Around the State
NC budget negotiations between Gov. Cooper, GOP legislature
Conferee history for SB 105 – 2021-2022 Session
Take Action – North Carolina Housing Coalition
House Bill 352 (2021-2022 Session) – Hotel Safety Issues
Tell lawmakers to reject legislation that would eliminate tenant protections for those living in motels.
Homeowner Assistance Fund (HAF) Program Update
Memo Highlighting Updates to NCHAF Plan Submitted to US Treasury
NC Homeowner Assistance Fund – Track progress
HAF Vendor RFP – Due Sept 7th
CDC Eviction Moratorium
United States Court of Appeals
CDC’s new COVID-19 eviction moratorium to be ruled on by Supreme Court
Democrats Scrounge for Votes to Pass $3.5 Trillion Budget Plan
House Passes $3.5 Trillion Budget Plan for Vast Expansion of Safety Net
Memorandum on Maximizing Assistance to Respond to COVID-19
White House Extends Order Directing FEMA to Reimburse Full COVID-19 Costs Including Sheltering for People Experiencing Homelessness
National Housing Law Project – An Advocates’ Guide to Tenants’ Rights in the Low-Income Housing Tax Credit Program.
Webinar: How to Harness the Legal System to Prevent Evictions
Enterprise Community Partners
August 31, 2021
3:30 pm ET
Registration is open for Housing Works Conference – October 14-15 (2 day virtual event)
Decent, Affordable, Safe Housing for All (DASH) Act – Sen Ron Wyden (D-OR)
- Fully funding rental assistance
- Investing robust resources in the national Housing Trust Fund
- Create a new project-based renters’ tax credit.
- Close loopholes in the LIHTC program that developers have exploited to convert federally assisted properties to market rate and prevent nonprofit organizations from preserving the properties as affordable.
- Increasing the 9 percent Housing Credit tax incentive by 50 percent, which would finance an estimated 299,000 additional affordable rental homes over 2021-2030;
- Lowering the bond financing requirement for properties to receive the full 4 percent credit from 50 percent to 25 percent for four years, allowing states to more efficiently and effectively use their bond cap authority to build additional affordable housing; and
- Providing additional upfront equity – known as basis boosts – for certain projects that need it, including those in rural, Native American, and Extremely Low Income communities, or for bond-financed properties that receive the lesser, 4 percent Housing Credit.
Middle-Income Housing Tax Credit – Creates a new federal tax credit to incentivize developers to build and preserve market-rate apartments – housing that is affordable to families earning 100% of the Area Median Income (AMI) or below.
- Why is this being criticized?
- Research shows, however, that middle-income families comprise less than one percent of those facing significant housing challenges, while 92.5% of these households have very low or extremely low incomes and would not be served by this new tax break for investors.
- Does not address those who actually face housing challenges
- Scarce federal resources should be used to target the deepest needs
- Middle-income housing pressures can be addressed at the local level via zoning & land-use policies