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

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.

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TDHCA announces six-month extension to the placed-in-service deadline for 2018 9% housing tax credit developments

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.

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HUD to resume physical inspections

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...

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HUD Publishes CARES Act Guidance for CDBG Program

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.

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