Mar 18, 2024
Affordable Housing News
TDHCA posts Property for Sale: Qualified Contract for Huffman Hollow Apartments
Huffman Hollow Apartments is being made available for purchase to any prospective buyers who will maintain the low-income provisions on the property and subject to TDHCA's ownership transfer review and approval. Pursuant to Internal Revenue Code (IRC) Section 42(h)(6)(F), the QC price has been calculated at $7,886,014.
Biden Mandates Affordable Housing Investment in Proposed FY25 Budget
Explore the Biden-Harris Administration's budget proposals for affordable housing investment. Learn how these initiatives aim to support low-income renters.
New Report Highlights the Importance of Small Multifamily Properties
A recent report published by the Terner Center for Housing Innovation, “Ownership and Management of Small Multifamily Rental Properties,” sheds light on an essential but under-studied segment of the rental market.
Adrianne Todman Named acting HUD Secretary after Marcia Fudge Announces Resignation
On March 11, HUD Secretary Marcia L. Fudge announced her retirement. Fudge did not give a specific reason why she is leaving President Biden's cabinet, did add that she was leaving with “mixed emotions.” Fudge was picked by President Biden in 2021 to lead the...
FHFA Announces $301 Million for Housing Trust Fund and Capital Magnet Fund, a 45% decrease from last year
FHFA announced that the Housing Trust Fund and Capital Magnet Fund will receive approximately $301 million for affordable housing initiatives from Fannie Mae and Freddie Mac (the Enterprises). This is a 45 percent decrease from last year's $545 million allocation.
HUD and VA Award $14 Million to Help Homeless Veterans Find Permanent Housing
In an effort to help homeless veterans and their families find permanent housing, The U.S. Department of Housing and Urban Development (HUD) and the U.S. Department of Veterans Affairs (VA) awarded $14 million in HUD-Veterans Affairs Supportive Housing (HUD-VASH) vouchers to 66 Public Housing Agencies (PHAs) across the country for over 1,400 vouchers.
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