NLIHC and PAHRC Release Joint Report on Improving Low-Income Housing Tax Credit Data for Preservation
Report examines the catalysts, challenges, and resources needed that impact HFAs in collecting, maintaining, and reporting LIHTC property data necessary for preservation efforts Washington, DC –…
District Court Affirms Opa-Locka Community Development Corporation’s Right of First Refusal under LIHTC
The Third District Court of Appeals in Florida issued on September 15 an opinion affirming the Opa-Locka Community Development Corporation’s (OLCDC’s) right of first refusal for the purchase of a Low…
Arizona Establishes State Low-Income Housing Tax Credit Program
Arizona advocates are celebrating the creation of the state’s Low Income Housing Tax Credit (LIHTC), funded through S.B. 1124. The legislation provides $4 million annually for four years, which could…
New Research: Subsidized Housing in Philadelphia Reduces Risk of Eviction
New research published in Housing Policy Debate examines the effect of supply-side subsidized housing programs on eviction filings. The paper, “Sheltered from Eviction? A Framework for Understanding…
Bills to Increase Affordable Housing Resources Introduced in the House and Senate
Three bills were introduced in Congress this week providing much needed federal funding resources for affordable housing. Representative Maxine Waters (D-CA), chair of the House Financial Services…
Senate Confirms Janet Yellen as Treasury Secretary
The Senate confirmed Dr. Janet Yellen as treasury secretary by a bipartisan vote of 84-15 on January 25. Secretary Yellen will be the first women to hold the position of treasury secretary since its…
Senate Finance Committee to Hold Confirmation Hearing for Treasury Secretary Nominee Yellen
The Senate Committee on Finance is scheduled to hold a confirmation hearing on January 19 for President-elect Joe Biden’s nominee for secretary of the Treasury, Janet Yellen. Secretary-designate…
IRS Publishes COVID-19 Guidance on Low-Income Housing Tax Credit
The IRS issued Notice 2020-53 on July 1 providing COVID-19-related guidance impacting owners and residents of Low-Income Housing Tax Credit developments. The notice addresses various deadlines for…
House to Vote This Week on Infrastructure Investments in Affordable Housing
The House of Representatives will vote as soon as this week on H.R. 2, the “Moving Forward Act,” a comprehensive $1.5 trillion infrastructure spending package. In addition to investing substantially…
House Democrats Release Sweeping Infrastructure Plan, Would Invest $100 Billion in Affordable Housing
House Democrats released on June 18 the “Moving Forward Act,” a $1.5 trillion infrastructure package. In addition to investing substantially in repairing the nation’s roads and bridges and improving…
Terner Center Finds Labor and Materials Drive Construction Costs in California, April 13
The Terner Center for Housing Innovation released two reports on rising construction costs in California. Both reports, one focused on the Low Income Housing Tax Credit (LIHTC) program and the other…