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Senator Wyden Introduces Middle-Income Housing Tax Credit and First-Time Homebuyer Tax Credit Bills
On August 22, Senate Finance Committee Ranking Member Ron Wyden (D-OR) introduced the Middle Income Housing Tax Credit Act of 2018, S. 3365, which would create a new state-administered tax credit, modeled after the Low Income Housing Tax Credit (Housing Credit), to stimulate the development of rental housing for middle-income households earning up to 100 percent of area median gross income (AMGI).
Washington Report | August 25, 2018
Toward the end of a season that saw extensive coverage of the financial crisis’ 10-year anniversary have come a flurry of headlines pointing to continued evolution in a market shift that the crisis...
HUD Seeking Nominations for 2019 HUD Secretary’s Opportunity and Empowerment Award
The U.S. Department of Housing and Urban Development, in partnership with the American Planning Association (APA), is currently accepting nominations for its annual HUD Secretary’s Opportunity and Empowerment Award, which recognizes community planning efforts that have improved the quality of life for low- and moderate-income residents.
Senate Committee Approves Six Nominees to Be Considered by Full Senate
The Senate Committee on Banking, Housing, and Urban Affairs Thursday voted to favorably report six Trump Administration nominees to the full Senate.
SC State Housing Finance and Development Authority Names Bonita Shropshire as Executive Director
The Board of Directors of the SC State Housing Finance and Development Authority (SC Housing) named Bonita Shropshire as the agency’s Executive Director. Shropshire had been serving as the agency’s Interim Executive Director prior to her appointment.
Minot’s First NDR-Supported Housing Project Complete
Park South Apartments, the City of Minot’s first affordable housing rehabilitation project supported by the National Disaster Resilience (NDR) Program, is complete. Local and state official celebrated the project’s completion with a ribbon cutting on Tuesday, Aug. 21.
SEC Establishes Additional Disclosures for Municipal Securities
The U.S. Securities and Exchange Commission (SEC) yesterday released a final rule that increases HFAs’ and other municipal bond issuers’ disclosure obligations.
Washington Report | August 17, 2018
New Mexico Mortgage Finance Authority (MFA) executive director Jay Czar and his senior team convene the agency’s board annually for a retreat to report on progress implementing current strategy,...
RIHousing Homeownership Opportunity Bond Rating Upgraded by Moody’s
RIHousing announced yesterday that Moody’s Investor Service has assigned Aa1 ratings to RIHousing’s Homeownership Opportunity bonds which is an upgrade from the existing Aa2 rating.
NCSHA Urges HUD to Clarify Disparate Impact Rule
On August 16, NCSHA submitted comments to HUD on the agency’s 2013 Disparate Impact Final Rule, which implements the Fair Housing Act’s discriminatory effects standard.
Essent Publishes 2018 First-Time Homebuyer Study
Private mortgage insurer Essent recently published a study detailing the needs and preferences of younger first-time homebuyers.
The Vestcor Companies Break Ground on The Quarry in Big Coppitt Key, Florida
The Vestcor Companies announced today that they’ve officially broken ground on The Quarry, an affordable housing community in Big Coppitt Key, Florida.
