General News

The Illinois state legislate passed the COVID-19 Affordable Housing Grant Program Act (HR 27252), which would require that LIHTC properties in Cook County be assessed using the income-approach, as well as a new property tax incentive policy that would provide reduction in assessed value for both subsidized and market-rate owners that provide affordable units. The omnibus legislation also extends the Illinois State LIHTC through 2026. A full summary of the bill’s provisions is available here from the Illinois Housing Council.  

The California state assembly passed the Housing Accountability Act (AB 989), which would create a state Housing Accountability Committee to adjudicate violations of the Housing Accountability Act and give the committee the authority to overturn denials or conditions of approval that are not consistent with the Act. This provides a quicker, less expensive, less confrontational and more consistent alternative to enforcing state housing laws in court, resulting in more affordable homes built at lower cost.  

ISSUE DATE: June 7, 2021 RESPONSE DEADLINE: June 28, 2021, 5:00 PM Eastern Time CONTRACT TO BEGIN: August 1, 2021 The Indiana Housing and Community Development Authority (“IHCDA”) is requesting proposals to select a market study analyst to review market studies submitted to IHCDA and conduct third-party market studies on behalf of IHCDA, on an […]

The administration says it will launch an interagency effort to address inequity in home appraisals and publish next week in the Federal Register a proposed rule on countering housing practices with discriminatory effects and an interim proposed rule on HUD’s Affirmatively Furthering Fair Housing.

Multifamily assisted households are eligible to enroll in the Emergency Broadband Benefit (EBB), a Federal Communications Commission subsidy program to help families and households struggling to afford internet service during the COVID-19 pandemic.

HUD re-released the 1997-2013 historical American Housing Survey (AHS) public use files and associated codebook.

Minnesota’s Metropolitan Council announced another year of record funding levels. A total of $8 million was approved for the Local Housing Incentives Account (LHIA). These dollars will be available in the multifamily deferred pool of financing in the 2021 Consolidated RFP.

The California Tax Credit Allocation Committee (TCAC) is seeking comments on its proposed compliance fine schedule.

Florida Housing released its state report on the High Needs High Cost Pilot. In 2014 Florida Housing awarded $10 million through a competitive application process to three nonprofit developers to develop permanent supportive housing properties in Duval, Miami-Dade and Pinellas counties. Studies around the nation show that cost savings to public systems, particularly crisis services, occur when high utilizers of these services are provided with supportive housing.

The Tennessee Housing Development Agency announced Josie Kotsioris as its new director of the Multifamily Programs Division.

Gov. Gavin Newsom (D) issued his 2021 May Revision for the California budget with a number of provisions.

Applications for the Atlanta Federal Home Loan Bank’s Affordable Housing Program (AHP) General Fund are being accepted through 11:59 p.m. ET on June 4.