Home building generates substantial local economic activity, including new income and jobs for residents, and additional revenue for local governments. The National Association of Home Builders has developed a model to estimate these economic benefits. This report presents separate estimates of the local area impacts of building 100 single-family homes, 100 rental apartments and $1 million worth of spending on residential remodeling. […]
Read More… from National Association of Home Builders | The Economic Impact of Home Building in a Typical Local Area
In the context of a Major Disaster, this revenue procedure provides temporary relief from certain Housing Credit requirements of § 42 of the Internal Revenue Code and provides emergency housing relief for individuals who are displaced from their principal residences. View Document […]
Read More… from IRS Revenue Procedure 2014-49
Moody’s Investor Service determined its outlook for the US State Housing Finance Agency (HFA) sector is stable. This outlook reflects their expectations for the fundamental business, financial and economic conditions in the sector over the next 12-18 months. […]
Read More… from Moody | 2015 Outlook – US State Housing Finance Agencies
State Housing Finance Agencies’(HFAs) single-family portfolio performance continues to improve as indicated by a year-over-year decline of over 4% in single family delinquencies for the second quarter of 2014. The decline will translate into reduced loan losses for HFAs as fewer loans enter the foreclosure process. Moody’s expects these signs of improvement in the sector’s […]
Read More… from Moody’s Investors Service | Single Family Delinquencies 2nd Quarter 2014 HFA Report
As of June 30, 2014, U.S. housing finance agency (HFA) single-family loan delinquencies had fallen to their lowest level since the third quarter of 2009, signaling a downward trend that that may indicate HFA delinquencies will stay in a lower range. […]
Read More… from Standard and Poor’s Rating Services | U.S. State Housing Finance Agency Delinquency Rates Continued To Improve In The Second Quarter Of 2014
In the context of a Major Disaster, this revenue procedure provides temporary relief from certain requirements of § 142(d) of the Internal Revenue Code for Issuers and Operators. This revenue procedure also provides emergency housing relief for individuals who are displaced by a Major Disaster from their principal residences in certain Major Disaster Areas. This […]
Read More… from IRS Revenue Procedure 2014-50
HFA Single-Family Bond Financing Will Increase, Driving Revenue Growth […]
Read More… from Moody’s HFA Single-Family Bond Financing Report
State Housing Finance Agencies Benefit from Declining Variable Rate Debt […]
Read More… from Moody’s Variable Rate Debt Report
\In addition to ensuring the supply of affordable rental housing, the Low-Income Housing Tax Credit (LIHTC) supports jobs and provides benefits to the economy. Using the NAHB economic impact model of home building, revised industry estimates reveal that the LIHTC program supports almost 96,000 jobs in a typical year. […]
Read More… from National Association of Home Builder’s Report on The Economic Impact of the Affordable Housing Credit
