HUD recently proposed guidance impacting Low-Income Housing Tax Credit (LIHTC) projects involved in Federal Housing Administration (FHA) Multifamily Rental and Risk Share programs. The proposed guidance is meant to close the qualified contract loophole in the LIHTC program.
The Federal Housing Finance Agency (FHFA) recently announced that tenant protections will be included in new multifamily loan agreements beginning in February 2025. The tenant protections will be required for all multifamily properties financed by the federal enterprises known as Fannie Mae and...
The National Oceanic and Atmospheric Administration (NOAA) recently released its 2024 Atlantic Hurricane Season Outlook, and it is predicting an above-normal hurricane season.
NOAA’s outlook is for overall seasonal activity and is not a landfall forecast. Hurricane season...
Last year, Senator Bob Casey (D-PA), Chairman of the U.S. Senate Special Committee on Aging, introduced the Visitable Inclusive Tax Credits for Accessible Living (VITAL) Act to address the housing affordability and accessibility crisis for people with disabilities. Senator Casey recently...
Fair housing testers working with Fair Housing Initiatives Program (FHIP) grantees and Fair Housing Assistance Program (FHAP) agencies are used to identify systemic biases in the housing industry. These testers mimic real-world housing transactions to uncover racial, gender, and other forms of...
The National Low Income Housing Coalition (NLIHC) recently released the latest version of its annual report, “The Gap: A Shortage of Affordable Homes.” Each year, the NLIHC measures the availability of rental housing affordable to extremely low-...
The House of Representatives recently passed a $78 billion tax bill, Tax Relief for American Families and Workers Act (H.R. 7024), with wide bipartisan support. The bill is the result of a deal struck by House Ways and Means Committee Chairman Jason Smith (R-MO) and Senate Finance Committee...
House Ways and Means Committee Chairman Jason Smith and Senate Finance Committee Chairman Ron Wyden recently announced a bipartisan and bicameral tax package deal to be introduced as The Tax Relief for American Families and Workers Act of 2024. If passed, it would revive three business tax...
Senate Finance Committee Chair Ron Wyden (D-OR), Senator Dan Sullivan (R-AK), and House Ways and Means Committee members Representatives Jimmy Panetta (D-CA) and Mike Carey (R-OH) recently introduced the Workforce Housing Tax Credit Act. If passed, the legislation would establish a new tax...
The increase for the 2024 per-capita multiplier ties the record set last year for the largest year-over-year increase without legislative cause since 2003.
The Internal Revenue Service recently released Revenue...
