Kaitlyn Snyder Author Archives

ICAST’s IRA & BIL Instant Benefit Estimate Calculator is now available on NH&RA’s website under the Resources section.

The Los Angeles City Council has voted unanimously to set aside $120 million, 10 percent of the Proposition HHH supportive housing bond, for a pilot program that seeks strategies for expediting and containing the cost of permanent supportive housing development.

Law firm Tiber Hudson LLC has been named the number 1 underwriter’s counsel in the nation by Thomson Reuters, based on the number of multi-family bond issues completed in 2018.

Registration is now open for the 2019 West Virginia Housing Development Fund (WVHDF) LIHTC Application Workshop. The workshop will be held on Tuesday, April 9, 2019, at the Holiday Inn & Suites, South Charleston, WV. WVHDF awards up to 30 points in the Qualified Allocation Plan for attending the Application Workshops.

The California Tax Credit Allocation Committee (TCAC) published the 2019 Credit Estimates. TCAC estimates over $109 million in new credits minus $165,757 in forward committed 2019 credits leaving $108.8 million credits. TCAC estimates the following credits will be available for each geographic region in Round 1:

Members of the Tennessee legislature are pushing a bill that would help ease housing affordability challenges in urban areas. The Affordable Rental Property Act would give tax breaks to property owners offering rents below a certain affordability threshold. These tax breaks would be available in areas that currently lack sufficient affordable housing and are specifically targeted towards […]

A new National Opportunity Zones Ranking report ranks each of the designated Opportunity Zones based on its Smart Growth Potential as well as its Social Equity and Vulnerability Index score to create a “Smart Growth Potential” filter for investors to identify which Opportunity Zones should be prioritized for investment from a triple-bottom-line perspective that can deliver positive economic, environmental and social returns.

A New York Times article looks at how technology could help address housing affordability challenges. Matt Hoffman, vice president for innovation at Enterprise Community Partners, notes that Enterprise is seeking partnerships with tech companies with ideas that could change the market, such as new models between renting and ownership or squeezing new supply out of the housing that already exists

Nondefense discretionary (NDD) United is leading a letter urging Congress to end the Budget Control Act of 2011 sequester spending caps. Overall NDD funding would be cut by 12 percent (adjusting for inflation) compared to fiscal 2019 levels. NH&RA signed the letter and encourages our members to consider signing as well. The deadline to sign the letter is Feb. 15.

The House Appropriations Subcommittee on Transportation, Housing and Urban Development and Related Agencies (THUD) will hold an oversight hearing on Tuesday, Feb. 12 at 4 p.m. ET on HUD’s management of rental assistance contracts during the shutdown.

The Deputy Assistant Secretary of HUD’s Office of Multifamily Housing Programs issued two memos regarding the resumption of Multifamily production and asset management activities.

The General Deputy Assistant Secretary for Public and Indian Housing issued a letter that provides information on the status of Housing Choice Voucher (HCV) program funding and the Public Housing Operating Fund under the Continuing Resolution that funds the government through Feb. 15.

In London Breed’s first State of the City address as San Francisco’s mayor she announced plans for a charter amendment to make affordable and teacher housing development as-of-right in San Francisco. The charter amendment proposed for the November 2019 election, would allow 100 percent affordable and teacher housing proposals that comply with existing zoning laws to bypass the usual bureaucratic and appeals process that can result in long and costly delays.

Senate Banking, Housing and Urban Affairs Committee Chairman Mike Crapo (R-ID) released an outline for housing finance reform legislation. In a statement Chairman Crapo said, “we must expeditiously fix our flawed housing finance system. My priorities are to establish stronger levels of taxpayer protection, preserve the 30-year fixed rate mortgage, increase competition among mortgage guarantors, and promote access to affordable housing.”