General News

Dear TCAC stakeholders, Sunday (1/6/2019) will be my last day as TCAC Executive Director. I want to thank Treasurer Chiang for the amazing opportunity to serve in this position for the last four years. It has been both an honor and a source of personal growth for me, and it has allowed me to make […]

The California Department of Housing and Community Development released an updated list of California cities and counties subject to streamlined ministerial approval process. Under SB 35, which was signed into law in 2017, cities and counties that are not meeting their housing needs must expedite approvals for certain new housing projects in jurisdictions.

The Minneapolis City Council voted 12-1 to endorse Minneapolis 2040 – The City’s Comprehensive Plan, with 22 policy recommendations, each with action steps, that are specific to housing.

At the Dec. 13 meeting, the Board of Directors of the Florida Housing Finance Corporation (Florida Housing) approved a portfolio preservation action plan.

HUD’s 2018 Annual Homeless Assessment Report to Congress found that 552,830 persons experienced homelessness on a single night in 2018, an increase of 0.3 percent since last year. The report did note significant declines among veterans as well as families with children experiencing homelessness with a 5.4 percent and 2.7 percent nationwide decline over 2017, respectively.

The 2019-2020 Qualified Allocation Plan approved by the Virginia Housing Development Authority is now available.

The New Hampshire Housing Finance Authority (NHHFA) recently issued its Income Averaging (IA) policy. Both four and nine percent Low Income Housing Tax Credit projects are eligible to select IA as a minimum set-aside.

The city of Miami has released a list of the first round of projects to be funded by the $400 million Miami Forever General Obligation bond.

A new note from Peter Lawrence with Novogradac and Co. analyses state use of the private activity bonds (PABs). In 2017, eleven states reported no multifamily PAB issuance, up from ten in 2016 and down from the high of 30 in 2011.

NH&RA member firm Dominium recently published three articles on income averaging. The first article dispels the myth that there is an income averaging ‘cliff’ when one unit on the property goes out of compliance. Rather, 40 percent of units must serve households that on average make 60 percent of the area median income.

Politico convened a group of 14 bipartisan business leaders, thinkers and policymakers to explore barriers to opportunity in America. Three of their nine recommendations focus on housing:  prioritize internet connectivity, ease zoning restrictions in some cities and rethink housing rehabilitation policies in other cities.

Housing was on the ballot in many communities last week.  Below are links to some notable highlights from around the country: San Francisco voters approved a tax on big business to fund permanent housing, emergency shelters and mental health services for the city’s homeless people. Economists said it would raise $250 million to $300 million.  Portland-area […]