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...
Process kicks off the first set of comprehensive updates to the Handbook since 1992 and will provide HUD-assisted property owners and managers with comprehensive guidance to better meet the needs of renters across America. WASHINGTON – The U.S. Department of...
The Comptroller’s report reveals a severe housing affordability crisis, exacerbated by rapid population growth and insufficient housing construction.
The U.S. Department of Housing and Urban Development (HUD) published new designations for Difficult Development Areas (DDAs) and Qualified Census Tracts (QCTs). The new DDAs and QCTs will apply to Housing Credit allocations starting January 1, 2025. These...
Washington, D.C. – The Federal Housing Finance Agency (FHFA) issued a proposed rule that would establish the housing goals for 2025-2027 that Fannie Mae and Freddie Mac (the Enterprises) would be required to meet on an annual basis. FHFA is requesting comments on...
HUD published guidance that creates new alternative requirements and waivers that enable public housing agencies (PHAs) to better utilize Mainstream Vouchers to help persons with disabilities transition from and avoid institutional settings
The Texas Department of Housing and Community Affairs (TDHCA) Asset Management division would like to remind all Owners and Agents of Housing Tax Credit (HTC) developments that the Land Use Restriction Agreement (LURA) for developments with a 2024 start date must...
On July 25, 2024, the Texas Department of Housing and Community Affairs (TDHCA) Governing Board approved a crucial amendment to the reporting requirements for Public Facility Corporations (PFCs). This update has significant implications for the affordable housing...
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