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.
Today the White House released a Housing Supply Action Plan to “ease the burden of housing costs over time, by boosting the supply of quality housing in every community” to “help close America’s housing supply shortfall in 5 years, starting with the creation and preservation of hundreds of thousands of affordable housing units in the next three years.”
San Antonio voters approve $150 Million for Affordable Housing. Proposition F included $150 million for affordable housing to include $35 million to buy and build rental housing, $45 million to help homeowners repair their homes, $40 million for acquisition and rehabilitation of affordable housing $25 million for supportive housing services and $5 million for home construction.
A 12.5 percent increase in 9 percent allocations enacted in the 2018 omnibus spending bill has expired for the calendar year 2022, causing a decrease nationwide in the 2022 9% population-based LIHTC allocations.
On March 9, ten new members of the House of Representatives signed on as cosponsors to the Affordable Housing Credit Improvement Act.
TAAHP signs letter urging Congress to amend COVID State & Local Recovery Fund to preserve LIHTC Housing
On April 12, TAAHP signed on to the letter sent to Congress by NCHSA and signed by 82 organizations representing state and local government officials and Housing Credit industry participants. The letter urged congressional leaders to amend the underlying statute of the Coronavirus State and Local Fiscal Recovery Fund (SLFRF) to facilitate its use with the Low-Income Housing Tax Credit (Housing Credit) program so that states and local governments may use these funds to build and preserve desperately needed affordable rental housing.
The 2023 President’s Budget requests $71.9 billion for HUD, approximately $11.6 billion more than the 2022 annualized continuing resolution (CR) level. The Budget outlines an ambitious agenda to address challenges our nation faces, ranging from climate change to housing discrimination to racial equity in homeownership and rental housing, to ending homelessness.
According to a recent story in the Austin-American Statesman, San Antonio-based non-profit, Endeavors, is distributing rent relief to low-income residents in dozens of counties across Texas earning at or below 50 percent of their area’s median income who are struggling to pay rent due to the impact of the COVID19 pandemic.
Texas counties will lose a combined $103 million in federal rent assistance funds provided by the U.S. treasury.
FHFA announced that the Housing Trust Fund and Capital Magnet Fund will receive a total of $1.138 billion for affordable housing initiatives.
HUD Reminds Multifamily Owners Provided with Utility Allowances They Must Adjust Allowances Amid Rising Utility Costs
Owners of Multifamily-assisted properties for which HUD provides a utility allowance are reminded they are required to adjust their properties’ utility allowances.