Source: Insurance Information Institute, October 2024 Affordable Housing Providers Have Bigger Struggle Absorbing Insurance Cost Surges Affordable housing providers are struggling more than market-rate multifamily property owners with property insurance cost...
As Texas grapples with rapid population growth, the state's affordable housing crisis deepens. A recent analysis by Novogradac reveals a significant barrier: Texas’ allocation of Low-Income Housing Tax Credits (LIHTC) is far below what is needed to meet the growing...
The Federal Housing Finance Agency released an Advisory Bulletin responding to concerns from affordable housing sponsors that procedures for obtaining subsidies from the Federal Home Loan Banks are too burdensome 10/31/2024 Washington, D.C. – The Federal Housing...
On October 22, The Internal Revenue Service announced an increase in the low-income housing tax credit (LIHTC) and private-activity bond volume caps for 2025. LIHTC Per-Capita Multiplier Reaches $3 For the First Time In its announcement, the IRS confirmed that the...
The U.S. Department of Agriculture (USDA) is inviting applications for loans, grants, and debt deferrals to enhance affordable rental housing for low-income residents and farmworkers in rural communities. Funding is available through the Multifamily Housing...
HUD recently announced the allocation of $15.4 million to combat youth homelessness, particularly for those transitioning out of foster care. Through the Foster Youth to Independence (FYI) program, this funding aims to prevent homelessness among young adults aged...
HUD has initiated a comprehensive update to the Multifamily Asset Management and Project Servicing Handbook, the first significant revision since 1992. The updated handbook will incorporate hundreds of policy documents in one location with enhanced digital features...
HUD recently announced over $420 million in funding to eliminate lead hazards in homes across 32 states, including four significant grants in Texas totaling $25 million: Fort Worth: $5.7 million Houston: $7.75 million San Antonio: $5.75 million Harris County: $5.75...
Process kicks off the first set of comprehensive updates to the Handbook since 1992 and will provide HUD-assisted property owners and managers with comprehensive guidance to better meet the needs of renters across America. WASHINGTON – The U.S. Department of...
The Comptroller’s report reveals a severe housing affordability crisis, exacerbated by rapid population growth and insufficient housing construction.
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