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.
New Hope Housing Opens Dale Carnegie Affordable Housing Development in Houston
To help vulnerable individuals rebuild their lives after the destruction caused by Hurricane Harvey and COVID-19, New Hope Housing Dale Carnegie has opened to people living on limited incomes. The state’s leader in providing permanent, affordable supportive housing...
TDHCA posts updated HOME forms
HUD 2021 Fair Market Rents are effective October 1, 2020. TDHCA HOME Program staff have updated the Household Income Certification (HIC), TBRA TTP Worksheet, and SFD Loan Analysis form to reflect the changes. The updated forms can be found at...
HUD seeks stakeholder feedback on National Standards for the Physical Inspection of Real Estate (NSPIRE) protocol
The U. S. Department of Housing and Urban Development (HUD) is soliciting feedback on version 1.3 of the National Standards for the Physical Inspection of Real Estate (NSPIRE) protocol. NSPIRE is intended to replace the Uniform Physical Condition Standards (UPCS) once...
CRA issues advanced notice of proposed rule making
On September 21st, members of the Federal Reserve Board voted to issue an advanced notice of proposed rule making to solicit public input on modernizing and strengthening the Community Reinvestment Act (CRA) regulatory and supervisory framework. Specifically, the...
Governor Abbott Announces Funding For Rental Assistance, Texas Eviction Diversion Program
Governor Greg Abbott announced the allocation of over $171 million in funding from the Coronavirus Aid, Relief, and Economic Security (CARES) Act which will primarily be used for targeted rental assistance for Texans at risk of becoming homeless due to eviction.
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 took place on Sept. 4. According to the CDC, the measure to...
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