Newsroom
OCC, Federal Reserve Weigh in on CRA Changes
Top federal banking regulators recently expressed support for modernizing Community Reinvestment Act (CRA) regulations.
MassHousing Closes on $28.8 Million in Financing for the Creation of New, 180-Unit, Affordable Housing Community in Downtown Lawrence
Pac 10 Lofts will involve the adaptive reuse of the historic former Pacific Mills cotton complex and will provide housing for households with a range of incomes
CHFA Announces 2018 Round One Low Income Housing Tax Credit Awards
Colorado Housing and Finance Authority (CHFA) is pleased to announce the Low Income Housing Tax Credit (LIHTC) awards for the first allocation round of 2018.
DCHFA Finances a Fifth Project at The Yards
DCHFA issued $55 million (long term tax exempt bonds) in acquisition and new construction financing for Estate (227 Tingey Street, Southeast) a new mixed-income, mixed-use, 11 story building with 264 apartments.
IRS Issues New Housing Credit Per Capita and State Minimum Caps to Account for Increase
IRS issued Rev. Proc 2018-22, modifying the 2018 Housing Credit per capita and small state minimum volume cap amounts to reflect the increase in authority we achieved as part of the Consolidated Appropriations Act of 2018 (omnibus spending bill).
Mulvaney Pushes for CFPB Reforms During House, Senate Hearings
Consumer Financial Protection Bureau (CFPB) Acting Director Mick Mulvaney this week appeared before the House Financial Services Committee and the Senate Banking Committee to discuss the Bureau’s Semi-Annual Report to Congress.
NCSHA Recommends Improvements to IRS Housing Credit Disaster Relief Guidance
NCSHA sent comments to the IRS on how it can improve its Low Income Housing Tax Credit (Housing Credit) disaster relief guidance provided in Revenue Procedures 2014-49 and 2014-50. NCSHA’s letter is in response to IRS’s request for comments in Notice 2018-17, which also provided additional guidance on Housing Credit disaster relief specific to Puerto Rico’s recovery from Hurricane Maria.
Governor Wolf Announces Tax Credits and PennHOMES Funding for Affordable Multifamily Developments in Pennsylvania
Governor Tom Wolf today announced conditional awards for the construction of 39 affordable multifamily housing developments in Pennsylvania.
Governor Wolf Announces 2018 PHARE Funding to Support Affordable Housing across Pennsylvania
Governor Tom Wolf today announced recipients of a new round of funding for housing programs made available through the PHARE fund.
DCHFA Names Michael Hentrel, General Counsel
The District of Columbia Housing Finance Agency (DCHFA) has appointed a new General Counsel, Michael Hentrel.
President Signs Executive Order on Reducing Poverty by Promoting Opportunity and Economic Mobility
On April 10, President Trump signed an Executive Order titled “Reducing Poverty in America by Promoting Opportunity and Economic Mobility,” ordering several federal agencies, including HUD, to review their public assistance programs and propose new policies and regulations to enhance self-sufficiency and economic mobility.
