Texas legislature releases interim charges related to affordable housing
The Texas legislature releases many interim charges related to affordable housing for 88th legislative session.
Apr 14, 2022
Affordable Housing News
TAAHP signs letter urging Congress to amend COVID State & Local Recovery Fund to preserve LIHTC Housing
On April 12, TAAHP signed on to the letter sent to Congress by NCHSA and signed by 82 organizations representing state and local government officials and Housing Credit industry participants. The letter urged congressional leaders to amend the underlying statute of the Coronavirus State and Local Fiscal Recovery Fund (SLFRF) to facilitate its use with the Low-Income Housing Tax Credit (Housing Credit) program so that states and local governments may use these funds to build and preserve desperately needed affordable rental housing.
Biden Increases HUD Budget by $11.7 Billion in 2023 FY Proposed Budget
The 2023 President's Budget requests $71.9 billion for HUD, approximately $11.6 billion more than the 2022 annualized continuing resolution (CR) level. The Budget outlines an ambitious agenda to address challenges our nation faces, ranging from climate change to housing discrimination to racial equity in homeownership and rental housing, to ending homelessness.
U.S. House Committee Holds Hearing on Promoting Economic Prosperity and Fair Growth through Access to Affordable and Stable Housing
On Tuesday, March 1, 2022, Congressman Jim Himes (CT-04), Chairman of the U.S. House Select Committee on Economic Disparity and Fairness in Growth, held a hybrid hearing examining the role stable and affordable housing plays in creating paths to economic security and enabling every American to pursue their American Dream.
FHFA Announces More than $1.1 Billion for Affordable Housing Programs
FHFA announced that the Housing Trust Fund and Capital Magnet Fund will receive a total of $1.138 billion for affordable housing initiatives.
HUD Reminds Multifamily Owners Provided with Utility Allowances They Must Adjust Allowances Amid Rising Utility Costs
Owners of Multifamily-assisted properties for which HUD provides a utility allowance are reminded they are required to adjust their properties’ utility allowances.
Austin’s Mayor seeks $500 Million Bond to build Affordable Housing
Austin Mayor Steve Adler city to borrow $500 billion through a bond to build more affordable housing in the city. He plans to put the measure on the November 2022 ballot.
TDHCA Posts Final 2022 State of Texas Low Income Housing Plan and Annual Report
TDHCA released the 2022 State of Texas Low-Income Housing Plan and Annual Report (SLIHP) during the December 9th board meeting.
FHFA Finalizes 2022-2024 Single-Family and 2022 Multifamily Housing Goals for Fannie Mae and Freddie Mac
The Federal Housing Finance Agency (FHFA) issued a final rule for Fannie Mae and Freddie Mac (the Enterprises) that establishes the benchmark levels for each of the single-family housing goals and subgoals for 2022 through 2024 and establishes the benchmark...
Treasury Issues Final Rule for Fiscal Recovery Fund Program
Treasury Issues Final Rule for Fiscal Recovery Fund Program. The interim rule established strict limits on income and geographic targeting of SLFRF funds unless recipients demonstrated the specific impacts of the pandemic on certain households and communities.
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