On August 14, HUD published the Fair Market Rents (FMRs) for Fiscal Year 2025, which will take effect on October 1, 2024. Fair Market Rents (FMRs) are an estimate of the amount of money that would cover gross rents (rent and utility expenses) on 40 percent of the...
HUD Announces Policy Changes to Benefit Veterans with Service-Connected Disabilities On August 8, HUD introduced significant updates to the HUD-Veterans Affairs Supportive Housing (HUD-VASH) program aimed at increasing housing access for veterans receiving...
On July 5, HUD released a notice in the Federal Register extending the compliance date for implementing the National Standards for the Physical Inspection of Real Estate (NSPIRE) to October 1, 2025. This extension applies to several key programs, including Housing...
On August 15, HUD announced a significant policy change that will impact Low-Income Housing Tax Credit (LIHTC) projects participating in Federal Housing Administration (FHA) Multifamily rental and Risk Share programs. Starting January 1, 2025, LIHTC project owners...
In a landmark development for Houston’s Third Ward, the Houston Housing Authority (HHA) and the City of Houston have been awarded a $50 million Choice Neighborhoods Implementation Grant from the U.S. Department of Housing and Urban Development (HUD). Announced on...
On August 1, the U.S. Senate voted 48-44 against advancing the Tax Relief for American Families and Workers Act (H.R. 7024), effectively halting progress on the bill. This legislation, which had passed the House with broad bipartisan support earlier this year,...
As part of the 2024 Competitive (9%) Housing Tax Credit (HTC) cycle, TDHCA's Multifamily Finance division has posted a Tentative 2024 9% HTC Award and Waiting List on the Department's website at https://www.tdhca.texas.gov/competitive-9-housing-tax-credits. This...
On July 9, 2024, President Biden declared that a major disaster exists in the State of Texas, and ordered federal assistance to supplement state and local efforts in the areas affected by Hurricane Beryl that began on July 5, 2024. Revenue Procedure 2014-49...
The U.S. Department of Housing and Urban Development (HUD) published a Federal Flood Risk Management Standard (FFRMS) final rule in the Federal Register its new regulations governing floodplain management and the protection of wetlands to implement the Federal...
The U.S. Department of Housing and Urban Development (HUD) and the U.S. Department of Agriculture (USDA) announced the adoption of the updated Minimum Energy Standards for new single and multifamily homes. All multifamily developments will have to comply with the...
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