Affordable Housing News

State and Local Fiscal Recovery Fund

U.S. Senate Introduces Bipartisan LIFELINE Act

Senators Patrick Leahy (D-Vt.), Susan Collins (R-Maine), Ron Wyden (D-Ore.) Michael Bennet (D-Colo.), Catherine Cortez Masto (D-Nev.), Angus King (I-Maine), Maggie Hassan (D-N.H.), Alex Padilla (D-Calif.), Jack Reed (D-R.I), Bernie Sanders (I-Vt.) and Sheldon Whitehouse (D-R.I.) on Thursday introduced the bipartisan S. 4181 LIFELINE Act (LIHTC Financing Enabling Long-term Investment in Neighborhood Excellence), to improve the use of state and local and Fiscal Recovery Plan Funds with the nation’s largest affordable housing funding mechanism, the Low-Income Housing Tax Credit (LIHTC).

Housing Supply

Biden Calls for Expanding Housing Credit in Housing Supply Action Plan

Today the White House released a Housing Supply Action Plan to "ease the burden of housing costs over time, by boosting the supply of quality housing in every community" to "help close America’s housing supply shortfall in 5 years, starting with the creation and preservation of hundreds of thousands of affordable housing units in the next three years."

San Antonio Affordable Housing Bond

San Antonio voters approve $150 Million for Affordable Housing

San Antonio voters approve $150 Million for Affordable Housing. Proposition F included $150 million for affordable housing to include $35 million to buy and build rental housing, $45 million to help homeowners repair their homes, $40 million for acquisition and rehabilitation of affordable housing $25 million for supportive housing services and $5 million for home construction.

health and housing

Experts see link between health and housing

Housing is the foundation of living a healthy life. Research studies have demonstrated that when individuals and families live in safe, decent, stable housing, it has a significant impact on improving their health outcomes and helps to reduce healthcare costs. Therefore, a healthy home should be both affordable and designed, constructed, rehabilitated, and maintained to support the health and safety of its occupants. 

State and Local Fiscal Recovery Fund

TAAHP signs letter urging Congress to amend COVID State & Local Recovery Fund to preserve LIHTC Housing

On April 12, TAAHP signed on to the letter sent to Congress by NCHSA and signed by 82 organizations representing state and local government officials and Housing Credit industry participants. The letter urged congressional leaders to amend the underlying statute of the Coronavirus State and Local Fiscal Recovery Fund (SLFRF) to facilitate its use with the Low-Income Housing Tax Credit (Housing Credit) program so that states and local governments may use these funds to build and preserve desperately needed affordable rental housing.

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