The United States District Court for the District of Columbia recently issued an opinion finding that the National Fair Housing Alliance (NFHA) has standing to bring a discrimination claim against Travelers Indemnity Corporation and Travelers Casualty Insurance Company of America (Travelers). In...
In an op-ed recently published by The Philadelphia Inquirer, Phyllis Chamberlain, the executive director of the Housing Alliance of Pennsylvania, wrote about the impact of the LIHTC program nationally and in Pennsylvania. According to Chamberlain, each year, the Pennsylvania Housing...
On July 18, the Senate Finance Committee held a hearing to consider the nomination of David J. Kautter as Assistant Secretary for Tax Policy of the Treasury Department. Senator Maria Cantwell (D-WA), who introduced The Affordable Housing Credit Improvement Act to expand and strengthen the LIHTC...
According to a Pew Research Center analysis of Census Bureau housing data, more households are headed by renters than at any point since at least 1965. The total number of households in the United States grew by 7.6 million between 2006 and 2016. But over the same period, the number of...
The Chief Prosecutor of the Attorney General’s office in Guam recently filed charges of official misconduct and conspiracy against former board members and the current executive director of Guam Housing and Urban Renewal Authority (GHURA). The charges stem from federal investigations into...
The National Association of Home Builders (NAHB) recently introduced new maps for industry professionals interested in providing homes for lower-income families and learning more about development and financing opportunities using the LIHTC.
House Speaker Paul Ryan (R-WI) recently delivered a speech on his vision for tax reform at the 2017 National Association of Manufacturers (NAM) Summit. He indicated his hopes to see a comprehensive tax reform bill passed by the end of 2017. “Our goal is to get it done by the end of the...
The Joint Center for Housing Studies of Harvard University (JCHS) recently released “The State of the Nation’s Housing” report for 2017. The report shows that 37 percent of American households now rent. This marks a 50-year high. The report also finds that the supply of rental...
Senate Finance Committee Chairman Orrin Hatch (R-Utah) recently released a letter inviting feedback on tax reform. Hatch invited recommendations on a variety of tax-related topics, including four key issue areas—individual income tax relief for middle-class individuals and families,...
Representatives from the IRS and the U.S. Department of the Treasury recently spoke at the annual meeting of the American Bar Association Forum on Affordable Housing and Community Development. The representatives did not speak on behalf of their respective agencies, but rather provided personal...
When you calculate a household’s income to determine if it’s qualified, total the income of all the household’s members, even if they’re not related. If you make the mistake of counting members’ incomes separately, you’re likely to determine that their...
Don’t include the value of any approved federal or state rent subsidies the owner gets for a household when you calculate the household’s income and rent. If you do, you may charge the household too much rent. Or you may lose out on renting to a qualified household because you...
