Fannie Mae and Freddie Mac’s 2025-2027 plans include targeted efforts to expand affordable multifamily housing opportunities in underserved markets, particularly in rural areas. The plans outline initiatives to enhance liquidity for affordable housing preservation,...
On November 18, the IRS allocated $452,467 in unused Housing Credit carryovers to Texas as part of the 2024 reallocation of $3.75 million to 29 states. This allocation, outlined in Revenue Procedure 2024-41, helps address the ongoing demand for affordable housing...
On November 7, the Texas Senate’s Local Government Committee convened to discuss one of the state’s most pressing issues—rising housing costs. The meeting marked the committee’s final session on housing affordability before the 2025 legislative session begins. With...
Source: Insurance Information Institute, October 2024 Affordable Housing Providers Have Bigger Struggle Absorbing Insurance Cost Surges Affordable housing providers are struggling more than market-rate multifamily property owners with property insurance cost...
As Texas grapples with rapid population growth, the state's affordable housing crisis deepens. A recent analysis by Novogradac reveals a significant barrier: Texas’ allocation of Low-Income Housing Tax Credits (LIHTC) is far below what is needed to meet the growing...
The Federal Housing Finance Agency released an Advisory Bulletin responding to concerns from affordable housing sponsors that procedures for obtaining subsidies from the Federal Home Loan Banks are too burdensome 10/31/2024 Washington, D.C. – The Federal Housing...
On October 22, The Internal Revenue Service announced an increase in the low-income housing tax credit (LIHTC) and private-activity bond volume caps for 2025. LIHTC Per-Capita Multiplier Reaches $3 For the First Time In its announcement, the IRS confirmed that the...
On September 24, the IRS announced Revenue Procedure 2024-38, which will exclude all military service-related disability benefits from income calculations when determining veterans' eligibility for Housing Credit properties. This change addresses concerns that...
The U.S. Department of Agriculture (USDA) is inviting applications for loans, grants, and debt deferrals to enhance affordable rental housing for low-income residents and farmworkers in rural communities. Funding is available through the Multifamily Housing...
The Texas Department of Housing and Community Affairs (TDHCA) is seeking public input on the draft Second Amendment to the HOME-ARP Allocation Plan, which now totals $133,478,052. This updated amount reflects a reduction of $3,808,153 due to a federal allocation...
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