9 million renters in the past decade, the relatively low rate of rental housing construction, the removal of 13 percent of affordable housing homes since 2001 and stagnant wages.
March 7, 2019
Periodical News Brief
The National Trust Community Investment Corporation (NTCIC) announced in late January the recent closing of funding for the rehabilitation of the Hoen Lithograph Building in Baltimore. When construction is complete in 2020, the 1885 Hoen building will become the Center for Neighborhood Innovation. The adaptive reuse of the 85,000-square-foot historic building will involve transforming the building into a community-serving resource for workforce development, education and entrepreneurship. Financing for the $28.3 million revitalization included a variety of state and local grants, more than $4.4 million in federal historic tax credits (HTCs) and $24.3 million in new markets tax credits, $10 million of which was provided by NTCIC. 
June 1, 2011
Periodical News Brief
Fannie Mae released two white papers that outline the company's multifamily rental activities and the outlook for affordable rental housing and the small multifamily loan market.
November 1, 2010
Periodical News Brief
The New Hampshire Community Development Finance Authority (CDFA) awarded more than $4 million to a dozen organizations to further their affordable housing and economic development programs.
January 6, 2016
Blog Article
June 3, 2019
Periodical News Brief
Herb Collins, co-founder of Boston Capital, died in March after a lifetime of contributions to affordable housing. Collins co-founded Boston Capital in 1974 and championed the passage of the low-income housing tax credit (LIHTC) in 1986. Collins was 89.
September 9, 2019
Blog Article
The need for affordable rental housing nationwide is obvious. However, the cause of this shortfall is multifaceted. A recent survey and accompanying report produced by the National Apartment Association (NAA) provides more insight into some of those factors by examining what is preventing multifamily housing–both market-rate and affordable–from being built.