General News
NCSHA Appoints Stockton Williams Executive Director
Williams currently serves at the Urban Land Institute as Executive Vice President of Content and Executive Director of the Terwilliger Center for Housing. His appointment is effective April 2.
Webinars Available for CORES and Fannie Mae Enhanced Resident Services Initiative
Presented by Stewards of Affordable Housing for the Future (SAHF) and Fannie Mae Enhanced Resident Services is the next stage of Fannie Mae’s Healthy Housing Rewards initiative, which aims to advance the development of sustainable communities and the availability of affordable housing by encouraging affordable multifamily borrowers to implement healthy design features and resident services […]
HUD Publishes Small Area FMR Implementation Guidance
January 17, 2018, HUD published notice PIH 2018-01 (HA) providing instructions on implementing Small Area FMRs as well as other changes to FMRs, payment standards, and rent reasonableness analyses that apply to all PHAs with the Housing Choice Voucher (HCV) program. Small Area FMRs are FMRs that are calculated at the zip code level instead of […]
Leaked White House Infrastructure Document Proposes Changes to Private Activity Bonds
Earlier this week, several news agencies reported on a leaked infrastructure plan from the White House. One of President Trump’s campaign promises was to create a program to invest $1 trillion in infrastructure over ten years. Housing advocates may be disappointed to learn that affordable housing is not specifically mentioned in the leaked document. However, […]
Robinson+Cole Releases 2018 Green Tax Incentive Compendium
Robinson+Cole’s Jerome Garciano has released the January 2018 version of his green tax incentive compendium, which includes recent changes from the 2017 Tax Cut and Jobs Act. This volume presents certain federal and state tax incentives promoting the renewable energy and energy efficiency industries. Each section outlines the basic features and regulatory requirements for a […]
NCSHA Publishes Final Recommended Best Practices in Housing Credit Administration
The report is significant in that states will generally respond to the best practices through policy changes in their QAPs.
NCSHA Names Garth Rieman Interim Executive Director
Former executive director Barbara J. Thompson stepped down on December 31 after 30 years with NCSHA, serving the last 16 years in the role of executive director.
FHFA Publishes Fannie and Freddie Duty to Serve Plans for 2018-2020
Fannie Mae plans to purchase 269 loans secured by LIHTC properties during the two-year period while also making five LIHTC equity investments in 2019. Freddie Mac plans on making nine LIHTC equity investments during 2018-2020 serving high-needs rural regions.
Energy Efficiency For All Releases Best Practices for Reaching Multifamily Projects
The guide identifies 12 best practices for policymakers, regulators, and program administrators to help building owners invest to increase the energy efficiency of multifamily affordable housing.
HUD Launches New Section 8(bb) Preservation Tool
If a PBRA HAP contract is terminated or expires and is not renewed, HUD is authorized to transfer any remaining budget authority to either a new or an existing PBRA HAP contract to provide assistance to eligible families. HUD provides a list of potential properties which are eligible for an 8(bb) transfer, which will be useful to owners who are interested in transferring their PBRA budget authority.
Bipartisan Policy Institute Issues Report on Positive Health Outcomes from LIHTC
A new report published by the Bipartisan Policy Institute, finds that properties financed through the LIHTC have contributed to social, economic, and educational benefits for communities and families, as well as helped reduce homelessness.
Fannie Mae and Freddie Mac to Re-enter LIHTC Market
FHFA made the announcement on November 16 that Fannie Mae and Freddie Mac are reentering the LIHTC market as equity investors in a limited role, effective immediately.