General News Category Archives

Congress Passes COVID Relief, FY 2021 Omnibus Appropriations Bill

December 23, 2020 | Federal / Agency News, General News

On Monday, December 21, Congress passed a sweeping $1.4 trillion package to fund the government through September 30, 2021 plus $900 billion in Coronavirus aid. Many, many thanks to our members and partners who kept up the drumbeat all year long to get important housing priorities included in the bill.

LIIF Announces $20 Million Bridge to Help Liquidity for LIHTC Developers

December 23, 2020 | General News

The Low Income Investment Fund (LIIF) said it has launched a $20 million COVID-19 LIHTC Developer Fee Bridge Initiative to support affordable housing developers facing liquidity challenges in the wake of the Coronavirus pandemic and ensuing recession. LIIF said in a press release that with a guarantee from the Community Investment Guarantee Pool (CIGP), the flexible capital would be available to fill gaps created when fees are stalled in phases of LIHTC development.

Freddie Mac White Paper Highlights LIHTC in Rural Counties

December 16, 2020 | General News

Freddie Mac released a white paper Dec. 10 that found LIHTC supports 40.1 percent of the multifamily housing market in rural Persistent Poverty Counties (PPCs) – a rate that is more than three times greater than the national average and one and a half times greater than all rural areas.

NHT Partners with Leading Age on Analysis of Incentives for Older Adults in QAPs

December 16, 2020 | General News, Member News, Qualified Allocation Plans

National Housing Trust partnered with Leading Age to analyze the QAPs from all 50 states to see how Housing Credit Allocating Agencies use LIHTCs to encourage the production and preservation of affordable housing specifically for older adults. The analysis revealed that:

Seven states have established a set-aside for creating or preserving affordable housing for older adults;
Twenty-seven states award points for creating or preserving affordable housing serving older adults;
Twenty states award points for providing certain features in affordable housing serving older adults; and
Three states provide a basis boost for crating or preserving affordable housing serving older adults.

CDFI Fund Releases Application Demand for CY 2020 Round of NMTC Program

December 9, 2020 | General News

The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) announced that it received 208 applications under the calendar year (CY) 2020 round of the New Markets Tax Credit Program (NMTC Program).

JCHS Report: For Older Adults in Publicly Funded Housing During the Pandemic, Service Coordinators Help Build Resilience

December 9, 2020 | General News

A new report from the Joint Center for Housing Studies of Harvard University (JCHS) presents results from a survey conducted between June 23 and July 17, 2020 to explore the experiences of service coordinators during the early months of COVID-19.

New Report on Risk to Affordable Housing from Sea-Level Rise

December 9, 2020 | General News

The National Housing Trust and Climate Central released an analysis evaluating the risk to affordable housing from flooding related to sea-level rise over the next 30 years. The report found, among other items, that the number of affordable rental apartments at risk from coastal flooding and sea-level rise is expected to more than triple during the next three decades.

New Research Released on the Costs of COVID-19 Evictions

December 2, 2020 | General News

NLIHC and i4J estimate the costs of emergency shelter, inpatient and emergency medical services, foster care and juvenile delinquency to people experiencing homelessness as a result of eviction. Depending on the number of households evicted, these public costs would range between $62 billion and $129 billion.

NH&RA Joins Letter to IRS on COVID Relief for LIHTC Properties

November 25, 2020 | General News

NH&RA joined with 139 other organizations to support the National Council of State Housing Agencies’ (NCSHA) letter to the Internal Revenue Service (IRS) and Department of the Treasury calling for an extension to the temporary COVID-related LIHTC relief.

Dec. 10 Webinar – Ready to Respond: Disaster Planning for Multifamily Affordable Housing Organizations

November 25, 2020 | General News

Enterprise Community Partners (Enterprise), HUD, Fannie Mae, and Bellwether Enterprise are holding a webinar from 1:30 – 3 p.m. ET on December 10 to discuss their new Ready to Respond: Business Continuity Toolkit. The toolkit equips multifamily affordable building owners & managers with a plan to address crisis as many housing communities confront risks associated with natural disasters and other risks that affect tenants and business resiliency, such as COVID-19.

General News Category Archives

2021 NH&RA Presenting Sponsor