Senator Young’s bill, the Task Force on the Impact of Affordable Housing Crisis Act, establishes an 18-member task force charged with evaluating and quantifying the impact of affordable housing on other government programs and making recommendations to Congress on how to use affordable housing to improve the effectiveness of other federal programs and improve life […]
Read More… from S. 3231 Task Force on the Impact of Affordable Housing Crisis Act
Senate Finance Committee Ranking Member Wyden (D-OR) introduced the First-Time Homebuyer Credit Act of 2018, S. 3364, which would create a refundable first-time homebuyer tax credit equal to 2.5 percent of the home purchase price up a maximum of $10,000. The credit would phase out for homes selling for $600,000 to $700,000. The credit would […]
Read More… from S. 3364 First-Time HomeBuyer Credit Act of 2018
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 […]
Read More… from S. 3365 Middle-Income Housing Credit Act of 2018
On June 20, the Department of Housing and Urban Development (HUD) published an advanced notice of proposed rulemaking (proposed rule) inviting comments on HUD’s 2013 Implementation of the Fair Housing Act’s Discriminatory Effects Standard final rule (disparate impact rule) as it seeks to determine what changes to the rule, if any, may be needed to […]
Children’s HealthWatch, a nonpartisan network of pediatricians, public health researchers, children’s health and policy experts, finds that good health begins at home, not at a doctor’s office. Children’s HealthWatch recently published a brief addressing two questions: What are the health care and education costs of unstable housing? and Which policy solutions could create stable homes […]
Read More… from Children’s HealthWatch | What If: Stable Homes Make Healthy Families
Financial structuring experts examine various multifamily finance programs and their application in Housing Credit development. Learn tactics for combining the Credit with Choice Neighborhoods funding, historic credits, state tax credits and other capital sources, and subsidy from nontraditional funding partners. DISCUSSION LEADER Rebecca Frawley Wachtel, Tax Credits and HOME Program Director | Massachusetts Department of […]
As more Housing Credit developments approach the end of the extended use period, the industry is focusing on long-term preservation. Explore opportunities and challenges with acquisition and recapitalization of Year 15 properties, state agency priorities for long-term affordability, diverse perspectives on property valuation, and preservation strategies for at-risk developments. DISCUSSION LEADER Brian Miller, Director, Asset […]
Gain a better understanding of essential aspects of Housing Credit compliance, including satisfying the minimum set-aside, applicability of income limits, tenant eligibility requirements, income calculation and verification rules, the next available unit rule, state agency compliance monitoring, property inspection requirements, and the impact of noncompliance on Credit delivery. TRAINERS Renee Dickinson, Multifamily Compliance Manager | […]
In the wake of multiple natural disasters, state agencies and the Credit industry have played a critical role in disaster response with provision of temporary housing for impacted families and by rebuilding affordable housing and communities. Hear about best practices in insurance coverage, lessons learned from recent experiences, and how future Credit developments could be built […]
