Pandemic Household Spending Strategies
The Joint Center for Housing Studies of Harvard Study: Renters tapped a range of financial resources to make rent even in the face of income lost due to the pandemic.
Feb 10, 2022
Latest News
Austin’s Mayor seeks $500 Million Bond to build Affordable Housing
Austin Mayor Steve Adler city to borrow $500 billion through a bond to build more affordable housing in the city. He plans to put the measure on the November 2022 ballot.
David A. Northern Sr. to take helm at Houston Housing Authority
Houston Housing Authority announces that David A. Northern Sr. was hired as president and CEO and begins in late February 2022.
New Report Shows a Surging Rental Market, Starkly Divided by Race and Renter Incomes
– Rental housing demand came roaring back in the second year of the pandemic, reducing vacancy rates and driving up rents, according to America’s Rental Housing 2022, a new report released by the Harvard Joint Center for Housing Studies. The report indicates that some of the rental rebound reflects the lack of inventory in the for-sale market, which has kept many higher-income renters from buying homes. At the same time, however, many lower-income households, and especially lower-income households of color, still struggle to pay the rent.
City of Austin seeks volunteers to join committee tasked with guiding affordable housing investments in Austin
The City of Austin seeks applicants interested in guiding affordable housing investments in Austin to join the Housing Investment Review Committee (HIRC). Applications are due by February 1st.
Biden Nominates Sandra L Thompson to Lead Federal Housing Financing Agency
President Joe Biden announced his intent to nominate Sandra L. Thompson to serve as the Director of the Federal Housing Finance Agency (FHFA).
Governor Abbott Appoints Four to Joint Interim Committee to Study Land Banks
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...
IRS Extends COVID-19 Relief for Low-Income Housing
The relief announced by the IRS includes extended compliance deadlines, as well as a number of temporary waivers and alterations.
Austin City Council passes new land use policies intended to remove barriers to affordable housing development
On December 9, 2021, the Austin City Council and Mayor Steve Adler met for their last regular meeting of the year to vote on resolutions that could help address the affordable housing issues the city is facing. Since 2018, the city has attempted to rewrite multiple times the land development code to encourage more dense development.
IRS Releases Guidance on Minimum 4 Percent Housing Credit Rate
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.
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