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WHEDA Set to Announce $35 Million in 2021 Housing Tax Awards
To continue addressing the shortage of affordable and workforce housing statewide, the Wisconsin Housing and Economic Development Authority will announce the award of some $35 million in federal and state housing tax credits awards on Tuesday, April 27 at 11 a.m. Statewide demand for housing tax credits among developers seeking to build more affordable rental housing for workers, families and seniors continues to outpace the federal and state resources available in Wisconsin and the award process is highly competitive.
NCSHA Washington Report | April 23, 2021
The Biden – Harris Administration has begun a delicate balancing act that aims simultaneously to end extraordinary pandemic protections for homeowners, provide additional assistance to those...
HUD to Resume Public Multifamily Housing Inspections in June
WASHINGTON - On Friday, U.S. Department of Housing and Urban Development (HUD) Secretary Marcia L. Fudge announced that HUD will substantially increase housing inspections, beginning on June 1, 2021.
HUD Withdraws Proposed Rule, Reaffirms Its Commitment to Equal Access to Housing, Shelters, and Other Services Regardless of Gender Identity
WASHINGTON, DC — U.S. Department of Housing and Urban Development (HUD) Secretary Marcia L. Fudge on Thursday announced that HUD is withdrawing the previous administration’s proposed rule that...
SDHDA Seeking Applicants for the 2021 Emergency Solutions Grants Program
South Dakota Housing Development Authority (SDHDA) is seeking applicants for the Emergency Solutions Grants Program. The Emergency Solutions Grants Program (ESG) is a federal block grant authorized by the McKinney Vento Homelessness Assistance Act and is funded by the US Department of Housing and Urban Development. The ESG program provides financing for short-term and medium-term rental assistance and services to stabilize and rapidly re-house individuals and households who are homeless or at risk of becoming homeless.
HUD Accelerates Access to Puerto Rico Disaster Relief Funds
WASHINGTON - The Department of Housing and Urban Development today announced the obligation of $8.2 billion in Community Development Block Grant Mitigation (CDBG-MIT) funds for Puerto Rico, along...
Maryland Mortgage Program Recognizes Top Lender and Realtor Partners
The Maryland Department of Housing and Community Development today announced the top performing lender and realtor partners of the Maryland Mortgage Program during a virtual awards event. The department recognized industry partners for their exemplary performance and celebrated the continued partnership of these housing industry professionals despite the challenges of the COVID-19 pandemic. For the second year in a row, the Maryland Mortgage Program surpassed $1 billion in loan reservations.
NCSHA Washington Report | April 16, 2021
On Monday, President Biden pledged efforts to “close persistent racial gaps in wages, housing, credit, lending opportunities, and access to higher education — gaps that, if closed, would add...
NCSHA Statement on the Affordable Housing Credit Improvement Act of 2021
Urge your members of Congress to cosponsor the Affordable Housing Credit Improvement Act, S. 1136/H.R. 2573. WASHINGTON, DC — The National Council of State Housing Agencies commends Senators...
Supportive Housing Webinar to Feature Service Provider Insights, Service Delivery Design Examples
From helping people with physical and mental health needs to aiding in the search for employment, coordinated services are critical components of affordable, supportive housing for Wisconsin’s most vulnerable residents. How best to provide supportive services will be the focus of a webinar on Tuesday, April 20, from 9:30 to 11 a.m. Central.
Lowering Bond Financing Threshold for 4 Percent Housing Credit Developments Could Result in Nearly 1.5 Million More Affordable Homes Over 10 Years
NCSHA released a report that found lowering the bond financing threshold for Housing Credit properties — often referred to as the “50 percent test” — to 25 percent could result in the production of nearly 1.5 million more 4 percent Housing Credit units than would otherwise be produced between 2022 to 2031. Based on research conducted on NCSHA’s behalf by Novogradac, “Analyzing the Impact of Lowering the 50% Test for 4% Tax-Exempt Bond Financed Properties” is an update to previous analysis by Novogradac, also sponsored by NCSHA. The update was necessary to account for the minimum 4 percent Credit rate set in the Consolidated Appropriations Act of 2021 and significant changes in the Congressional Budget Office’s inflation projections since the first version of the report was published in May 2020.
Congressional Housing Credit Champions Introduce Affordable Housing Credit Improvement Act of 2021
Today, Senators Maria Cantwell (D-WA), Todd Young (R-IN), Ron Wyden (D-OR), and Rob Portman (R-OH) and Representatives Suzan DelBene (D-WA), Jackie Walorski (R-IN), Don Beyer (D-VA), and Brad...
