Affordable Housing News Archives

TDHCA announces six-month extension to the placed-in-service deadline for 2018 9% housing tax credit developments

The Texas Department of Housing and Community Affairs (TDHCA) seeks to notify owners and agents of all 2018 9% housing tax credit developments that, under the authority provided by Revenue Procedure 2014-49 and due to the major disaster declaration resulting from the COVID-19 pandemic, the deadline to place in service each building has been extended by six months, going from December 31, 2020, to June 30, 2021.

Sep 4, 2020

HUD Publishes Fair Market Rents for Fiscal Year 2021

Section 8(c)(1) of the United States Housing Act of 1937 (USHA), as amended by the Housing Opportunities Through Modernization Act of 2016 (HOTMA), requires the Secretary to publish FMRs not less than annually, adjusted to be effective on October 1 of each federal...

Aug 17, 2020

HUD publishes new final rule to replace Affirmatively Furthering Fair Housing rule

HUD published Preserving Community and Neighborhood Choice, which will replace the 2015 Affirmatively Furthering Fair Housing (AFFH) rule and the 1994 Analysis and impediments (AI) requirements. The new rule states that a HUD grantee’s AFFH certification “will be...

Aug 13, 2020

HUD Publishes CARES Act Guidance for CDBG Program

On August 10, HUD published a Notice providing guidance on program rules, waivers, and alternative requirements allowed in accordance with the Coronavirus Aid, Relief, and Economic Security (CARES) Act for the $5 billion in supplemental Community Development Block Grant funding Congress provided to help states and localities respond to the coronavirus pandemic (CDBG-CV). The Notice also provides flexibility and relief for annual formula CDBG grants for fiscal years 2019 and 2020, so that grantees may use regular CDBG resources for those years as part of their coronavirus response.

Aug 11, 2020

KeyBank arranges $43.8 million in financing for The Reserves at San Marcos

KeyBank Real Estate Capital arranged a construction loan and permanent financing for the development of affordable housing at The Reserves at San Marcos.

Jul 6, 2020

San Antonio Housing Authority Plans to Break Ground on Downtown Affordable Housing this Summer

The San Antonio Housing Authority (SAHA) is breaking ground this summer on a 200-unit affordable housing community in downtown San Antonio — a rare opportunity. While SAHA has owned the land since 1994, it was previously used as a storage site.

Apr 7, 2020

Saigebrook Development Celebrates Grand Opening of Aria Grand Apartments

From Community Impact Aria Grand Apartments, a 70-unit affordable housing complex at 1800 S. I-35, Austin, celebrated its grand opening Jan. 22. The affordable housing community built by O-SDA Industries and Saigebrook Development provides tenants programs to...

Feb 17, 2020

Survey: 68% of Austinites Say More Affordable Housing is Needed

The City of Austin's community survey found that 68 percent of Austin residents believe more affordable housing is needed.

Feb 13, 2020

Texans Spending Too Much on Housing

Texans say they are spending too much on housing. New statewide poll results released found nearly half of Texas adults say it is difficult for them to find affordable housing in the area where they live, and a similar share believe they spend too much of their income on housing. The independent poll was conducted by the Texas Lyceum, the 40-year-old nonprofit, nonpartisan leadership organization.

Feb 10, 2020

Report: Over 1.7 Million Texas Households Housing are Cost-Burdened

In Texas the report shows that the number of households that were moderately or severely housing cost burdened has grown from 1.3 million in 2008 to over 1.7 million by 2018.

Jan 31, 2020

Affordable Housing News

TDHCA announces six-month extension to the placed-in-service deadline for 2018 9% housing tax credit developments

HUD Publishes Fair Market Rents for Fiscal Year 2021

HUD Publishes CARES Act Guidance for CDBG Program

KeyBank arranges $43.8 million in financing for The Reserves at San Marcos

San Antonio Housing Authority Plans to Break Ground on Downtown Affordable Housing this Summer

Saigebrook Development Celebrates Grand Opening of Aria Grand Apartments

Survey: 68% of Austinites Say More Affordable Housing is Needed

Texans Spending Too Much on Housing

Report: Over 1.7 Million Texas Households Housing are Cost-Burdened

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