Tag: affordable housing

HUD Proposes 2018 Difficult Development Areas, Qualified Census Tracts

Filed in Housing Finance, Multifamily by on September 12, 2017 0 Comments

HUD published a Federal Register notice Monday that designates Difficult Development Areas (DDA) and Qualified Census Tracts (QCT) for 2018.

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LIHTC a ‘Lifeline’ for these Vets

Filed in Councils & Committees, Multifamily by on August 4, 2017 0 Comments
LIHTC a ‘Lifeline’ for these Vets

Developers of affordable housing know that the Low Income Housing Tax Credit is the lifeline that pulls vets and their families out of a cycle of poverty and into jobs, economic independence and a more meaningful life. It also means a safer, more affordable place for seniors and those with disabilities. Here’s how it works.

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LIHTC Webinar: A Closer Look at Layered Projects

Filed in Education, Multifamily by on June 9, 2017 0 Comments

Attendees of an upcoming webinar, Critical Elements When Managing Layered Projects: LIHTC, Section 8, HOME and Rural Development, will explore the six major issues associated with the management of layered projects: income limits, income verification requirements, student eligibility, rents, agency inspections and handling over-income households.

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House Bill Would Boost Effectiveness of Low Income Housing Tax Credit

Filed in Capitol Hill, Multifamily by on March 21, 2017 0 Comments
House Bill Would Boost Effectiveness of Low Income Housing Tax Credit

House Ways and Means Committee members Pat Tiberi (R-Ohio) and Richard Neal (D-Mass.) today introduced the Affordable Housing Credit Improvement Act, legislation that contains a number of changes to enhance the effectiveness of the Low Income Housing Tax Credit (LIHTC).

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LIHTC Bill Increases Allocations, Fixes 4% Credit Rate

Filed in Capitol Hill, Housing Finance, Multifamily by on March 8, 2017 0 Comments
LIHTC Bill Increases Allocations, Fixes 4% Credit Rate

Sen. Maria Cantwell (D-Wash.) and Senate Finance Committee Chair Orrin Hatch (R-Utah) on March 7 introduced the Affordable Housing Credit Improvement Act to strengthen and expand the Low Income Housing Tax Credit.

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Senate Approves Legislation to Reform Affordable Housing Programs

Filed in Capitol Hill, Multifamily by on July 14, 2016 1 Comment
Senate Approves Legislation to Reform Affordable Housing Programs

The nation’s home builders today commended Senate passage of the Housing Opportunity Through Modernization Act of 2016, legislation that includes many NAHB-supported bipartisan fixes to HUD programs.

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Omnibus Bill: Huge Wins for Affordable Housing

Filed in Capitol Hill, Housing Finance, Multifamily by on December 16, 2015 0 Comments
Omnibus Bill: Huge Wins for Affordable Housing

Shortly after midnight, the House and Senate tax writing committees released the text to a bipartisan agreement on tax extenders. The 2016 Omnibus also showed HOME receiving $950 million, $50 million more than fiscal 2015 appropriations. After threats to significantly cut the program in the Senate, NAHB worked with members of Congress to ensure that HOME stayed intact.

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Home Builders Support House Bill that Streamlines HUD Programs

Filed in Capitol Hill, Housing Finance, Multifamily by on October 21, 2015 0 Comments
Home Builders Support House Bill that Streamlines HUD Programs

NAHB today urged Congress to pass legislation that would help streamline programs to help low-income home buyers and renters.

“The Housing Opportunity Through Modernization Act of 2015 (H.R. 3700) includes many NAHB-supported bipartisan fixes to HUD programs, specifically regarding Section 8, FHA and rural housing,” NAHB Immediate Past Chairman Kevin Kelly testified at a hearing before the House Financial Services Committee’s Housing and Insurance Subcommittee.

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NAHB Lends Support to House Bill Streamlining HUD Programs

NAHB Past Chairman Kevin Kelly will testify next week in support of federal legislation to help streamline programs to help low-income home buyers and renters. Introduced by Rep. Blaine Luetkemeyer (R. Mo.), HR 3700, the Housing Opportunity through Modernization Act of 2015 includes many NAHB-supported bipartisan fixes to HUD programs, specifically regarding Section 8, FHA and rural housing.

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NAHB Research Identifies Pitfalls of Inclusionary Zoning

Filed in Home Building, Land Development by on October 12, 2015 1 Comment
NAHB Research Identifies Pitfalls of Inclusionary Zoning

On the surface, inclusionary zoning programs seem like quick-and-easy fixes to the widespread shortages in affordable housing. But credentialed research compiled by NAHB illustrates that inclusionary zoning is not a simple, one-size-fits-all strategy.

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