Community Reinvestment Act Overhaul Published
Federal banking regulators released the final rule reforming the Community Reinvestment Act (CRA), since 1995.
Oct 28, 2023
Affordable Housing News
HUD Updates Fair Market Rents; Makes $113 Million Available in Affordable Housing Vouchers
On August 31, the U.S. Department of Housing and Urban Development (HUD) announced two actions that together will enable more families to rent a healthy, stable home at an affordable cost: publishing Fair Market Rents (FMRs) for Fiscal Year (FY) 2024 and releasing an additional $113 million in Housing Choice Vouchers to public housing agencies to help 9,500 families to meet these growing costs.
AHCIA Legislation Gains Support from Over One-third of Congress
This month, the Affordable Housing Credit Improvement Act of 2023 reached 169 cosponsors in the House, maintaining strong bipartisan support with 84 Republicans and 85 Democrats. The Senate companion legislation has reached 27 cosponsors, with 14 Republicans, 12 Democrats and 1 Independent.
HUD Publishes 2021 Tenant Data for Housing Credit Residents
U.S. Department of Housing and Urban Development’s Office of Policy Development and Research published demographic data on tenants living in Housing Credit properties
Fort Worth Presents Plan to Address Housing Affordability
Fort Worth’s Neighborhood Services presented a 5-year plan to improve neighborhoods and address affordability to the City Council at the first public budget meeting.
TDHCA Awards $87.7 million in Housing Credits to 54 Properties
The Texas Department of Housing and Community Affairs (TDHCA) awarded $87.7 million in housing tax awards in July. See Award List.
NLIHC Releases the 2023 Out of Reach Report
The National Low Income Housing Coalition recently released its annual Out of Reach Report. Out of Reach documents the significant gap between renters’ wages and the cost of rental housing across the United States. The report’s central statistic, the Housing Wage,...
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