ICAST’s IRA & BIL Instant Benefit Estimate Calculator is now available on NH&RA’s website under the Resources section.
Former Arizona Department of Housing (ADOH) staff member Dirk Swift has been named Executive Director of the Arizona Finance Authority (AFA). The AFA is a one-stop shop for financing, supporting businesses and communities’ infrastructure needs. Several bodies authorized to issue bonds are located within the AFA, including the Arizona Industrial Development Authority (AzIDA), Water Infrastructure […]
WASHINGTON–Sept. 20, 2018–Combined tax-exempt private activity bond (PAB) issuance for multifamily and single-family housing set a record in 2017, according to a report issued today by the Council of Development Finance Agencies (CDFA).
Kentucky Housing Corporation (KHC) has updated its 2019 – 2020 Multifamily Program Guidelines to state that the developer fee on Tax-Exempt Bond projects may not exceed 20 percent of the total development cost, minus the following deductions: Developer fee Consultant fee Any fees resembling developer or consultant fees Acquisition costs (related-party transfers only) KHC has […]
Through this NOFA, KHC is making available a combined total of $14.2 million of KHC’s Equity Bridge Loan (EBL), HOME Investment Partnerships Program (HOME), Affordable Housing Trust Fund (AHTF), and National Housing Trust Fund (NHTF) funds.
The amount requested is not limited. However, proposals will be reviewed for cost reasonableness, the need for gap funding, and other underwriting and subsidy layering criteria. The application deadline is October 17.
The joint application allows a single application to be submitted to both CDLAC and TCAC simultaneously through CDLAC’s online application webpage.
The adjustment leaves per-capita amounts unchanged for LIHTCs and PABs. However, the LIHTC small state minimum was reduced by $5,000 while the small state minimum for PABs was reduced by $665,000.
Earlier this week, several news agencies reported on a leaked infrastructure plan from the White House. One of President Trump’s campaign promises was to create a program to invest $1 trillion in infrastructure over ten years. Housing advocates may be disappointed to learn that affordable housing is not specifically mentioned in the leaked document. However, […]
Novogradac & Company has expanded its recent analysis of the currently drafted H.R. 1, the Tax Cuts and Jobs Act, which would reduce the future supply of affordable rental housing by nearly 1 million rental homes, a loss of as much as two-thirds current affordable rental housing production. That significant reduction in housing production would also […]
A new analysis conducted by the law firm Norris George & Ostrow, PLLC and shared with a number of Senators and Congressional Representatives finds that the elimination of Private Activity Bonds (PABs) proposed in HR 1 would reduce affordable housing production by as much as 75,000 units per year or about 60% of the nation’s annual affordable housing production.
The House Ways and Means Committee has released the full text of its Tax Cuts and Jobs Act. The Committee plans to begin markup on the proposed legislation on November 6, with plans for a House floor vote sometime in mid-November. Several changes within the code would drastically change the landscape of affordable housing and community development.
The Tennessee Housing Development Agency has published a memo regarding its remaining $26,900,000 of uncommitted Multifamily Bond Volume Cap. THDA will be accepting applications for this remaining balance for one day only, on Friday, November 3, 2017. Click here to learn more.