Tag: LIHTC

NAHB Urges Congress to Enact Policies to Help Builders Boost Housing Production

Filed in Advocacy, Housing Affordability, Material Costs by on July 14, 2021 3 Comments
NAHB Urges Congress to Enact Policies to Help Builders Boost Housing Production

NAHB CEO Jerry Howard testified before Congress today and called on lawmakers to enact key policy proposals that will help home builders to expand the housing supply, reduce the housing deficit and improve housing affordability for all Americans. During a hearing before the House Ways and Means Subcommittee on Oversight on the topic of expanding housing access to all Americans, Howard noted that rising home prices, apartment rents and construction costs represent additional risks to housing affordability for prospective home buyers and renters.

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OCC May Rewrite Community Reinvestment Act Regulations

OCC May Rewrite Community Reinvestment Act Regulations

The Office of the Comptroller of the Currency (OCC) yesterday announced it would reconsider a rule finalized by the Trump administration to modernize the Community Reinvestment Act (CRA) regulations.

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Bipartisan Low-Income Housing Tax Credit Legislation Introduced in House and Senate

Bipartisan Low-Income Housing Tax Credit Legislation Introduced in House and Senate

The House and Senate today each introduced identical bipartisan bills supported by NAHB that will improve and strengthen the Low-Income Housing Tax Credit.

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A Vital Lifeline for the Production of Affordable Housing

Filed in Economics, Housing Affordability, Multifamily by on July 23, 2020 4 Comments
A Vital Lifeline for the Production of Affordable Housing

The Low-Income Housing Tax Credit (LIHTC) plays a critical role in the housing market by ensuring a supply of attainable rental housing. And with the nation in the midst of a housing affordability crisis and struggling with the COVID-19 pandemic, the LIHTC is more important than ever.

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NAHB Pushes Housing Priorities in Next Coronavirus Relief Package

Filed in Advocacy, Disaster Response, Multifamily by on July 20, 2020 2 Comments
NAHB Pushes Housing Priorities in Next Coronavirus Relief Package

As Congress begins work on its next coronavirus relief package, NAHB is urging lawmakers to include several provisions in the legislation that will provide relief to American home owners and renters, along with small and medium-sized residential construction businesses and multifamily owners and developers.

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Ohio Urban Infill Project Improves Quality of Life in Neglected Neighborhood

Ohio Urban Infill Project Improves Quality of Life in Neglected Neighborhood

The Residences at Career Gateway is a community housing development, funded with the help of Low-Income Housing Tax Credits (LIHTCs), which aims to revitalize the south side of Columbus and connect residents with meaningful workforce supports.

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NAHB Urges Congress to Support Affordable Housing, LIHTC in Next Package

Filed in Advocacy, Disaster Response, Multifamily by on May 7, 2020 2 Comments
NAHB Urges Congress to Support Affordable Housing, LIHTC in Next Package

NAHB, as part of the A Call To Invest in Our Neighborhoods (ACTION) Coalition, sent to congressional leaders a letter urging them to stabilize the affordable housing system by including provisions to support the Low-Income Housing Tax Credit (LIHTC) and mitigate the damage to affordable housing production that is already occurring as a result of the COVID-19 crisis.

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Virginia Home Builders Log Big Wins During 2020 Legislative Session

Filed in Land Development, Legal, Membership by on April 14, 2020 0 Comments
Virginia Home Builders Log Big Wins During 2020 Legislative Session

Of more than 3,600 pieces of legislation introduced during the 2020 Virginia General Assembly, the Home Builders Association of Virginia’s (HBAV) government affairs team found 270 that had a direct or indirect impact on residential land development and construction, and worked hard to defeat several bills and resolutions that could have harmed housing affordability and economic growth in the Commonwealth.

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Learn About Income Limits and Utility Allowance Changes in LIHTC Housing

Filed in Education, Multifamily by on March 20, 2020 0 Comments
Learn About Income Limits and Utility Allowance Changes in LIHTC Housing

There have been significant changes to the way the income of tenants is calculated for units using Low-Income Housing Tax Credits (LIHTC). In addition, formulas for utility allowances have changed. Many multifamily developers and managers need to be aware of these important changes.

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IRS Provides Clarity on LIHTC Income Limits

Filed in Economics, Multifamily by on February 11, 2020 0 Comments
IRS Provides Clarity on LIHTC Income Limits

The Internal Revenue Service recently released revenue ruling 2020-4 that instructs taxpayers how to calculate Low-Income Housing Tax Credit (LIHTC) income limits should they choose to use the income averaging minimum set-aside test to meet LIHTC eligibility and compliance requirements.

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