News
Supreme Court Hears Oral Arguments on Fair Housing Case
The United States Supreme Court recently heard oral arguments related to Texas Department of Housing and Community Development (TDHCA) vs. Inclusive Communities Project (ICP), a case that is examining whether or not disparate impact is “cognizable” under the Fair Housing Act.
R4 Capital Raises $447 Million, Expands Portfolio in 2014
R4 Capital, a national affordable housing tax-credit syndicator and asset manager, raised $447 million and closed on $386 million of Low-Income Housing Tax Credit (LIHTC) equity and added 32 properties to its portfolio in 2014.
HUD Announces FY’14 CNI Planning Grants
HUD recently announced the FY 2014 Choice Neighborhood Planning Grant awardees. HUD is awarding $3.2 million in Choice Neighborhood Planning Grants.
HUD Releases New Report: Whom Does LIHTC Serve?
In a recent report Understanding Whom the LIHTC Program Serves, HUD examines several years of demographic and economic data on LIHTC tenants provided by state housing finance agencies through an annual data collection process mandated by HERA.
HUD Clarifies Tenant Protections for Projects with HUD-Assistance / LIHTC
HUD recently released new guidance regarding tenant protections for households when owners use both HUD-assistance (eg. Project-Based Section 8, Section 236, Section 202) and Low-Income Housing Tax Credits (LIHTC) financing.
California Treasurer Appoints New Executive Directors to Support Major Housing Effort
California State Treasurer John Chiang appointed two new executive directors to key state housing programs as he launches a larger effort to address the state’s growing affordable housing crisis.
Valuing the Financial Benefits of Energy Efficiency in the Multifamily Sector
This paper focuses on how efficiency upgrades affect the financial performance of multifamily buildings. It also provides a replicable methodology for similar research to be carried out on Elevate Energy’s growing portfolio as well as other multifamily buildings nation-wide. Increasing the energy efficiency of multifamily buildings not only helps owners improve building operation, but also […]
HUD Proposes to Align Requirements for Certain Programs
HUD recently issued a Notice in Federal Register seeking to streamline requirements across the public housing and Section 8 (tenant- and project-based) portfolios.
UPDATE: HUD Releases Guidance on How Davis-Bacon Applies to Existing Housing
On December 23, 2014, HUD released a Notice detailing and clarifying its enforcement policy with respect to application of Davis-Bacon Wage and the second component of the RAD program.
Green Tax Incentive Compendium: Federal and State Tax Incentives for Renewable Energy and Energy Efficiency
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 tax program which provides financial incentives for clean technology development through renewable energy and energy efficiency projects. Download
Affordable Housing Executive Appointed to Head MA Housing Department
Affordable housing development executive Chrystal Kornegay will be the new chief of the Massachusetts Department of Housing and Community Development. She succeeds Aaron Gornstein, who served in former Governor Duval Patrick’s administration.
Jones Walker Expands Affordable Housing Practice with Addition of Housing Veteran Brian Lawlor
Jones Walker announced in January that Brian E. Lawlor, former New Orleans and New York housing official, joined the firm’s affordable housing team as special counsel in the New York and New Orleans offices.