News

Ohio Call to Action

The Coalition on Homelessness and Housing in Ohio, as well as the Ohio Housing Council are leading a sign-on letter opposing a budget amendment that would require auditors to value LIHTC properties and other properties receiving federal subsidies to be valued as market-rate properties without regard to governmental use restrictions. 

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IRS Publishes Updated FAQ Document for HTC

The Internal Revenue Service (IRS) published an updated frequently asked questions (FAQ) document concerning the Federal Historic Tax Credit (HTC). The questions addressed what types of entities can claim the HTC, how and when the HTC can be claimed on a tax return key program definitions, qualified rehabilitation expenditures, basis and several other key aspects surrounding HTC.

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HUD Partially Reinstitutes Obama-Era AFFH Rule

HUD published an interim final rule, which partially restores the Affirmatively Furthering Fair Housing (AFFH) rules promulgated under President Barack Obama (D). The rule requires HUD grantees (PHAs, as well as state and local governments) to  regularly certify compliance with the Fair Housing Act’s AFFH requirement and, in doing so, commit to taking steps to remedy their unique fair housing issues. 

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St. Paul PHA Project-Based Vouchers

The St. Paul Public Housing Authority (PHA) is offering up to 50 Project-based Vouchers through the Consolidated RFP with an additional 20 Project-based Vouchers specifically for HUD – Veteran Affairs Supportive Housing (HUD-VASH). Applications will be accepted through Minnesota Housing’s Multifamily Customer Portal. Applications are due by noon on July 15. For information on Project-based Vouchers, please visit the St. Paul PHA website or contact Dominic Mitchell, St. Paul PHA Housing Choice Voucher Programs Director at 651-292-6191 or dominic.mitchell@stpha.org.

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Illinois Requires Use of Income-Approach in LIHTC Assessments in Cook County, Extends State LIHTC through 2026

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.  

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California Assembly Passes Bill Creating State Appeals Committee for Affordable Housing

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.  

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USDA Seeks Applications for Placemaking Grants

The U.S. Department of Agriculture (USDA) is accepting applications for eligible entities to provide planning, training and technical assistance to rural communities to foster placemaking activities. 

USDA is making up to $3 million in cooperative agreement grants available under the Rural Placemaking Innovation Challenge (RPIC). Eligible entities may use the funds to help rural communities create plans to enhance capacity for broadband access; preserve cultural and historic structures; and support development in transportation, housing and recreational spaces. 

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