News Release Governor Greg Abbott has appointed Leslie Bingham, Anna Maria Farías, Ernest Richards, and Carl Pankratz to the Joint Interim Committee to Study Land Banks. The Governor has designated Leslie Bingham as the committee’s presiding officer. Their terms of...
Palladium USA closed financing and is under construction on Embree Eastside in Garland with 75% of units set aside for low-income residents.
The relief announced by the IRS includes extended compliance deadlines, as well as a number of temporary waivers and alterations.
The City of Austin’s Community Acquisition Program, a part of Project Connect’s Anti-Displacement initiatives, provides zero-percent interest forgivable and non-forgivable loans to eligible non-profit organizations for the acquisition of property that increases the supply of affordable housing.
The 2021 Picture of Preservation is a joint report by the Public and Affordable housing and Research Corporation and the National Low Income Housing Coalition focusing on the challenge of preserving the federally assisted housing stock in the face of the national affordability crisis and chronic underfunding for housing programs.
On December 1, the Internal Revenue Service (IRS) issued Revenue Ruling 2021-20 and Revenue Procedure 2021-43 providing guidance to address ambiguities related to the application of the Housing Credit 4 percent minimum rate for bond-financed buildings.
On Friday, November 19, 2021, The House of Representatives passed the Build Back Better (BBB) Act that included a $150 billion investment in affordable housing. The bill includes $12 billion to expand the Low-Income Tax Credit and $6 billion for a new initiative, the Neighborhood Homes Investment Act.
San Antonio’s Housing Bond Committee unanimously approved the spending plan for its $150 million housing bond to fund affordable housing projects and programs. The City Council will review the plan next month and finalize the ballot language in February. The bond ballot will go before voters in May.
The Urban Land Institute (ULI) has awarded New Hope Housing and Star of Hope’s Cornerstone Community with its annual ULI Award for Excellence: The Americas. The 47-acre Cornerstone Community campus includes the Star of Hope Women & Family Development Center and New Hope Housing Reed’s 187 fully-furnished, affordable apartment homes.
Palladium USA closed its fourth affordable Multifamily Development for 2021 with the closing in June of its $55 Million Palladium Simpson Stuart Apartments located at 3440 Simpson Stuart Road in Dallas, Texas.
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