From Affordable Housing Finance The funds with Cinnaire, OCCH, and MHEG will aim to bring capital to rural areas. Fannie Mae is committing up to $145 million in three low-income housing tax credit (LIHTC) funds that will focus on underserved rural markets. The...
The U.S. Department of the Treasury (Treasury) has released proposed regulatory guidance on Opportunity Zones. These long awaited proposed regulations will help investors and local governments determine the types of developments eligible for Opportunity Funds...
National Association of Home Builders and its Multifamily Housing Council releases study showing regulation costs of multifamily projects exceeds 32% nationwide posted 09/15/2018 Regulation imposed by all levels of government accounts for an average of 32.1 percent...
Unlike most states, Texas essentially gives state legislators veto power over affordable housing in their districts. Now that law is being used to derail low-income senior housing. Long before Joan Hawn moved to Oak Bluff Village in Columbus, a Colorado River town...
Agencies Should Not Require Local Letters of Support Says New NCSHA Report of Recommended Practices for LIHTC Administration Agencies Should Also Avoid Prioritizing Requirements for Local Financial Contributions On December 28th, the National Council of State...
Today Governor Abbott signed the 2018 Texas Qualified Allocation Plan (QAP). The final version differs from the staff draft in a few ways. Changes can be found on pages 4 (calendar), 27 (points for commitment to closing by specified deadline in counties declared...
TAAHP's board President K. Nicole Asarch authored an op-ed delving deeper into the reasons why TAAHP is against the elimination of PABs. Nicole's op-ed was published in Tuesday's Houston Chronicle. The House tax reform plan, which will be voted on this week,...
This past legislative session TAAHP educated legislators and stakeholders on the importance of standardizing the appraisal methodology for LIHTC properties. A lot of progress was made and we believe that we have an excellent chance at changing the appraisal system...
The Federal Emergency Management Agency ("FEMA") has expanded the number of counties eligible for Individual Assistance. The counties now include: Aransas, Austin, Bastrop, Bee, Brazoria, Caldwell, Calhoun, Chambers, Colorado, DeWitt, Fayette, Fort Bend, Galveston,...
and Uniform Multifamily Rules for public comment have been posted to the Texas Department of Housing and Community Affairs' ("TDHCA") website. The documents can be found in the TDHCA Public Comment Center at: http://www.tdhca.state.tx.us/public-comment.htm under...
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