TDHCA Releases Final 2019 Competitive (9%) HTC Award List
The Texas Department of Housing and Community Affairs (TDHCA) Multifamily Finance Division has posted the final 2019 Competitive HTC Awards List
Jan 2, 2020
Latest News
End of the year tax package leaves out AHCIA
On December 16, 2019, congressional leaders released the end of the year tax package, Taxpayer Certainty and Disaster Tax Relief Act of 2019. This bill includes federal tax breaks for brewers, distillers, churches with parking lots, and some wind energy producers. However, last minute objections ended the possibility of any housing credit provisions from being incorporated – specifically the Affordable Housing Credit Improvement Act - to reduce the scope of the bill in order to deliver a “skinny package.”
Shackelford Law Firm hires three attorneys for affordable housing team
From PR.com Dallas, TX, December 19, 2019 --(PR.com)-- Dallas-based law firm Shackelford, Bowen, McKinley & Norton, LLP, has added three attorneys to its affordable housing team. Donald Cunningham, Jr. will head up their new Baton Rouge, Louisiana office. Kara...
Treasury and IRS Issue Final Regulations on Opportunity Zones
The U.S. Treasury Department and the IRS issued final regulations implementing the Opportunity Zones tax incentive. Opportunity Zones, created by the Tax Cuts and Jobs Act, offer capital gains tax relief for investments in economically distressed areas....
AMTEX closes financing and starts construction on 225 apartments for seniors in Austin
AMTEX Multi-Housing, LLC, closed financing and started construction on Limestone Ridge Apartments in Austin, an affordable housing community for seniors.
Franklin Development among affordable housing developers to receive approval from San Antonio City Council
TAAHP member Franklin Development received approval for its planned affordable housing development at 3830 Parkdale in the Medical Center area of San Antonio.
Brownstone Affordable Housing receives $12.4 million loan approval for South Rice Apartments in Houston
TAAHP member Brownstone Affordable Housing gets approval for a $12.4 million loan to build its South Rice Apartments — and affordable housing apartment community in Houston.
Austin City Council debates affordable housing rules in new land development code
The Austin City Council debates affordable housing rules in its proposed new land development code — focusing on measures that would increase the supply of affordable housing within the city's limits.
Texas Capital Bank Investing in Affordable Housing in Austin
CBS Austin News is reporting that TAAHP member Texas Capital Bank is the first bank to invest in Affordable Central Texas' vision to buy existing local apartment communities with the goal of keeping the rents affordable.
The NRP Group Gets Zoning Approval for Affordable Housing in McKinney
From Community Impact The City of McKinney approved a rezoning request by TAAHP member The NRP Group to build affordable housing near the southeast corner of Collin McKinney Parkway and Craig Drive. The NRP Group is planning for a 206-unit affordable housing...
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