What's trending in Affordable Housing

February 22, 2016

Author(s): Richard Michael Price, Deborah VanAmerongen

The Obama Administration’s budget shows strong support for federal housing programs, proposed FY2017 budget excludes new funding for Veterans Affairs Supportive Housing vouchers. Here’s what’s trending in affordable housing and community development.

Appropriations legislation

What are the administration’s affordable housing tax proposals?

The administration’s FY2017 budget proposal contains not just spending proposals but also tax policy proposals. Among the many pages of tax proposals are a few affecting, or that if enacted would affect, affordable housing.—Richard Michael Price

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Housing programs strong in president’s final budget

The Obama Administration’s final budget request to Congress shows strong support for federal housing programs. There is a renewed focus on ending homelessness among families as well as full funding of project based Section 8 and Rural Housing Rental Assistance. The HOME program is generally stable. Of course, the CDBG program has not been restored from past years, and the veterans VASH voucher program was not continued.—Richard Michael Price

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The end of VASH? Proposed FY2017 budget excludes new funding for Veterans Affairs Supportive Housing vouchers

For the past several years HUD and the VA have partnered to address homelessness among veterans with the Veterans Affairs Supportive Housing (VASH) voucher program. Over that time the federal budget has included at least $60 million for new VASH vouchers each year. However, the proposed FY2017 budget does not include any new VASH funding. Here’s what we expect to see with the VASH program and where those funds will be redirected.—Deborah VanAmerongen

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Upcoming Events

Beyond Tax Credits: Alternative Financing for Affordable Housing

Location: Nixon Peabody | New York, NY

Date: March 2, 2016

Speaker: Aaron Yowell

Topics include: Alternative financing options for affordable housing.

IPED Learn the Basics: Housing Tax Credits 101

Location: Revere Hotel | Boston, MA

Date: March 17–18, 2016

Speakers: Nathan Bernard, Tom Giblin, Joe Lynch, John Marti, Forrest Milder, Jeff Sacks, Monica Sussman, Andrew Tripp, Deborah VanAmerongen

Topics include: sic rules governing the LIHTC, understanding the financial aspects of LIHTC properties, using tax-exempt bonds to qualify for LIHTCs, assessing the state of the debt and equity markets in 2016 and more.

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