Tax Agreement Includes Key LIHTC Provisions - Housing Finance
WEBJan 16, 2024 · Two key provisions of the Affordable Housing Credit Improvement Act (AHCIA) have been included in a bipartisan tax agreement. Following intense Congressional negotiations, the agreement calls for a temporary restoration of a 12.5% allocation increase to the low-income housing tax credit (LIHTC) as well as a temporary …
Affordable Housing Hall of Fame| Housing Finance Magazine
WEBNov 20, 2023 · 2021 Affordable Housing Hall of Fame: Change Makers. By Donna Kimura. Three leaders are honored for making a difference in the industry. More. Tags: Finance, Leadership, Diana McIver, John Parvensky, Colorado Coalition for the Homeless.
Despite COVID-19, Affordable Housing Lending Remains Strong
WEBMar 22, 2021 · Affordable Housing Finance’s Top 25 affordable housing lenders provided over $53.6 billion in permanent and construction loans to developments that serve households up to 80% of the area median income (AMI) in 2020. This is up from the AHF Top 25 lenders’ $41 billion in 2019 and $35.2 billion in 2018.
White House Announces Steps to Increase Affordable Housing
WEBSep 2, 2021 · Federal officials also announced that Fannie Mae and Freddie Mac can each increase their annual low-income housing tax credit (LIHTC) investments to $850 million. “These announcements make clear that the Biden–Harris administration means business when it comes to getting more affordable housing built and recognizes the central role …
Latest News - Housing Finance
WEB2 days ago · HUD Announces $69.1 Million for Energy-Efficient Upgrades in Nearly 2,000 Homes. The funding is the final set of awards made under the GRRP’s Leading Edge category. More. Tags: Department of Housing and Urban Development, Affordable Housing, Adrianne Todman.
Fairstead Receives $500 Million Equity Commitment to Expand …
WEBOct 20, 2021 · Fairstead, a national real estate developer focused on the creation and preservation of affordable housing, announced a new equity commitment of $500 million to strategically grow the company’s operations. The new capital from the firm’s key investors will be used to expand Fairstead’s multifamily housing portfolio and enhance its ...
CTCAC Awards LIHTCs to 37 Projects - Housing Finance
WEBJun 23, 2016 · Thirty-seven affordable housing proposals took a big step forward after receiving low-income housing tax credit (LIHTC) reservations in California. The developments will provide 2,162 units across the state. The California Tax Credit Allocation Committee (CTCAC) reserved approximately $43.6 million in federal 9% credits and $30 …
Thompson Confirmed as FHFA Director - Housing Finance
WEBMay 26, 2022 · Thompson had been serving as the agency's acting director since last June, and prior to that she was deputy director of the Division of Housing Mission and Goals, overseeing FHFA’s housing and regulatory policy, capital policy, financial analysis, fair lending, and all mission activities for government-sponsored enterprises (GSEs) Fannie …
Making Mixed-Income Development Work - Housing Finance
WEBJul 12, 2017 · Yet as communities look for models that work, they have increasingly focused on mixed-income housing, according to a paper published this year in the Journal of the American Planning Association (Vale, Lawrence J. and Shamsuddin, Shomon. “All Mixed Up: Making Sense of Mixed-Income Housing Developments,” vol. 83, issue 1, 2017, pp. …
What is the Capital Magnet Fund? - Housing Finance
WEBJan 12, 2015 · An organization can use its CMF award for a wide range of purposes, including capitalizing a revolving loan fund or an affordable housing fund. They can also provide risk-sharing loans or loan guarantees. “The capital magnet fund is different in that it’s enterprise equity,” says Joe Neri, CEO of IFF, a CDFI headquartered in Chicago.