Affordable Housing News Blog
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
The NRP Group Promotes Debra Guerrero to Senior Vice President of Strategic Partnerships and Government Relations
The NRP Group, the vertically-integrated, best-in-class developer, builder and manager of multifamily housing, today announced that TAAHP Past President Debra Guerrero has been promoted to the position of Senior Vice President of Strategic Partnerships and Government Relations, reporting to Kenneth W. Outcalt, Principal and national Head of Development at The NRP Group.
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...
Study: Expanding the Supply of Affordable Housing for Low-Wage Workers
Rising income inequality, combined with high housing costs, and a shortage of affordable rental housing across the nation and particularly in large metropolitan regions, has been creating a significant financial burden for growing numbers of working families, especially those of low-income workers. And the COVID-19 pandemic and related shutdowns and layoffs have exacerbated this problem.
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.
NHP Foundation awarded $1.5M annual allocation of 9% credits from TDHCA
The NHP Foundation (“NHPF”), has received $1.5M annual allocation of 9% credits from the Texas Department of Housing and Community Affairs to construct 149 units of permanent supportive affordable housing in Houston’s Midtown neighborhood. The NHP Foundation (“NHPF”),...
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 take place on Sept. 4. According to the CDC, the measure to...
TAAHP asks Texas Supreme Court to Clarify Eviction Moratorium Language
TAAHP firmly believes in keeping people in their homes whenever possible. The eviction process is both arduous and costly and is only pursued when absolutely necessary after all other intervention measures have been exhausted. However, eviction moratoriums do not...
HUD Publishes Fair Market Rents for Fiscal Year 2021
Section 8(c)(1) of the United States Housing Act of 1937 (USHA), as amended by the Housing Opportunities Through Modernization Act of 2016 (HOTMA), requires the Secretary to publish FMRs not less than annually, adjusted to be effective on October 1 of each federal...
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