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December 1, 2014
Periodical News Brief
On Oct. 15, the Center on Budget and Policy Priorities released report that provides recommendations for federal rental assistance policy. “Creating Opportunity for Children: How Housing Location Can Make a Difference” indicates that federal rental assistance programs...
February 6, 2018
Periodical News Brief
A federal judge ruled Dec. 23, 2017, that the U.S. Department of Housing and Urban Development (HUD) must implement a rule to help low-income families find housing Jan. 1, 2018. HUD officials announced in August they would delay the rule for two years, but several civil rights groups sued the Trump administration over the delay. Chief Judge Beryl A. Howell found that HUD did not provide fair reasoning to delay the rule and that the delay was made arbitrarily. The rule requires public housing authorities in 24 metropolitan areas to use small area fair market rents to calculate Section 8 payment standards. Under previous law, rents for entire metropolitan areas are used to calculate the formulas. Howell found that HUD did not have the proper authority to delay the rule and that the stay was made arbitrarily.
April 1, 2016
Periodical News Brief
The Internal Revenue Service (IRS) March 4 released Notice 2016-23. The IRS is requesting comments on the new partnership audit regime enacted in the Bipartisan Budget Act of 2015...
June 1, 2015
Periodical News Brief
On May 5, the U.S. Department of Housing and Urban Development (HUD), Office of Policy Development and research released the report, “Effect of QAP Incentives on the Location of LIHTC Properties.” ...
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.
November 1, 2015
Periodical News Brief
The Congressional Budget Office (CBO) released the report, “Federal Housing Assistance for Low-Income Households.” The report, released Sept. 11, examines the ways in which the federal government provides housing assistance to low-income households ...
May 2, 2017
Periodical News Brief
On March 14, the Haas Institute released the study, “Opportunity, Race, and Low-Income Housing Tax Credit Projects: An Analysis of LIHTC Developments in the San Francisco Bay Area,” which comprehensively analyzes the administration of the Low-Income Housing Tax Credit (LIHTC) program. The Haas Institute examined LIHTC properties in the San Francisco Bay Area, and results showed that developments financed by the LIHTC in the Bay Area were relatively well distributed across boundaries of opportunity. According to the report, nearly two-thirds of LIHTC developments (64.9 percent) in the nine-county area were sited in moderate, low-, and very-low-opportunity neighborhoods during the years for which data was available (1987-2014). In addition, the Haas Institute stated that 9 percent credits were more frequently used to create housing in high-opportunity neighborhoods than 4 percent credits. However, more than 45 percent of large family developments were sited in low- and very-low-opportunity areas, with these types of properties disproportionately placed in low-opportunity areas where resources for families with children are inadequate to support healthy development and upward mobility. In addition, results indicate that 9 percent LIHTC developments are sited in neighborhoods that are not racially integrated; on a ratio of 3.78-to-1 basis, and 9 percent developments were sited in neighborhoods where 50 percent or more of the population were people of color. The report is available at www.taxcredithousing.com.
Award Winner
November 1, 2014
Periodical News Brief

On Oct. 1, President Barack Obama announced the reappointment of Bradford J. White to the Advisory Council on Historic Preservation (ACHP) for a renewed term. White will serve a second four-year term on the ACHP...

January 8, 2016
Blog Article
Award Winner
July 1, 2012
Periodical News Brief

The Federal Housing Finance Agency (FHFA) has proposed changes to its 2012, 2013 and 2014 housing goals for Fannie Mae.

March 1, 2014
Periodical News Brief

On Dec. 19, the Internal Revenue Service (IRS) released a draft audit technique guide (ATG) for the low-income housing tax credit (LIHTC) program. The guide was prepared to assist IRS examiners with auditing taxpayers, usually partnerships, owning IRC §42 lowincome housing projects ..

May 1, 2015
Periodical News Brief

On March 23, the Internal Revenue Service (IRS) released Notice 2015-23, which updates the resident population figures to be used by states and localities in calculating the 2015 calendar year state housing credit ceiling and the 2015 private activity bond volume cap and volume limit. ...

July 1, 2014
Periodical News Brief

On June 10, former U.S. Senate Majority Leader George Mitchell and former U.S. Senator Christopher Bond issued a statement supporting H.R. 4717. The bill would amend the Internal Revenue Code of 1986 to make permanent the 9 percent credit rate floor for new construction, and create...

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April 1, 2014
Periodical News Brief

The Low and Moderate Income Housing Act of 2014 (H.R. 4130), was introduced on Feb. 28. The bill would amend the Internal Revenue Code (IRC) to read that a property meets the requirements if 50 percent or more of the residential units in such property are both rent-restricted ...

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 ...