Latest News in Affordable Housing
DISCLAIMER: The Texas Affiliation of Affordable Housing Providers (TAAHP) posts informational resources that may impact or be useful to its members. The views, positions, and opinions expressed in news articles, research studies, or other resources are those of the authors and do not necessarily reflect the official policy or position of TAAHP or its employees. Views are subject to change at any time.
Federal Reserve Board Seeks Public Comment on CRA Reform
The Federal Reserve Board on Monday, Sept 21, 2020 issued an Advance Notice of Proposed Rulemaking (ANPR) that invites public comment on an approach to modernize the regulations that implement the Community Reinvestment Act (CRA) by strengthening, clarifying, and tailoring them to reflect the current banking landscape and better meet the core purpose of the CRA.
TDHCA Compliance Division hosts virtual roundtable on Utility Allowances
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
Freddie Mac: New Research Shows Affordable Housing Shortage Persists
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...
TDHCA announces six-month extension to the placed-in-service deadline for 2018 9% housing tax credit developments
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.
CDC Issues Rental Eviction Moratorium Through Dec. 31
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 take place on Sept. 4. According to the CDC, the measure to...
TAAHP asks Texas Supreme Court to Clarify Eviction Moratorium Language
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...
HUD Publishes Fair Market Rents for Fiscal Year 2021
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...
HUD to resume physical inspections
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...
HUD Publishes CARES Act Guidance for CDBG Program
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.
Hunt Capital Partners Invests in Texas Senior Development by Saigebrook
Hunt Capital Partners, in collaboration with Saigebrook Development, LLC, announced the closing of $12.9 million in federal low-income housing tax credit (LIHTC) equity financing for the new construction of Everly Plaza. Located in Fort Worth, Texas, the mixed-use...
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