On Oct. 22, the Internal Revenue Service announced an increase in the LIHTC and private-activity bond volume caps for 2025. The announced changes represent a milestone in the effort to bolster affordable housing financing across the country. Both the 9 percent LIHTC multiplier and the private...
A new state law broadens the CTCAC regs to include all LIHTC developments.
California Governor Gavin Newsom recently signed a bill (AB846) into law that will limit rent increases for tenants in LIHTC sites across California. This legislation is the latest effort in...
HUD has issued Notice H 2024-09 delaying HOTMA for Multifamily Housing programs. The previous deadline to come into compliance that came from the most recent version of HUD Notice H 2023-10 was Jan. 1, 2025. Now, the new...
HUD is required by law to set Fair Market Rents (FMRs) every year. In general, the FMR for an area is the amount that a tenant would need to pay the gross rent (rent plus utilities) of privately owned, decent, and safe rental housing of a...
2025 DDAs and QCTs are effective for LIHTC allocations made after Dec. 31, 2024.
HUD recently published a notice in the Federal Register establishing 2025 difficult development areas (DDAs) and qualified census tracts (QCTs) for purposes of the low-income housing tax...
In the last issue, we highlighted a letter concerning rising insurance costs from a broad coalition of housing providers to members of Congress and the Biden administration. The letter highlighted the fact that as of the fourth quarter 2023, U.S. property insurance rates have increased for 25...
More state and local programs are being designed to address middle-income housing.
As a result of state legislation passed in May 2024, Colorado is creating a pilot program to help spur the development of rental housing for middle-income families. The legislation defines...
The Joint Center for Housing Studies of Harvard University recently released the latest version of its annual report, The State of the Nation’s Housing 2024. The report finds that housing costs continue to...
Annual premium increases for affordable housing sites are ranging from 30% to 100%.
A broad coalition of groups representing America’s housing providers, lenders, and residents recently sent members of Congress and the Biden administration a letter outlining a number...
When New York State lawmakers enacted its fiscal year 2025 budget last month, it included legislation intended to support housing statewide and address the state’s housing crisis. One part of the passed legislation was a measure to ban...
A bipartisan group of 24 members of Congress recently sent U.S. Treasury Secretary Janet Yellen and IRS Commissioner Daniel Werfel a letter urging the Treasury and IRS to issue guidance providing direction to state agencies...
