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.
Affordable housing shortage on the horizon in Houston
From Community Impact Members of the Houston Apartment Association were told by local economist Steve Spillette, president of Community Development Strategies, that with the trouble in the oil and gas industry is facing, he expects an affordable housing shortage in...
How and Why Communities Benefit from Affordable Housing
In a recent Forbes.com article, author Richard Burns aptly outlines the benefits for both investors and the community.
2020 Competitive (9%) Housing Tax Credit Application Cycle Open
Information about the Housing Tax Credit Pre-application and Pre-application fees is included in the 2020 Multifamily Programs Procedures Manual.
Report Predicts 2020 Census Could Undercount Millions of Blacks and Hispanics
Undercounts can have a significant impact on states and communities, because government funding allocations are often based on population estimates from the U.S. Census.
TDHCA Releases Final 2019 Competitive (9%) HTC Award List
The Texas Department of Housing and Community Affairs (TDHCA) Multifamily Finance Division has posted the final 2019 Competitive HTC Awards List
2020 Census Results Will Have Substantial Impact on Affordable Housing Program Allocations for Texas
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.
End of the year tax package leaves out AHCIA
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.”
Shackelford Law Firm hires three attorneys for affordable housing team
From PR.com Dallas, TX, December 19, 2019 --(PR.com)-- Dallas-based law firm Shackelford, Bowen, McKinley & Norton, LLP, has added three attorneys to its affordable housing team. Donald Cunningham, Jr. will head up their new Baton Rouge, Louisiana office. Kara...
AMTEX closes financing and starts construction on 225 apartments for seniors in Austin
AMTEX Multi-Housing, LLC, closed financing and started construction on Limestone Ridge Apartments in Austin, an affordable housing community for seniors.
Franklin Development among affordable housing developers to receive approval from San Antonio City Council
TAAHP member Franklin Development received approval for its planned affordable housing development at 3830 Parkdale in the Medical Center area of San Antonio.
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