Affordable Housing

NH&RA News

NH&RA Hosts ICAST IRA & BIL Instant Benefit Estimate Calculator

ICAST’s IRA & BIL Instant Benefit Estimate Calculator is now available on NH&RA’s website under the Resources section.

General News

Using Community Income Levels to Help Tenants Get Emergency Rental Assistance

In a new Joint Center for Housing Studies at Harvard University blog post, Sam Gilman makes the case for using community income levels to help tenants get Emergency Rental Assistance. Gilman is the co-founder and COO of the COVID-19 Eviction Defense Project.

congress-capitol

House Committees Mark Up Reconciliation Bills with Major Housing Investments 

The House Financial Services Committee completed their work on Tuesday and sent their portion of the bill to the House floor with a 30-24 party-line vote. The committee voted down all of the amendments offered by Republicans.  

Federal Housing Finance Agency

Fannie, Freddie Each Increase LIHTC Investment by $350 Million; FHA Risk-Share Programs Resume

Last week, the White House released a sweeping set of actions the Biden-Harris administration is taking to increase the supply of affordable housing.

congress-capitol

Senate Passes Bipartisan Infrastructure Bill, Partisan Reconciliation Bill

The Senate voted 69-31 August 10 to pass the bipartisan $1.2 trillion infrastructure package (with $550 billion in new spending), the Infrastructure Investment and Jobs Act (H.R. 3684). All 50 Democrats and 19 Republicans voted in favor of the bill. This legislation does not include any LIHTC provisions, but it does include several housing-adjacent provisions.

NH&RA News

$20.40 Hourly Wage Needed to Afford One-Bedroom

The National Low Income Housing Coalition released its annual “Out of Reach” report for 2021, detailing the gap between the cost of rental housing and tenants’ incomes across the nation. This year’s report reveals the extent to which costs have outpaced wages far before the economic crisis brought on by the COVID-19 pandemic, which has further exacerbated hardships and inequalities for low wage workers disproportionately affecting those who are Black, Brown, Indigenous and/or Latino. Whether the market is in a period of economic growth or downturn, low-wage workers struggle to find affordable homes.  

Member News

JLL Capital Markets Arranges Refinancing

JLL Capital Markets announced that it has arranged financing for Elizabeth Gardens, a 140-unit garden-style workforce housing community located at 8400 NW 25th Ave. in Miami, FL.

NH&RA News

Enroll in the Emergency Broadband Benefit Program

Multifamily assisted households are eligible to enroll in the Emergency Broadband Benefit (EBB), a Federal Communications Commission subsidy program to help families and households struggling to afford internet service during the COVID-19 pandemic.

QAP Maryland

Maryland Posts Workforce Housing Tax Credit FAQs

The Maryland Department of Housing and Community Development (DHCD) is seeking proposals from qualified applicants to request an allocation of the Qualified Workforce Housing Tax Credit.

HUD

HUD Offers Training on URA

HUD is offering an eight-part web-based modular training course for HUD grantees and funding recipients on Uniform Relocation Assistance and Real Property Acquisition (URA) Policies Act of 1970, as amended  requirements for HUD funded projects. Module one provides an overview of the URA.

congress-capitol

Sens. Klobuchar, Portman, Kaine Introduce Bill to Improve Planning to Increase Affordable Housing Supply

Sens. Amy Klobuchar (D-MN), Rob Portman (R-OH) and Tim Kaine (D-VA) introduced the Housing Supply and Affordability Act to create a new $300 million per year grant program to help localities develop and implement comprehensive housing policy plans.

General News

NH&RA Joins Groups Asking for Commerce Dep’t. Review of Lumber Prices

National Housing & Rehabilitation Association joined more than 30 organizations in a letter to Commerce Secretary Gina Raimondo calling for a review and remedies for lumber prices that have nearly tripled in the past year.

NH&RA News

New York Times Article Highlights Pandemic’s Impact on Low-Income Renters

In “Pandemic’s Toll on Housing: Falling Behind, Doubling Up,” the New York Times draws attention to the housing insecurity renters face as a result of the COVID-19 pandemic, even with eviction moratoriums in place.

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