General News
FHLBank Pittsburgh Announces Affordable Housing Resources Available in 2022
The Federal Home Loan Bank of Pittsburgh’s Affordable Housing Program (AHP) will open June 28, with approximately $7 million available.
CHP Releases 2022 California Affordable Housing Needs Report
Key findings from the California Housing Partnership’s annual Affordable Housing Needs Report include:
Indiana Enacts State LIHTC
Indiana Governor Eric Holcomb (R) signed into law an omnibus tax law that creates a State LIHTC for fiscal years after June 30, 2023. S.B. 382 creates an Indiana LIHTC available to recipients of Federal four percent LIHTCs that can be taken over five years and carried forward up to nine years. The Indiana credit will be for up to 100 percent of the federal credits issued to the property.
New Jersey’s Proposed Budget Includes $300 Million for Affordable Housing
Governor Phil Murphy (D) released New Jersey’s proposed budget, which includes $300 million in American Rescue Plan Act funds for the Affordable Housing Production Fund to create 3,300 new affordable homes.
Baltimore Regional Project PBV RFP
The Baltimore Metropolitan Council (BMC) seeks qualified and experienced developers to apply for affordable housing subsidies for new construction, substantial rehabilitation or existing housing through the Baltimore Regional Project-Based Voucher (PBV) Program.
California HCD Schedules More than $4.5 Billion in Housing Funding in 2022
The California Department of Housing and Community Development (HCD) has released its 2022 Notice of Funding Availability (NOFA) calendar.
Cook County Property Tax Relief Program Webinars – March 1 & 8
The Cook County Assessor’s Office announced dates for its upcoming informational webinars about a new affordable housing property tax incentive.
Report Quantifies a Decade of Housing Production Under New Yorks 421-a
A new report from the NYU Furman Center provides a detailed picture of the housing produced under the contentious 421-a tax exemption, including how trends shifted when the program was last reauthorized.
Initial Analysis of New York State’s Housing Stability and Tenant Protection Act
HUD’s most recent “In Depth” article highlights a New York state ordinance that expands protections for renters.
California Updates 2022 LIHTC Application
The California Tax Credit Allocation Committee updated its 2022 application and attachments to Excel.
Mayor Eric Adams Announces Housing Leaders
New York City Mayor Eric Adams announced his housing leadership team. He named Jessica Katz the chief housing officer at City Hall.
Standard Transitions Market Rate Units to Middle-Income Housing in Hawthorne, CA
Standard Communities announced that it led a public-private partnership that acquired Millennium South Bay Apartments, a 230-unit community in Hawthorne, CA, utilizing California’s innovative public-private partnership structure designed to facilitate the creation of middle-income housing.