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.
FHFA Simplifies Process to Receive FHLBank Funding for Affordable Housing
The Federal Housing Finance Agency released an Advisory Bulletin responding to concerns from affordable housing sponsors that procedures for obtaining subsidies from the Federal Home Loan Banks are too burdensome 10/31/2024 Washington, D.C. – The Federal Housing...
IRS Increases LIHTC and Bond Volume Caps for 2025
On October 22, The Internal Revenue Service announced an increase in the low-income housing tax credit (LIHTC) and private-activity bond volume caps for 2025. LIHTC Per-Capita Multiplier Reaches $3 For the First Time In its announcement, the IRS confirmed that the...
USDA Seeks Applications for Funding to Help Preserve and Improve Affordable Rental Housing in Rural Communities
The U.S. Department of Agriculture (USDA) is inviting applications for loans, grants, and debt deferrals to enhance affordable rental housing for low-income residents and farmworkers in rural communities. Funding is available through the Multifamily Housing...
HUD Announces Over $15 Million to Combat Youth Homelessness in Texas
HUD recently announced the allocation of $15.4 million to combat youth homelessness, particularly for those transitioning out of foster care. Through the Foster Youth to Independence (FYI) program, this funding aims to prevent homelessness among young adults aged 18...
HUD Launches Update to Multifamily Asset Management Handbook, Seeks Public Input
HUD has initiated a comprehensive update to the Multifamily Asset Management and Project Servicing Handbook, the first significant revision since 1992. The updated handbook will incorporate hundreds of policy documents in one location with enhanced digital features...
HUD Awards Texas $25 Million to Combat Lead Hazards
HUD recently announced over $420 million in funding to eliminate lead hazards in homes across 32 states, including four significant grants in Texas totaling $25 million: Fort Worth: $5.7 million Houston: $7.75 million San Antonio: $5.75 million Harris County: $5.75...
HUD Announces New Actions to Improve its Handbook for the Management of Multifamily Affordable Homes
Process kicks off the first set of comprehensive updates to the Handbook since 1992 and will provide HUD-assisted property owners and managers with comprehensive guidance to better meet the needs of renters across America. WASHINGTON – The U.S. Department of Housing...
A Turning Point for Texas Housing: Comptroller’s Housing Affordability Report Opens Doors for Action
The Comptroller’s report reveals a severe housing affordability crisis, exacerbated by rapid population growth and insufficient housing construction.
HUD Publishes Designations for DDAs and QCTs for 2025
The U.S. Department of Housing and Urban Development (HUD) published new designations for Difficult Development Areas (DDAs) and Qualified Census Tracts (QCTs). The new DDAs and QCTs will apply to Housing Credit allocations starting January 1, 2025. These...
HUD Announces $100 Million for PRO Housing Program’s Second Round
On August 13, HUD announced the availability of $100 million in funding for the second round of its Pathways to Removing Obstacles to Housing (PRO Housing) program. This program provides grants to communities that have demonstrated significant progress in addressing...
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