On July 5, HUD released a notice in the Federal Register extending the compliance date for implementing the National Standards for the Physical Inspection of Real Estate (NSPIRE) to October 1, 2025. This extension applies to several key programs, including Housing...
On August 15, HUD announced a significant policy change that will impact Low-Income Housing Tax Credit (LIHTC) projects participating in Federal Housing Administration (FHA) Multifamily rental and Risk Share programs. Starting January 1, 2025, LIHTC project owners...
In a landmark development for Houston’s Third Ward, the Houston Housing Authority (HHA) and the City of Houston have been awarded a $50 million Choice Neighborhoods Implementation Grant from the U.S. Department of Housing and Urban Development (HUD). Announced on...
The Federal Housing Finance Agency (FHFA) has unveiled new tenant protections for properties financed by Fannie Mae and Freddie Mac, starting February 28, 2025. These protections include a five-day grace period for rent payments, and a 30-day written notice...
On August 1, the U.S. Senate voted 48-44 against advancing the Tax Relief for American Families and Workers Act (H.R. 7024), effectively halting progress on the bill. This legislation, which had passed the House with broad bipartisan support earlier this year,...
The U.S. Department of Housing and Urban Development (HUD) has published its final rule for Federal Flood Risk Management Standard (FFRMS), effective May 23, 2024, amending 24 CFR Part 55, Floodplain Management and Protection of Wetlands. To learn more about...
As part of the 2024 Competitive (9%) Housing Tax Credit (HTC) cycle, TDHCA's Multifamily Finance division has posted a Tentative 2024 9% HTC Award and Waiting List on the Department's website at https://www.tdhca.texas.gov/competitive-9-housing-tax-credits. This...
On July 9, 2024, President Biden declared that a major disaster exists in the State of Texas, and ordered federal assistance to supplement state and local efforts in the areas affected by Hurricane Beryl that began on July 5, 2024. Revenue Procedure 2014-49...
On July 9, 2024, President Biden declared that a major disaster exists in the State of Texas, and ordered federal assistance to supplement state and local efforts in the areas affected by Hurricane Beryl that began on July 5, 2024. FEMA has now designated multiple...
The U.S. Department of Housing and Urban Development (HUD) published a Federal Flood Risk Management Standard (FFRMS) final rule in the Federal Register its new regulations governing floodplain management and the protection of wetlands to implement the Federal...
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