The Compliance Division of the Texas Department of Housing and Community Affairs will host a virtual roundtable on various utility allowance topics, such as common challenges and potential solutions, on October 13, 2020
Affordable Housing Shortage persists with less than 10% of rental units are affordable to renter households earning 50% of median renter income (MRI), according to new research released by Freddie Mac (OTCQB: FMCC) Multifamily. Building on last year’s “Diminishing...
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.
The U.S. Centers for Disease Control and Prevention (CDC) has issued a nationwide order that will halt millions of U.S. renters from being evicted through Dec. 31, 2020. The eviction moratorium will took place on Sept. 4. According to the CDC, the measure to...
TAAHP firmly believes in keeping people in their homes whenever possible. The eviction process is both arduous and costly and is only pursued when absolutely necessary after all other intervention measures have been exhausted. However, eviction moratoriums do not...
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...
The U.S Department of Housing and Urban Development (HUD) announced on August 7th that the Department would resume Real Estate Assessment Center (REAC) inspections of HUD multifamily and public housing properties and units. The Department had halted inspection in...
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.
The Compliance Division of the Texas Department of Housing and Community Affairs (TDHCA) has posted updated guidance to the Department's website related to COVID-19. The updated guidance can be found at https://www.tdhca.state.tx.us/pmcomp/manuals-rules-htc.htm....
On June 29, the House of Representatives passed H.JRes.90, a Congressional Review Act resolution to reverse the Office of the Comptroller of the Currency’s (OCC) final rule on the Community Reinvestment Act.
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