News
Ohio Enacts $100 Million State LIHTC
Ohio Governor Mike DeWine (R) passed the FY 2024 budget (H.B. 33), which includes a new $100 million per year state LIHTC.
Texas Enacts $25 Million State LIHTC
Texas Governor Greg Abbott (R) recently signed H.B. 1058, which creates a $25 million State LIHTC for up to the amount of Federal LIHTC allocation amount for each property.
North Dakota CDBG Pre-Application
The North Dakota Department of Commerce Division of Community Services (NDDCS) announced the opening of a pre-application period for the CDBG FY2023, which ends on July 27
Wisconsin Enacts Bipartisan Package of Affordable Housing Legislation
Wisconsin Governor Tony Evers (D) signed five bipartisan bills to address the need for more affordable housing options in Wisconsin.
Hawaii Enacts Legislation to Increase Affordable Housing, Reduce Homelessness
Hawaii Governor Josh Green (D) signed ten bills that will expand access to affordable housing and provide much-needed assistance to families and individuals who might be at risk of becoming homeless:
HUD Creates Office of Manufactured Housing Programs within Office of Housing
HUD created a new Office of Manufactured Housing Programs as an independent office within the Federal Housing Administration.
HUD Releases Increasing the Supply of Affordable Housing Tool
HUD announced the Increasing the Supply of Affordable Housing page on the HUD Exchange.
Biden-Harris Administration Promotes Equitable Community Development
Last year, the Biden-Harris administration launched the Interagency Community Investment Committee (ICIC), a coalition of agencies with a focus on aligning federal investments to support economic growth in historically underserved communities and address economic disparities.
FHA Multifamily Mortgages up to $120 Million Now Eligible for Standard Underwriting
The Federal Housing Administration (FHA) published a Mortgagee Letter that increases the threshold at which a multifamily loan is considered a large loan from $75 to $120 million.
Urban Institute Releases Housing Shortage Study
The Urban Institute released a study via the Stories and Data Tools to examine the current housing shortage in the U.S. and how zoning near transit can assist with tackling this issue.
Ranking Member Waters Proposes Billions to Expand Low-Income Housing
Last week, Representative Maxine Waters (D-CA) introduced a package of three bills aimed at tackling the affordable housing crisis, ending homelessness and eliminating the racial wealth and homeownership gaps.
Comments on HUD’s Proposed FMR Calculation Methodology Due July 24
HUD issued a notice with proposed changes to calculate fair market rents (FMRs), including a change in the definition of “recent mover” to include residents who have lived in their current household for 11 months or less and to retain and to expand the use of rent inflation factors calculated by private-sector sources.