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.
David A. Northern Sr. to take helm at Houston Housing Authority
Houston Housing Authority announces that David A. Northern Sr. was hired as president and CEO and begins in late February 2022.
New Report Shows a Surging Rental Market, Starkly Divided by Race and Renter Incomes
– Rental housing demand came roaring back in the second year of the pandemic, reducing vacancy rates and driving up rents, according to America’s Rental Housing 2022, a new report released by the Harvard Joint Center for Housing Studies. The report indicates that some of the rental rebound reflects the lack of inventory in the for-sale market, which has kept many higher-income renters from buying homes. At the same time, however, many lower-income households, and especially lower-income households of color, still struggle to pay the rent.
City of Austin seeks volunteers to join committee tasked with guiding affordable housing investments in Austin
The City of Austin seeks applicants interested in guiding affordable housing investments in Austin to join the Housing Investment Review Committee (HIRC). Applications are due by February 1st.
Biden Nominates Sandra L Thompson to Lead Federal Housing Financing Agency
President Joe Biden announced his intent to nominate Sandra L. Thompson to serve as the Director of the Federal Housing Finance Agency (FHFA).
Governor Abbott Appoints Four to Joint Interim Committee to Study Land Banks
News Release Governor Greg Abbott has appointed Leslie Bingham, Anna Maria Farías, Ernest Richards, and Carl Pankratz to the Joint Interim Committee to Study Land Banks. The Governor has designated Leslie Bingham as the committee’s presiding officer. Their terms of...
IRS Extends COVID-19 Relief for Low-Income Housing
The relief announced by the IRS includes extended compliance deadlines, as well as a number of temporary waivers and alterations.
Austin City Council passes new land use policies intended to remove barriers to affordable housing development
On December 9, 2021, the Austin City Council and Mayor Steve Adler met for their last regular meeting of the year to vote on resolutions that could help address the affordable housing issues the city is facing. Since 2018, the city has attempted to rewrite multiple times the land development code to encourage more dense development.
IRS Releases Guidance on Minimum 4 Percent Housing Credit Rate
On December 1, the Internal Revenue Service (IRS) issued Revenue Ruling 2021-20 and Revenue Procedure 2021-43 providing guidance to address ambiguities related to the application of the Housing Credit 4 percent minimum rate for bond-financed buildings.
Senate Finance Committee releases its Build Back Better Reconciliation Bill
On Friday, November 19, 2021, The House of Representatives passed the Build Back Better (BBB) Act that included a $150 billion investment in affordable housing. The bill includes $12 billion to expand the Low-Income Tax Credit and $6 billion for a new initiative, the Neighborhood Homes Investment Act.
San Antonio’s Housing Bond Committee approves spending plan for the $150 million affordable housing bond
San Antonio’s Housing Bond Committee unanimously approved the spending plan for its $150 million housing bond to fund affordable housing projects and programs. The City Council will review the plan next month and finalize the ballot language in February. The bond ballot will go before voters in May.
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