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April 1, 2019
Periodical News Brief
Ben Carson, secretary of the U.S. Department of Housing and Urban Development (HUD), announced Feb. 21 his pledge to work with homebuilders to tackle the nation’s affordability crisis. During his address to the National Association of Home Builders board of directors during its annual meeting in Las Vegas Feb. 19-21, Carson announced that HUD’s Office of Multifamily Housing programs is expanding the Low Income Housing Tax Credit pilot program into the agency’s New Construction and Substantial Rehabilitation loan products. This is expected to make it easier for builders to use FHA-insured loans to finance low-income housing tax credit developments. As chairman of the White House Opportunity and Revitalization Council, Carson spoke about opportunities for builders and other private sector participants to invest in opportunity zones (OZs). Developers may use a qualified opportunity fund to help finance developments that could help increase residential housing within OZs.
September 1, 2014
Periodical News Brief
The Housing for Homeless Students Act of 2014 was introduced July 31. The bill would amend the Internal Revenue Code (IRC) of 1986 to allow homeless youth and veterans who are full-time students to qualify for the low-income housing tax credit (LIHTC). Currently, the ...
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