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...
Dallas voters have taken a significant step towards combating the housing affordability crisis by endorsing a groundbreaking bond election, allocating $82 million to bolster the city's affordable housing inventory and address homelessness head-on. The bond, part of...
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