Jan 2, 2020 | Latest News, Newsletter
Every 10 years, the U.S. Census Bureau carries out a constitutionally mandated count, or Census, of the nation’s residents. The U.S. population count is used to determine how much funding local communities and states receive for public services, such as the Housing Tax Credit program (HTC), HOME, and CDBG. Stated by CPPP, “billions of dollars in federal aid depends on the accuracy of the Census, including significant support for health care, housing, transportation, food, and more. Being undercounted by even one percent in 2020 could result in a significant loss in federal funding for Texas – at least $300 million a year.” Additionally, the population count determines how many seats each state gets in Congress and state and local officials use the census counts to draw boundaries for congressional, state legislative, and school districts.
Dec 19, 2019 | Affordable Housing News, Latest News, Newsletter
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.”
Dec 6, 2019 | Newsletter, TDHCA News
HTC Compliance Monitoring Rules In October, TDHCA’s Compliance Division held a roundtable meeting to discuss the proposed amendments to the Compliance Monitoring Rules, 10 TAC Chapter 10, Subchapter F and Subchapter G. The input from stakeholders was incorporated into...
Dec 5, 2019 | Legislative News, Newsletter
Waters Introduces Legislation to Invest in America’s Housing Infrastructure H.R.5187/S.2951: Housing Is Infrastructure Act of 2019 Representative Maxine Waters (D-CA-43) and Senator Kamala Harris (D-CA) filed legislation to provide multi-billion in funding for capital...
Dec 5, 2019 | Legislative News, Newsletter
The 116th U.S. Congress continues to file housing related bills during this congressional session. The need for affordable housing has emerged as a top priority for the Trump administration and many policy makers nationwide. Below is a list of highly relevant bills...
