Affordable Housing News Blog
Study: For Many Renters, Owning Home Not Possible
The Kinder Institute’s inaugural State of Housing in Harris County and Houston report provides a consistent and accessible baseline of information about housing-related issues to all Houstonians. This report will be updated annually to track shifts in how the housing...
2020 Competitive (9%) Housing Tax Credit Cycle Posting
Earlier today, the Texas Department of Housing and Community Affairs (TDHCA) posted to its website a list of 2020 Competitive (9%) Housing Tax Credit Applications that are eligible for an award of tax credits for the 2020 program year. If you have an appealable...
SHELTER ACT introduced to House to alleviate affordable housing need
Congresswoman Eddie Bernice Johnson (TX-30), alongside Representatives Jared Huffman (CA-02) and Alcee L. Hastings (FL-20) introduced the COVID-19 Serving the Homeless Act by expanding the list of Tenant Eligible Residences Act of 2020, or COVID-19 SHELTER Act of...
Treasury accepting applications for 2020 funding round of the Capital Magnet Fund
The Community Development Financial Institutions (CDFI) Fund has begun accepting applications for this year’s funding round of the Capital Magnet Fund (CMF). The CMF provides grants to HFAs and CDFIs, among others to support the development, rehabilitation, and...
HUD allocates remaining $2.96 billion for homeless populations
HUD announced the allocation of $2.96 billion in Emergency Solutions Grants (ESG) for those who are homeless or at risk of becoming homeless due to job loss, wage reduction, or illness related to COVID-19. This allocation is part of the $4 billion Congress provided...
Runoff Elections Scheduled for July 14th. Early voting begins June 29th
Primary runoff elections and special elections for Texas House and Senate seats will be held July 14th, and early voting begins June 29th. General elections are set to take place on November 3rd. Upcoming Texas Senate Runoff ElectionsRep Roland GutierrezXotchil Pena...
Report: Risk Threatening Affordable Housing Preservation
NLIHC and the Public and Affordable Housing Research Corporation (PAHRC) released a new report, 2020 Picture of Preservation, that explores the pivotal role the federal government plays in building and preserving affordable rental homes at a time when millions of people in America are facing housing instability during the coronavirus pandemic. This report highlights the need for additional resources to protect the affordability of these homes; nearly 300,000 may be lost from the nation’s affordable stock in the next five years.
OCC Issues Final Rule on Community Reinvestment Act
The Office of the Comptroller of the Currency (OCC) released a final rule related to the agency’s regulations under the Community Reinvestment Act (CRA). The final rule clarifies and expands the banking activities that qualify for positive consideration, updates how banks delineate the assessment areas in which they are evaluated, provides additional methods for evaluating CRA performance and requires timely and transparent reporting.
Analyzing the Impact of Lowering the 50% Test for 4% Tax-Exempt Bond-Financed Properties
This week, NCSHA published a report showing how lowering the “financed-by” threshold — commonly referred to as the 50 percent test — for bond-financed Housing Credit projects would impact available Private Activity Bond cap and could increase multifamily affordable housing production.
SBA and Treasury Release Paycheck Protection Program Loan Forgiveness Application
The form and instructions inform borrowers how to apply for forgiveness of their PPP loans, consistent with the Coronavirus Aid, Relief, and Economic Security Act (CARES Act). SBA will also soon issue regulations and guidance to further assist borrowers as they complete their applications, and to provide lenders with guidance on their responsibilities.
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