Palladium closed its second 2020 9% low-income housing tax credit Multifamily Development for 2021 in February with the closing of Palladium Fain Street at 1069 Kings Highway in Fort Worth. This is a four-story, 90-unit mixed-income multifamily development with 81 units set aside for those earning between 30% – 60% of area median income with 10% of the units at market rate.
FTK Construction Services, LLC, awarded contract for the rehabilitation of Bridgeview Village Apartments in Charleston, SC.
The Affordable Housing Credit Improvement Act, which seeks to expand the Low Income Housing Tax Credit Program, has been reintroduced in Congress this session as S. 1136 and H.R. 2573. The changes proposed in this legislation are estimated to increase the supply of affordable housing by over 2 million units over 2 years.
The U.S. Department of Housing and Urban Development (HUD) announced the allocation of $689,565,492.92 through the nation’s Housing Trust Fund (HTF) for affordable housing. See how much Texas will receive.
A revised 2021 9% HTC Award Limits and Estimated Regional Allocation has been posted
A revised version of the preliminary 2021 9% HTC Application Submission Log has been posted