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An N.H. based disability justice organization has submitted recommendations to New Hampshire Housing Finance Authority, as the group finds many in its community are at risk of homelessness.
Yesterday the Chicago Department of Housing released what it says is the country’s first Racial Equity Impact Assessment on a Qualified Allocation Plan for Low-Income Housing Tax Credits. Qualified Application Plans are documents that state eligibility priorities and criteria for awarding tax credits for housing development projects. Racial Equity Impact Assessments analyze how different racial and ethnic groups are or will be impacted by existing or proposed policies, programs, or decisions. The Racial Equity Impact Assessment to be used by the Chicago Department of Housing will inform how...
NH Business Review Questions arise on eligibility of 2020 bond-financed projects February 24, 2021 Jaclyn N. Fisher On Dec, 21, 2020, Congress passed the Consolidated Appropriations Act, a year-end measure that includes a $1.4 trillion omnibus spending bill and a $900 billion Covid-19 relief bill. Among many other things, the act fixed the 4% low-income housing tax credit (LIHTC) applicable percentage at a minimum of 4%. This comes after years of advocacy by LIHTC stakeholders and is expected to generate millions more in equity investments for affordable housing and lead to the production an...
The Hodge, at 7th and P NW, was built using Low-Income Housing Tax Credits. This article was first published on January 9, 2017. We love being able to talk about and break down complex concepts and wanted to share this piece with you again. Figures are reflective of the original publishing date. The Hodge, a 90-unit housing development in Shaw, offers affordable apartments for seniors in the District. To create these apartments, developers of the Hodge used the Low-Income Housing Tax Credit (LIHTC) program to partially finance the project. This post explains how the LIHTC works. The LIHTC ...