This policy brief summarizes the conclusions of several reviews and critiques of the growing body of research on whether subsidized affordable housing for low- to moderate-income residents causes nearby property values to decline. It also highlights some of the most recent work in this area carried out by researchers.
From Community Impact Members of the Houston Apartment Association were told by local economist Steve Spillette, president of Community Development Strategies, that with the trouble in the oil and gas industry is facing, he expects an affordable housing shortage in...
In a recent Forbes.com article, author Richard Burns aptly outlines the benefits for both investors and the community.
Information about the Housing Tax Credit Pre-application and Pre-application fees is included in the 2020 Multifamily Programs Procedures Manual.
Undercounts can have a significant impact on states and communities, because government funding allocations are often based on population estimates from the U.S. Census.
The Texas Department of Housing and Community Affairs (TDHCA) Multifamily Finance Division has posted the final 2019 Competitive HTC Awards List
2020 Census Results Will Have Substantial Impact on Affordable Housing Program Allocations for Texas
Every 10 years, the U.S. Census Bureau carries out a constitutionally mandated count, or Census, of the nation’s residents. The U.S. population count is used to determine how much funding local communities and states receive for public services, such as the Housing Tax Credit program (HTC), HOME, and CDBG. Stated by CPPP, “billions of dollars in federal aid depends on the accuracy of the Census, including significant support for health care, housing, transportation, food, and more. Being undercounted by even one percent in 2020 could result in a significant loss in federal funding for Texas – at least $300 million a year.” Additionally, the population count determines how many seats each state gets in Congress and state and local officials use the census counts to draw boundaries for congressional, state legislative, and school districts.
On December 16, 2019, congressional leaders released the end of the year tax package, Taxpayer Certainty and Disaster Tax Relief Act of 2019. This bill includes federal tax breaks for brewers, distillers, churches with parking lots, and some wind energy producers. However, last minute objections ended the possibility of any housing credit provisions from being incorporated – specifically the Affordable Housing Credit Improvement Act – to reduce the scope of the bill in order to deliver a “skinny package.”
From PR.com Dallas, TX, December 19, 2019 --(PR.com)-- Dallas-based law firm Shackelford, Bowen, McKinley & Norton, LLP, has added three attorneys to its affordable housing team. Donald Cunningham, Jr. will head up their new Baton Rouge, Louisiana office. Kara...
MEMBERS IN THE NEWS: Steele Properties has acquired Wayman Manor in Temple, Texas. Yardi Matrix data shows Treetop Development sold the 160-unit affordable community after four years of ownership. KeyBank Community Development Lending and Investment originated a $19.6 million construction and permanent loan for the new owner.
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