Month: July 2018

On July 26, 2018, Rep James Clyburn (D-SC) introduced the Restoring Tax Credits for Affordable Housing Act which proposes to increase the 9% & 4% credit percentages, state allocations from $2.70 to $2.90, and the small state minimum from $3.1 million to $3.365 million to offset reduction in housing resources that resulted from the 21% […]

On July 18, 2018,  9 Senators introduced legislation proposing to create bipartisan group to examine & respond to the affordable housing crisis. The task force would evaluate and quantify the impact that a lack of affordable housing has on other areas of life and life outcomes for individuals; evaluate and quantify the costs incurred by […]

On July 16, 2018, Senator Kamala Harris (D-CA) introduced the Rent Relief Act of 2018 (S. 3250) proposing to create a refundable tax credit for renters paying more than 30% of their gross income on housing annually. As per the proposal, households earning $25,000 or less would receive a dollar for dollar tax credit. The […]

Drum roll please… the 2018 Conference Agenda is now available!! Finally! I know it may seem late in coming, but I wanted to craft an agenda that was timely and relative to the place we find ourselves within the industry. This meant waiting as long as I could so I could be sure to include the […]

On July 3, HUD published 2 notices describing changes in the RAD program. The first notice increases the number of public housing units eligible for RAD conversion to 455,000 units from 225,000 units and extends the period for project applications until September 30, 2024. The second notice outlines 4 changes to the public housing conversion process… A streamlined conversion option […]

REAC has instituted some changes to how it will be testing for mold and mildew. For a period of one year starting June 18, 2018, a select number of inspections will include the use of moisture meters and infrared technology in an effort to detect issues with moisture and mold before it becomes a health […]