Jessica Hoefer Author Archives
Using Community Income Levels to Help Tenants Get Emergency Rental Assistance
In a new Joint Center for Housing Studies at Harvard University blog post, Sam Gilman makes the case for using community income levels to help tenants get Emergency Rental Assistance. Gilman is the co-founder and COO of the COVID-19 Eviction Defense Project.
$10 Billion in ERA Funds Distributed Through September
Last week, the Department of the Treasury announced state and local governments distributed nearly $2.8 billion from the Emergency Rental Assistance program to more than 510,000 households in September, up from 459,000 households in August.
Comments on HUD’s 30-Day Notice Period for Non-Payment of Rent Evictions in HUD-Assisted Properties Rule Due Nov. 8
HUD published an interim final rule, which prohibits the eviction of tenants for nonpayment of rent from HUD-subsidized public housing and certain properties with project-based rental assistance without providing a 30-day notice period that includes information about available federal emergency rental assistance.
HUD Posts Ask a Question Responses to 2020 MAP Guide
HUD’s Office of Housing published the responses to the Ask a Question tool set up in March 2021 for the 2020 Multifamily Accelerated Processing (MAP) Guide.
Action Alert: Include LIHTC, Affordable Housing in Budget Reconciliation
Budget reconciliation negotiations remain ongoing with a deadline of October 31. Advocacy is needed specifically from Senators and Representatives to leadership (Speaker Nancy Pelosi (D-CA) and Senator Majority Leader Chuck Schumer (D-NY)) and to the National Economic Council at The White House.
Fairstead Announces New $500 Million Equity Commitment, New Capital Markets Executive
Fairstead announced a new equity commitment of $500 million to strategically grow the company’s operations.
Financing Approved for WinnDevelopment Massachusetts Project
WinnCompanies announced it has received the financing commitments needed to acquire and renovate The Stone Mill, built 176 years ago by the founder of Lawrence, MA, into 86 apartments serving families and individuals across a range of income levels.
Cushman & Wakefield Enters $500 Million Joint Venture with Greystone
Cushman & Wakefield and Greystone External Link announced they will enter into a strategic joint venture.
Virginia Seeks Supportive Services Provider
The Virginia Department of Behavioral Health and Developmental Services is seeking experienced providers to deliver supportive services to individuals with a serious mental illness or developmental disability who live in certain LIHTC properties.
Comments on Texas’ Proposed Multifamily Direct Loan Rule Due Nov. 18
The Texas Department of Housing and Community Affairs posted a proposed Multifamily Direct Loan rule, 10 TAC Chapter 13.
Texas Posts Draft LIHTC Site Demographic Characteristics Report
The Texas Department of Housing and Community Affairs posted a draft of the 2022 LIHTC Site Demographic Characteristics Report.
Texas Announces Six-Month Extension to PIS Deadline for 2019 Nine Percent LIHTC Developments
The Texas Department of Housing and Community Affairs is notifying owners and agents of all 2019 nine percent LIHTC developments that, under the authority provided by Revenue Procedure 2014-49 and due to the major disaster declaration resulting from the COVID-19 pandemic, the deadline to place in service each building has been extended by six months, going from Dec. 31, 2021, to June 30, 2022.