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 Louisiana Housing Corporation has released a draft of the 2022-2023 Qualified Allocation Plan(QAP). The document is a preliminary summary of proposed changes to the QAP. The items considered are the result of written comments received, comments made during the focus group meetings and public hearings, internal data analysis, and research to achieve LHC’s housing priorities and objectives effectively. 

On June 29, the Arizona state legislature passed a State LIHTC in S.B 1124. The state credit available to properties placed in service after June 30, 2022 is equal to at least fifty percent of the federal credit with a $4 million annual cap. Governor Doug Ducey (R) has until July 12 to sign or veto the bill, otherwise it will become law on its own. 

Governor Gavin Newsom (D) recently approved California’s 2021-2022 budget, which includes the following investments in affordable housing:  

A bill recently approved by California legislature and Governor Gavin Newsom (D) extends the state’s eviction moratorium through the end of September and will pay off 100 percent of all past due rent from April 2020 through September 30, 2021 for tenants making less than 80 percent of the area median income. The state will also assist with unpaid utility bills.

The Oregon legislature approved $896 million invested in housing solutions in Oregon Housing and Community Services’ 2021-2023 biennium budget, more than double that of the last biennium:  

In a press release, House Financial Services Committee Chairwoman Maxine Waters (D-CA) announced she secured a commitment from President Joe Biden (D) to include housing in the partisan, reconciliation bill. In a speech on July 7 in Illinois, the president said the following on the reconciliation package, “We need to deal with the shortage of affordable housing in America. Over 10 million renters in this country […]

NH&RA signed a letter to Congress along with 120 organizations supporting federal legislation that would create tax credits for zero-carbon buildings and retrofits. Buildings are the largest single contributor of global greenhouse gas (GHG) emissions, producing approximately 40 percent of global emissions.

On Monday, the Transportation, Housing and Urban Development, and Related Agencies subcommittee of the House Appropriations Committee approved FY 2022 funding for HUD. The bill includes $56.5 billion in HUD funding, a $6.8 billion (12 percent) increase over FY 2021. If enacted in its current form, several programs would see substantial increases over FY 2021 levels.

Boston Mayor Kim Janey (D) joined the officials from the Boston Housing Authority (BHA), WinnCompanies and MassHousing to formally open a unique $30.2 million development project that delivers 52 units of both rental and homeownership opportunities to households of all incomes along the East Boston waterfront, WinnCompanies said in an announcement. 

Standard Communities has led a public-private partnership to acquire Osprey Place Apartments in North Charleston, SC, the company said in an announcement. The company said this deal brings Standard’s affordable portfolio in the Charleston area to more than 500 units. 

Pennrose announced the addition of Tom Anderson to its executive development team. As senior vice president of development, Anderson will lead Pennrose’s strategic expansion into the Midwest and Mountain regions. In addition to providing leadership for an expanding development team, Anderson will also provide executive representation of Pennrose among industry organizations and associations, financial partners, design and construction partners, housing authorities, and state agencies. 

A new proposed rule from HUD, Reinstatement of HUD’s Discriminatory Effects Standard, would rescind the Department’s 2020 disparate impact rule and restore the 2013 discriminatory effects rule. Comments are due by August 24.