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Why the 4% LIHTC Matters: Knoxville Community Development Corporation
The Low-Income Housing Tax Credit (LIHTC) is one of the most effective tools for creating new and critically needed affordable housing, and accounts for the vast majority of all affordable rental housing created in the United States. This is one in a series of articles that show how public housing authorities (PHAs) and community development agencies have … Continue reading Why the 4% LIHTC Matters: Knoxville Community Development Corporation
Why New Market Tax Credits Matter: Three Success Stories
New Markets Tax Credits (NMTC) help localities build stronger neighborhoods by investing in housing, schools, and other vital projects that are targeted at helping low-income communities. Between 2003 and 2015, $42 billion in direct NMTC authority has generated almost $80 billion in capital for local businesses and revitalization projects. NMTC investment has resulted in the … Continue reading Why New Market Tax Credits Matter: Three Success Stories
Why the 4% LIHTC Matters: Walla Walla Housing Authority
Before (bottom) and after (top) pictures of Emerald Family Properties buildings. Photo credits: Walla Walla Housing Authority The Low-Income Housing Tax Credit (LIHTC) is one of the most effective tools for creating new and critically needed affordable housing, and accounts for the vast majority of all affordable rental housing created in the United States. This is … Continue reading Why the 4% LIHTC Matters: Walla Walla Housing Authority
Thank You, John Bohm
After 13 years at NAHRO, including 13 months spent as Acting CEO during the search for a permanent leader, John Bohm is leaving the association to move out of Washington, D.C. We at NAHRO thank him for his service, mentorship, and friendship, and wish him the best. During his tenure, Bohm led the Congressional Relations … Continue reading Thank You, John Bohm
HUD Releases Guidance on Demo/Dispo Asset-Repositioning Fee (ARF)
On November 8, HUD released Notice PIH-2017-22 titled “Guidance on Eligibility for Asset-Repositioning Fee (ARF) when Public Housing Units Are Approved for Demolition, Disposition, or Transitioned to Homeownership.” The Notice applies to all PHAs administering Public Housing, including MTW PHAs. PHAs that transition projects or entire buildings within a project out of the public inventory may … Continue reading HUD Releases Guidance on Demo/Dispo Asset-Repositioning Fee (ARF)
Tax Reform Proposal Retains LIHTC, Still Devastates Affordable Housing
The House Ways and Means Committee this week released its long-await tax reform legislation, the Tax Cuts and Jobs Act (HR 1). While the bill retains the Low-Income Housing Tax Credit (LIHTC), one of only two business credits preserved, it eliminates several other taxes and bonds that are critical to community development and affordable housing. … Continue reading Tax Reform Proposal Retains LIHTC, Still Devastates Affordable Housing
HUD REAC Posts October 2017 UPCS-V Conference Call
HUD Real Estate Assessment Center (REAC) Oversight and Evaluation Division (OED) posted their quarterly conference call with UPCS-V Demonstration participants. UPCS-V is the inspection protocol that HUD is developing to replace Housing Quality Standards (HQS), which is the current inspection protocol used for the Housing Choice Voucher program. The 10/25/17 UPCS-V conference call can be … Continue reading HUD REAC Posts October 2017 UPCS-V Conference Call
HUD Issues 19 CPD Waivers to Help Disaster Recovery
In order to aid communities and accelerate disaster recovery for those impacted by Hurricanes Harvey, Irma and Maria, HUD has announced a package of 19 regulatory and administrative waivers for the following Community Planning and Development (CPD) programs: The Community Development Block Grant (CDBG) Program, HOME Investment Partnerships (HOME) Program, Housing Opportunities for Persons with … Continue reading HUD Issues 19 CPD Waivers to Help Disaster Recovery
HUD Publishes Additional Guidance on Implementing HOTMA Voucher Provisions
Yesterday, October 30, HUD published notice PIH 2017-21 (HA) titled “Implementation Guidance: Housing Opportunity Through Modernization Act of 2016 (HOTMA) – Housing Choice Voucher (HCV) and Project-Based Voucher (PBV) Provisions.” The notice provides additional guidance on HUD’s previous Federal Register notice implementing HOTMA’s changes to the definition of PHA-owned housing and changes to the project-based … Continue reading HUD Publishes Additional Guidance on Implementing HOTMA Voucher Provisions
HUD Publishes Guidance on Implementing HOTMA Inspection Provisions
On October 27, HUD published PIH 2017-20 (HA) titled “Housing Opportunity Through Modernization Act of 2016 (HOTMA) – Housing Quality Standards (HQS) Implementation Guidance.” The notice provides additional guidance on two previously implemented provisions that theoretically should allow PHAs to approve a unit and execute a HAP contract with a landlord more quickly. The two … Continue reading HUD Publishes Guidance on Implementing HOTMA Inspection Provisions