News
Freddie Mac Publishes White Papers on Rural Affordable Housing in Appalachia & Indian Country
Freddie Mac has published two new white papers titled, “Spotlight on Underserved Markets: LIHTC in Rural Middle Appalachia” and “Spotlight on Underserved Markets: LIHTC in Indian Areas.” In the first paper, Freddie Mac explores Middle Appalachia’s multifamily housing market with a special focus on the primary means of developing affordable housing in undeserved markets: the […]
Rutgers / NPS Releases Latest Editions of Historic Tax Credit Report
In Fiscal Year (FY) 2017, 1,035 completed historic rehabilitation projects were certified by the NPS, representing $5.82 billion in estimated rehabilitation costs that qualify for the 20% Federal tax credit, according to the Annual Report on the Economic Impact of the Federal Historic Tax Credit in 2017. The report was published through cooperative agreement with […]
Enterprise & Frameworks Institute Release Reports On Building Public Support for Affordable Housing
Enterprise, in partnership with the FrameWorks Institute, has released a pair of reports that outline an effective language strategy to build public support for affordable housing. “Finding a Frame for Affordable Housing” is an evidence-based approach to countering NIMBYism and public misperception in debates about affordable housing. The companion paper,“Piecing it Together,” takes these findings and translates them […]
IRS Issues Opportunity Zone Proposed Regulations
On Friday, October 19 the Internal Revenue Service (IRS) issued several critical documents relating to the Opportunity Zone Incentive. This includes:
NCSHA Announces New Board of Directors
The National Council of State Housing Agencies (NCSHA) held its 2018 Board election on October 14 in Austin during the association’s 48th Annual Conference & Showplace. Voted on by the member state housing finance agencies (HFAs), NCSHA’s newly-elected Board officers are: President: Tia Boatman Patterson | California Housing Finance Agency Vice President: Scott Spivey | […]
NLIHC Publishes Report on Year 30 LIHTC Properties
The National Low Income Housing Coalition and the Public and Affordable Housing Research Corporation have published the new report “Balancing Priorities: Preservation and Neighborhood Opportunity in the Low-Income Housing Tax Credit Program Beyond Year 30.” The report looks at preservation challenges relating to LIHTC properties as they reach the end of their initial use restrictions. […]
Senator Heller Introduces Senior Affordable Housing Tax Credit Act
On October 12, U.S. Senator Dean Heller (R-NV) introduced the Seniors Affordable Housing Tax Credit Act (S. 3580), legislation he authored to incentivize housing owners and developers to rent to low-income seniors. Heller’s proposed legislation would create a tax credit program that allocates credits to states, which, in turn, would be awarded to owners and developers […]
NYU Furman Center and Abt Associates Launch New Housing Policy Tool
The NYU Furman Center and Abt Associates launched LocalHousingSolutions.org, an online, interactive tool to help communities develop local strategies that promote housing affordability. A growing number of communities across the country are struggling with problems tied to high housing costs, including rising homelessness, fear of displacement among longtime residents, and growing numbers of households unable […]
Enterprise Publishes New White Paper on Gentrification
Enterprise has published a new whitepaper entitled Gentrification: Framing Our Perceptions, which summarizes several approaches used in recent studies of gentrification and details the complications these create for identifying where it occurs. It describes how different definitions can lead to different findings about the consequences of gentrification, and how these inconsistencies affect policy making.
Senate Committee To Hold Oversight Hearing on GSE Pilot Programs
The Senate Committee On Banking, Housing and Urban Affairs will meet in on October 18 to conduct a hearing entitled “Oversight of Pilot Programs at Fannie Mae and Freddie Mac.” The witnesses will be: Ms. Sandra Thompson, Deputy Director, Division of Housing Mission and Goals, Federal Housing Finance Agency; Mr. Timothy J. Mayopoulos, Chief Executive Officer, […]
IRS Publishes Early Release Draft of HTC Form; Clarifies Credit to Be Claimed at 4 Percent Per Year for Five Years
The Internal Revenue Services (IRS) has issued an updated Draft Form 3468 and Draft Instructions for the 2018 tax year. This is the form that taxpayers must submit in order to claim the federal historic tax credit, as well as several other investment and energy credits. Notably, the form answers a significant question coming out of tax-reform — […]
AHIC Updates LIHTC Underwriting Guidelines
The Affordable Housing Investors Council (AHIC) has published updated Underwriting Guidelines for its members. The Guidelines are designed to be used as an outline for an underwriting process and for investment documents for proprietary, multi-investor, and direct investments in low-income housing tax credits (LIHTC). They examine how to analyze the financial strength and expertise of […]