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.
Report: Risk Threatening Affordable Housing Preservation
NLIHC and the Public and Affordable Housing Research Corporation (PAHRC) released a new report, 2020 Picture of Preservation, that explores the pivotal role the federal government plays in building and preserving affordable rental homes at a time when millions of people in America are facing housing instability during the coronavirus pandemic. This report highlights the need for additional resources to protect the affordability of these homes; nearly 300,000 may be lost from the nation’s affordable stock in the next five years.
Analyzing the Impact of Lowering the 50% Test for 4% Tax-Exempt Bond-Financed Properties
This week, NCSHA published a report showing how lowering the “financed-by” threshold — commonly referred to as the 50 percent test — for bond-financed Housing Credit projects would impact available Private Activity Bond cap and could increase multifamily affordable housing production.
SBA and Treasury Release Paycheck Protection Program Loan Forgiveness Application
The form and instructions inform borrowers how to apply for forgiveness of their PPP loans, consistent with the Coronavirus Aid, Relief, and Economic Security Act (CARES Act). SBA will also soon issue regulations and guidance to further assist borrowers as they complete their applications, and to provide lenders with guidance on their responsibilities.
Federal Reserve Report – Community Impacts of COVID-19
Main Street Perspectives: Community Impacts of COVID-19 “Perspectives from Main Street: The Impact of COVID-19 on Communities and the Entities Serving Them” shows the scope and scale of challenges that U.S. communities are facing amid the COVID-19 pandemic. This new...
IRS Provides Short-Term Extensions to Certain Housing Credit and Housing Bond Deadlines Due to COVID-19
April 15, 2020 ACTION partners have been urging the IRS and the Treasury to take immediate action to provide deadline extensions and other necessary accommodations for the Housing Credit program in light of the severe disruptions the COVID-19 pandemic is having on...
Guidance on the Use of Special Reserve Accounts for Tenant Benefit during the COVID-19 Pandemic
The Texas Department of Housing and Community Affairs encourages developments with Special Reserve Accounts to use these funds to provide grants of assistance to tenants who have had a sudden loss of income or increased household costs due to the COVID-19 pandemic,...
Texas Supreme Court Extends Halt on Evictions
TEXAS SUPREME COURT CORONAVIRUS UPDATE Contact: Osler McCarthy512.463.1441 or emailTEXAS SUPREME COURT CORONAVIRUS UPDATE Chief Justice Nathan L. Hecht has ordered eviction proceedings for residential property and filing deadlines in eviction cases be delayed until...
COVID-19: Guidance on Emergency Maintenance and Tenant Screening
The Texas Department of Housing and Community Affairs (TDHCA) is aware that there are questions in regards to changed operating procedures related to the COVID-19 pandemic. Generally, unless a specific item has been waived or suspended by a federal, state, or local...
Runoff Elections Pushed Back Due to COVID-19
Governor Abbott released a proclamation postponing the primary runoff election to July 14, 2020. The election was previously scheduled for May 26, 2020. There are several runoffs statewide. See a breakdown of Primary Runoff Elections compiled by TAAHP’s Lobby Firm –...
Home Innovation Labs names Lisa Stephens to HUD Advisory Group
Home Innovation Lab names TAAHP member Lisa Stephens of Saigebrook Development, LLC to HUD Advisory Group. Home Innovation Labs is tasked by HUD with producing a set of practical, actionable guidelines for developers to design and construct residential buildings, neighborhoods, and accessory structures to improve residential resilience and integrate that resiliency with the entire community.
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