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Home » Topics » Tax Credit Housing Management Insider » In the News

In the News
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D.C. Housing Authority to Seek Rehearing of Pratt Case

Jun 1, 2008

In February, the D.C. Court of Appeals dealt the D.C. Housing Authority (DCHA) and its residents a setback. The court's decision in Pratt v. District of Columbia Housing Authority put a dent in DCHA's efforts to have local D.C. law support HUD's “One-Strike” policy.

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Home Sales, Housing Starts, Building Permits Drop in 2007

May 1, 2008

Sales of new homes fell by 26 percent in 2007, the biggest drop since 1963, when record-keeping began, the U.S. Department of Commerce reported last month.

2007 was also the worst year for housing starts in 16 years and, perhaps, since the Great Depression. In December 2007, housing starts were 1.006 million units, compared with 996,000 units built in 1991, Commerce Department officials report. December 2007 was itself a terrible month for housing starts: They wer...

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Affordable Housing Demand to Rise as Population Ages

May 1, 2008

A study of the Washington, D.C., metropolitan area, released in January 2008 by the Urban Institute, indicates that as the result of an aging population, demand for affordable housing will rise significantly over the next 30 years. The study, titled “Housing in the Nation's Capital—2007,” also indicates that the findings of the Institute, a Washington-based nonprofit think tank, are equally valid for other regions of the nation.


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More Affordable Housing to Be Built on Public Land in NYC

Apr 1, 2008

In line with New York City Mayor Michael C. Bloomberg's stated goal of locating and using public land to increase the supply of affordable housing, a new housing project is scheduled for construction on Manhattan's Lower East Side.


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HUD Lifts Cap on Project-Based Vouchers at Tax Credit Sites

Apr 1, 2008

As of Dec. 18, 2007, HUD ceased prohibiting project-based voucher rents from exceeding tax credit rents. According to housing groups such as the National Leased Housing Association (NLHA), the old voucher rule, which went into effect in October 2005, was flawed; it required a change in the project-based voucher program that was inconsistent with guidance previously provided by HUD.


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National Housing Trust Fund Bill Sets 1.5 Million Unit Goal

Mar 1, 2008

The national trust fund bill (H.R. 2895) passed by the House of Representatives sets a goal to create 1.5 million affordable housing units over the next 10 years.

“The growing shortage of affordable housing is one of the most serious social and economic problems facing our country,” says Rep. Barney Frank (D-Mass.). According to him, the trust fund's main purpose is to build, rehabilitate, and preserve affordable rental housing nationwide. But fund...

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HOPE VI: Program with a Future?

Mar 1, 2008

HOPE VI, a federal program that converts distressed public housing into mixed-income sites, has strong, bipartisan support in both Houses of Congress, although the current administration claims that HOPE VI has outlived its usefulness.


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