Latest News in Affordable Housing
DISCLAIMER: The Texas Affiliation of Affordable Housing Providers (TAAHP) posts informational resources that may impact or be useful to its members. The views, positions, and opinions expressed in news articles, research studies, or other resources are those of the authors and do not necessarily reflect the official policy or position of TAAHP or its employees. Views are subject to change at any time.
HUD Updates Fair Market Rents; Makes $113 Million Available in Affordable Housing Vouchers
On August 31, the U.S. Department of Housing and Urban Development (HUD) announced two actions that together will enable more families to rent a healthy, stable home at an affordable cost: publishing Fair Market Rents (FMRs) for Fiscal Year (FY) 2024 and releasing an additional $113 million in Housing Choice Vouchers to public housing agencies to help 9,500 families to meet these growing costs.
HUD Extends Compliance Deadline for NSPIRE Protocols for Community Planning and Development Programs
HUD is extending the compliance date for CPD programs until October 1, 2024. Compliance for programs was initially to begin October 1, 2023.
AHCIA Legislation Gains Support from Over One-third of Congress
This month, the Affordable Housing Credit Improvement Act of 2023 reached 169 cosponsors in the House, maintaining strong bipartisan support with 84 Republicans and 85 Democrats. The Senate companion legislation has reached 27 cosponsors, with 14 Republicans, 12 Democrats and 1 Independent.
HUD Publishes 2021 Tenant Data for Housing Credit Residents
U.S. Department of Housing and Urban Development’s Office of Policy Development and Research published demographic data on tenants living in Housing Credit properties
GAO Releases Report on National Housing Trust Fund
On August 8, The Government Accountability Office (GAO) released Affordable Housing: Improvements Needed in HUD’s Oversight of the Housing Trust Fund Program.
Fort Worth Presents Plan to Address Housing Affordability
Fort Worth’s Neighborhood Services presented a 5-year plan to improve neighborhoods and address affordability to the City Council at the first public budget meeting.
FHA Increases Dollar Amount Threshold for Large Multifamily Loans to Be Eligible for Standard Underwriting
The Federal Housing Administration (FHA) today published a Mortgagee Letter that increases the threshold at which a Multifamily loan is considered a Large Loan from $75 million to $120 million. This is the first increase in the threshold since 2014 and will enable a greater number of transactions to use standard underwriting processes when submitted for FHA Multifamily insurance.
NLIHC Releases the 2023 Out of Reach Report
The National Low Income Housing Coalition recently released its annual Out of Reach Report. Out of Reach documents the significant gap between renters’ wages and the cost of rental housing across the United States. The report’s central statistic, the Housing Wage, is...
TDHCA to host second 2024 QAP Roundtable
TDHCA will host the second 2024 QAP Roundtable on Friday, June 16, 2023, from 9 a.m. to 1 p.m., Central Time
Major bipartisan U.S. Senate bill introduced to modernize and update rural housing programs
On May 1, Senators Tina Smith (D-MN) and Mike Rounds (R-SD) introduced the “Rural Housing Service Reform Act of 2023” (S.1389) in the U.S. Senate. The bill would aim to improve the housing programs administered by the U.S. Department of Agriculture’s Rural Housing Service (RHS) through several reforms, including decoupling rental assistance from maturing mortgages, permanently establishing the Multifamily Housing Preservation and Revitalization Demonstration (MPR), making permanent the Native CDFI Relending pilot program, and improving staff training and capacity within RHS.
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