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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.” ...
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. ...
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, 2015
Periodical News Brief
The U.S. Department of Housing and Urban Development (HUD) released the fiscal year 2016 (FY 2016) proposed fair market rents (FMRs) Sept. 3. FMRs are used to determine payment standards for the Housing Choice Voucher (HCV) program. ...
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 1, 2012
Periodical News Brief

The Federal Housing Finance Agency (FHFA) released the 2012 Conservatorship Scorecard, which includes specific objectives and timetables for Fannie Mae.

February 1, 2017
Periodical News Brief
Julián Castro, the U.S. Department of Housing and Urban Development (HUD) secretary, issued an exit memo Dec. 30, 2016, as he prepared to vacate his post. In his memo, Castro highlighted the importance of housing as a platform for opportunity. He stated that the program is needed now more than ever as potential tax reform changes could reduce the value of the tax credits through the lowering of corporate tax rates. Castro also stated that tax reform needs to be done in such a way that it’s thoughtful about the impact it will have on the LIHTC program and the housing market in general. In addition, he said it’s important for states to be smart about their qualified application plans. Castro also said there is a lot of work that can be done at the state level to get more out of the LIHTC program. In an interview, Castro also highlighted some of the work done with the program. He noted the more nuanced work that has been done to the application of difficult development areas (DDAs) and the use of ZIP codes or census tracts instead of larger areas. He said this gives a boost to the areas where it is more difficult to get an affordable housing development completed.
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July 5, 2017
Periodical News Brief

Melvin L. Watt, director of the Federal Housing Finance Agency (FHFA), May 11 appeared before the U.S. Senate Committee on Banking, Housing and Urban Affairs to discuss the status of the housing finance system after nine years of conservatorship. He reviewed the FHFA’s statutory mandates to manage Fannie Mae’s and Freddie Mac’s (the Enterprises’) day-to-day operations and stated that these conservatorships are not sustainable and they need to end as soon as Congress can chart the way forward on housing finance reform. Watt highlighted important changes and reforms that have taken place during the conservatorships and said that FHFA must continue to meet its obligations while housing finance reform takes place. Watt closed by saying that the most significant challenge FHFA faces as conservator is that additional draws of taxpayer support would reduce the amount of taxpayer backing available to the Enterprises. He added that it would be a misconception for members of the committee to consider any actions that FHFA may take as conservator to avoid additional draws of taxpayer support as an effort to influence the outcome of housing finance reform or as a step toward recap and release. Watt concluded that the FHFA’s actions would be taken solely to avoid a draw during conservatorship. 

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 ...

June 1, 2017
Periodical News Brief

The Rural Housing Service released a notice in the May 3 Federal Register announcing a series of teleconferences and/or web conference meetings concerning the U.S. Department of Agriculture (USDA) multifamily housing program. The objectives of the series is to enhance the effectiveness of the multifamily housing program, establish a two-way communications forum to update industry participants and Rural Housing Service (RHS) staff, enhance RHS’ awareness of issues that impact multifamily housing and to increase transparency and accountability in the multifamily housing program. Discussion topics will include updates on USDA multifamily housing program activities, perspectives on the multifamily housing notice of funds availability processes and comments on multifamily transaction processes. The meetings are scheduled to occur quarterly during 2017, with the dates and times to be announced via email to registered parties. The notice can be viewed at www.taxcredithousing.com. 

December 1, 2015
Periodical News Brief

The Internal Revenue Service (IRS) released Revenue Procedure (Rev. Proc.) 2015-49 Oct. 13. Rev. Proc. 2015-49 provides the amounts of unused 2015 Low-Income Housing Tax Credit (LIHTC) carryovers allocated to qualified states under Section 42 of the Internal Revenue Code (IRC). ...