The Affordable Housing Tax Credit Coalition (AHTCC), a TAAHP industry partner, is closely following implementation of the federal Public Welfare Investment (PWI) cap increase, which raised the limit from 15% to 20%. The increase was a key priority in the 21st...
Sens. Ruben Gallego (D-AZ) and Mike Rounds (R-SD) have introduced the Affordable Housing Credit Carryback Act (S. 5366), a Senate companion to legislation previously introduced in the House by Reps. Mike Carey (R-OH) and Jimmy Panetta (D-CA). The legislation would...
On August 12, the Office of the Comptroller of the Currency (OCC) and the Federal Deposit Insurance Corporation (FDIC) issued a proposed rule in the Federal Register outlining changes to regulations implementing the Community Reinvestment Act (CRA). The Federal...
Recent reports that a Texas-based public housing authority acquired affordable housing properties outside of Texas through an affiliated nonprofit organization underscore the importance of transparency and accountability in preserving public trust. Under Texas law,...
On August 8, the Senate passed a bipartisan continuing resolution (CR) extending funding for federal programs and services through December 11. The legislation also delays implementation of new Office of Management and Budget (OMB) grant making requirements...
On July 14, TDHCA staff released the draft of the 2027 Qualified Allocation Plan (QAP), which establishes the rules that will govern tax credit awards. It is essential for stakeholders to evaluate the proposed changes before they are finalized. This year’s draft...
Now that the 21st Century ROAD to Housing Act has been enacted, attention has turned to the proposed Workforce Housing Tax Credit Act (H.R. 8626 / S. 3436). Introduced by Representative Jimmy Panetta (D-CA-19) and Senator Jerry Moran (R-KS), the bill would...
The Federal Housing Finance Agency (FHFA) has begun to consider an amendment to the Enterprises Duty to Serve Underserved Markets. The Federal National Mortgage Association and the Federal Home Loan Mortgage Corporation (aka Fannie Mae and Freddie Mac respectively...
On June 24th, Houston City Councilmembers approved an agreement amending Texas Reinvestment Zone Number 2 (the Midtown zone) to link county funding with Midtown TIRZ structures, setting aside one-third of those funds for affordable housing. Crucially, general funds...
The Office of the Comptroller of the Currency and the Federal Deposit Insurance Corporation announced a new proposed rule for the Community Reinvestment Act (CRA). The CRA requires the agencies to assess a bank’s record of meeting the credit needs of its entire...
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