What’s trending in Affordable Housing

August 22, 2017

Affordable Housing Blog

Author(s): Erica F. Buckley, Ari Glatt, Alexander B. Rosso

Boston rallies in support of affordable housing, Massachusetts announces 25 recipients of 2017 LIHTCs, HUD issues notice on additional RAD 1 units and the New York Attorney General moves further in the digital direction. Here’s what’s trending in affordable housing and community development.

Fair Housing

Boston affordable housing rally

On July 31, over 500 affordable housing advocates from across Massachusetts rallied in support of affordable housing in the Our Homes, Our Voices: Rally for Affordable Homes in downtown Boston.—Alexander B. Rosso

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Massachusetts announces 25 recipients of 2017 low-income housing tax credits

Twenty-five projects across Massachusetts received $28 million in federal and state low-income housing tax credits in an announcement by Governor Charlie Baker on Tuesday, August 15.—Alexander B. Rosso

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The NYAG moves further in the digital direction

Today, the New York Attorney General (the NYAG) issued a new alert that effective August 16, 2017, all acceptance letters for offering plans, amendments, cooperative policy statements and no-action letters will be delivered to the attorney of record for sponsor in digital form. This recent policy shows that the NYAG is committed to moving in the digital direction.—Erica F. Buckley and Ari Glatt

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HUD Issues Notice on Additional RAD 1 Units

HUD provides guidance with respect to additional RAD units and the establishment of the initial rents for new and replacement RAD units.—Michael H. Reardon

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Upcoming Events

Rural Housing Coalition — 2017 Affordable Housing & Community Development Conference

Location: Lake Ontario Event & Conference Center | Oswego, NY

Date: September 11–13, 2017

Speaker: Richard Price

Topics include: Workshop D—The Future of Rural Tax Credits: This workshop will explore the future of the tax credit as a vehicle for financing multifamily development in rural areas of upstate. Other workshops will discuss multi-family housing development, NYSERDA affordable solar pre-development funding program, program and project compliance and more.

NP Housing Issues in Focus: What’s Next—Evaluating Homeownership Options in Light of Current City and State Housing Policies

Location: NP’s NYC office | New York, NY

Date: September 12, 2017

Speaker: Erica Buckley

Topics include: A panel discussing the current state of the for-sale market in New York City.

IRHP Affordable Housing Preservation Conference

Location: Four Seasons | Las Vegas, NV

Date: September 27–28, 2017

Speakers: Steve Wallace, Monica Sussman, Deborah VanAmerongen, Richard Price, Tatiana Gutierrez, Nate Cushman, Ed Campbell

Topics include: Multi-day conference covering topics related to affordable housing preservation.

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