News

5 ARRA Facts, 5 Years Later

Posted on May 14, 2014

The Council of Economic Advisers recently released a report on the $13.61 billion of funding for HUD from the American Recovery and Reinvestment Act of 2009 (ARRA).

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Topics: Federal Housing Programs

HUD’s Multifamily Transformation Plan

Posted on April 26, 2014

The U.S. Department of Housing and Urban Development (HUD) is in the process of implementing its multifamily transformation plan aimed, in part, at cutting FHA loan processing times. Expected to be completed by 2016

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Topics: Federal Housing Programs,  Multifamily Lending

GSEs’ LIHTC Portfolio Selling Activities Since 2008

Posted on April 16, 2014

As reported in the March 2014 issue of the Tax Credit Advisor, Fannie Mae and Freddie Mac have gradually sold their interests in LIHTC investments since being placed in conservatorship, however, the massive sale that was expected by many throughout the LIHTC industry has entirely subsided.

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Topics: Federal Housing Programs,  LIHTC

Extenders Bill Incl. 9% and 4% LIHTC Rate Floors

Posted on April 10, 2014

On April 3, the Senate Finance Committee approved the Expiring Provisions Improvement, Reform, and Efficiency (EXPIRE) Act to extend for two years dozens of expiring tax provisions.

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Topics: Federal Housing Programs,  LIHTC

The Camp Proposal: An Early Victory for the LIHTC?

Posted on March 12, 2014

On February 26, House Ways and Means Chairman David Camp (R-MI) revealed his long-awaited tax reform proposal, which includes some version of the Low Income Housing Tax Credit.

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Topics: Federal Housing Programs,  LIHTC

Preservation Lending, Still a Priority for Fannie & Freddie

Posted on February 26, 2014

Through 2013 it appears that as long as Fannie Mae and Freddie Mac remain in business, they will continue to lend to affordable housing, particularly to existing and aging affordable developments.

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Topics: Federal Housing Programs,  LIHTC,  Multifamily Lending

RAD: HUD’s Centerpiece of Preserving Assisted-Housing

Posted on February 12, 2014

The U.S. Department of Housing and Urban Development (HUD) recently launched the RentalAssistance Demonstration (RAD) program to address a $25 billion accumulation in capital needs for public housing.

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Topics: Federal Housing Programs

Expiration of the LIHTC Fixed-Rate

Posted on January 22, 2014

The 9 percent LIHTC fixed-rate was established as part of the Housing and Economic Recovery Act of 2008 and was renewed in the “fiscal cliff” deal – the American Taxpayer Relief Act of 2012 – in January 2013.

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Topics: Federal Housing Programs,  LIHTC

2015 Budget Bill Signed

Posted on January 15, 2014

Prior to the new year, Congress passed and the President signed into law a bill that provides a broad outline for the federal budget through 2015 and eases some of sequestration’s cuts.

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Topics: Federal Housing Programs

Mel Watt Sworn in as New FHFA Director

Posted on January 8, 2014

On January 6, 2014, former Congressman (D-NC) Melvin Watt was sworn in to a five-year term as the first Senate-confirmed Director of the Federal Housing Finance Agency (FHFA).

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Topics: Federal Housing Programs,  LIHTC

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