The Spring Street Brief Transistor (https://transistor.fm) https://feeds.transistor.fm/spring-street-brief The Spring Street Brief is your daily intelligence briefing on affordable housing in America. In under 3 minutes, get the news that matters: LIHTC allocations, Section 8 voucher updates, HUD policy changes, private activity bonds, state housing finance agency deals, and emerging trends in affordable housing development. Designed for LIHTC investors, affordable housing developers, syndicators, lenders, and policy makers who need to stay ahead of the curve. AI-powered. Human-curated. Brought to you by Tom Carter at Spring Street Management Group. © 2026 Spring Street Management Group eaf6163b-7add-5dcb-8bf0-b6bc78855734 yes en Thu, 21 May 2026 16:57:32 -0700 Thu, 21 May 2026 16:58:14 -0700 https://img.transistorcdn.com/nxT-nr6P-z7Vlb-SSY6k6R431qwuag0MNKSZkIaB2Ec/rs:fill:0:0:1/w:1400/h:1400/q:60/mb:500000/aHR0cHM6Ly9pbWct/dXBsb2FkLXByb2R1/Y3Rpb24udHJhbnNp/c3Rvci5mbS81YWNi/MGVlZjVhN2FjYzBk/NDY5YWEyOTA3MWMw/MWViZS5wbmc.jpg The Spring Street Brief episodic Spring Street Management Group The Spring Street Brief is your daily intelligence briefing on affordable housing in America. In under 3 minutes, get the news that matters: LIHTC allocations, Section 8 voucher updates, HUD policy changes, private activity bonds, state housing finance agency deals, and emerging trends in affordable housing development. Designed for LIHTC investors, affordable housing developers, syndicators, lenders, and policy makers who need to stay ahead of the curve. AI-powered. Human-curated. Brought to you by Tom Carter at Spring Street Management Group. The Spring Street Brief is your daily intelligence briefing on affordable housing in America. affordable housing, LIHTC, low-income housing tax credit, Section 8, housing choice voucher, HUD, housing finance, multifamily, tax credit investing, private activity bonds, housing policy, housing development, real estate investing, affordable housing news, housing authority, 4% LIHTC, 9% LIHTC, HOTMA, housing tax credits, workforce housing Tom Carter No No Episode 85: 21st Century ROAD to Housing Act Heads to House Floor 85 85 Episode 85: 21st Century ROAD to Housing Act Heads to House Floor full 22f6062e-7e16-439c-9db1-8db38456e186 https://share.transistor.fm/s/99ad9c50 The House Financial Services Committee released an updated version of the 21st Century ROAD to Housing Act, and the full House is expected to vote on the bill today — notably without the SAVE America Act attached, despite President Trump calling for its inclusion. For LIHTC investors, developers, syndicators, and lenders, the decision to decouple these two measures is the critical signal: the affordable housing finance provisions now have a chance to move on their own terms, at least through the House.

Key Takeaways:

  • The House Financial Services Committee released an updated version of the 21st Century ROAD to Housing Act ahead of today's floor vote.
  • The bill is advancing without the SAVE America Act, despite explicit pressure from President Trump via social media — a significant procedural decision by House leadership.
  • Decoupling the SAVE America Act removes a potential complicating rider from the affordable housing finance provisions in the ROAD Act.
  • A clean House passage would strengthen the bill's posture heading into the Senate, where it will face pressure within a broader reconciliation framework.
  • Prior versions of the ROAD Act have included provisions relevant to LIHTC deal structures, bond financing, and HUD program administration — making floor amendments today a key watch item.
  • Any modification to the tax title or housing finance provisions during floor consideration could affect deal pricing and credit assumptions for transactions in the pipeline.
  • If the bill passes the House, attention shifts immediately to Senate Finance and the question of what survives a conference process.

The next 48 hours are a genuine inflection point for affordable housing legislation in this Congress. A successful House vote without the SAVE America Act sets up a cleaner Senate fight — but the Senate's reconciliation environment remains unpredictable. Developers and investors with active deal timelines should stay close to their government relations contacts and monitor floor amendments in real time. What passes the House today shapes the negotiating baseline for everything that follows.

Subscribe to The Spring Street Brief for daily updates on affordable housing in America.

]]> The House Financial Services Committee released an updated version of the 21st Century ROAD to Housing Act, and the full House is expected to vote on the bill today — notably without the SAVE America Act attached, despite President Trump calling for its inclusion. For LIHTC investors, developers, syndicators, and lenders, the decision to decouple these two measures is the critical signal: the affordable housing finance provisions now have a chance to move on their own terms, at least through the House.

Key Takeaways:

  • The House Financial Services Committee released an updated version of the 21st Century ROAD to Housing Act ahead of today's floor vote.
  • The bill is advancing without the SAVE America Act, despite explicit pressure from President Trump via social media — a significant procedural decision by House leadership.
  • Decoupling the SAVE America Act removes a potential complicating rider from the affordable housing finance provisions in the ROAD Act.
  • A clean House passage would strengthen the bill's posture heading into the Senate, where it will face pressure within a broader reconciliation framework.
  • Prior versions of the ROAD Act have included provisions relevant to LIHTC deal structures, bond financing, and HUD program administration — making floor amendments today a key watch item.
  • Any modification to the tax title or housing finance provisions during floor consideration could affect deal pricing and credit assumptions for transactions in the pipeline.
  • If the bill passes the House, attention shifts immediately to Senate Finance and the question of what survives a conference process.

The next 48 hours are a genuine inflection point for affordable housing legislation in this Congress. A successful House vote without the SAVE America Act sets up a cleaner Senate fight — but the Senate's reconciliation environment remains unpredictable. Developers and investors with active deal timelines should stay close to their government relations contacts and monitor floor amendments in real time. What passes the House today shapes the negotiating baseline for everything that follows.

Subscribe to The Spring Street Brief for daily updates on affordable housing in America.

]]> Wed, 20 May 2026 06:00:00 -0700 Spring Street Management Group Spring Street Management Group 168 The House Financial Services Committee released an updated version of the 21st Century ROAD to Housing Act, and the full House is expected to vote on the bill today — notably without the SAVE America Act attached, despite President Trump calling for its inclusion. For LIHTC investors, developers, syndicators, and lenders, the decision to decouple these two measures is the critical signal: the affordable housing finance provisions now have a chance to move on their own terms, at least through the House. Key Takeaways: The House Financial Services Committee released an updated version of the... The House Financial Services Committee released an updated version of the 21st Century ROAD to Housing Act, and the full House is expected to vote on the bill today — notably without the SAVE America Act attached, despite President Trump calling for its i LIHTC, 9% LIHTC, 4% LIHTC, affordable housing, HUD, Section 8, Housing Choice Voucher, QAP, Qualified Allocation Plan, tax credit, private activity bonds, PAB, Spring Street Management Group, affordable housing finance, low income housing, 21st Century ROAD to Housing Act, SAVE America Act, House Financial Services Committee, House floor vote affordable housing, LIHTC legislative update 2026, affordable housing reconciliation, housing finance bill Congress No Episode 84: HUD PIH Releases FY 2026 HCV Funding Allocations 84 84 Episode 84: HUD PIH Releases FY 2026 HCV Funding Allocations full 65abe7c0-27bc-40f3-bfc5-5e3a6d1e40e3 https://share.transistor.fm/s/aedb4453 HUD's Office of Public and Indian Housing has published its FY 2026 Housing Choice Voucher funding allocation notice, introducing targeted policy changes to Housing Assistance Payments and Administrative Fees. While the notice largely mirrors the FY 2025 framework, the adjustments carry direct implications for PHA administrative capacity, project-based voucher deal underwriting, and voucher lease-up timelines across the country.

Key Takeaways:

  • PIH's FY 2026 HCV allocation notice is now published and effective — deal teams should update pro formas accordingly.
  • Policy changes are concentrated in two areas: Housing Assistance Payments (HAP) and Administrative Fees.
  • HAP funding levels set the ceiling on rent subsidies in PBV transactions closing or renewing in FY 2026 — high-cost metro deals are most exposed to compression risk.
  • Administrative fee rates directly affect PHA capacity to run PBV solicitations, process inspections, and advance LIHTC layered closings.
  • Historically, underfunded administrative fees have caused PHAs to slow-walk new PBV commitments, creating mid-year closing risk for developers and lenders.
  • The publication of formal allocation guidance signals administrative continuity at the program level despite ongoing congressional budget uncertainty.
  • PHAs should assess administrative capacity against the new fee parameters before committing to new PBV solicitations in the second half of 2026.

This notice lands at a critical moment for voucher-dependent affordable housing pipelines. Developers, syndicators, and lenders with active PBV deals should reconcile FY 2026 HAP and administrative fee parameters against existing underwriting assumptions immediately. PHAs weighing new solicitations should model administrative fee sufficiency before making commitments they may not be able to operationalize.

Subscribe to The Spring Street Brief for daily updates on affordable housing in America.

]]> HUD's Office of Public and Indian Housing has published its FY 2026 Housing Choice Voucher funding allocation notice, introducing targeted policy changes to Housing Assistance Payments and Administrative Fees. While the notice largely mirrors the FY 2025 framework, the adjustments carry direct implications for PHA administrative capacity, project-based voucher deal underwriting, and voucher lease-up timelines across the country.

Key Takeaways:

  • PIH's FY 2026 HCV allocation notice is now published and effective — deal teams should update pro formas accordingly.
  • Policy changes are concentrated in two areas: Housing Assistance Payments (HAP) and Administrative Fees.
  • HAP funding levels set the ceiling on rent subsidies in PBV transactions closing or renewing in FY 2026 — high-cost metro deals are most exposed to compression risk.
  • Administrative fee rates directly affect PHA capacity to run PBV solicitations, process inspections, and advance LIHTC layered closings.
  • Historically, underfunded administrative fees have caused PHAs to slow-walk new PBV commitments, creating mid-year closing risk for developers and lenders.
  • The publication of formal allocation guidance signals administrative continuity at the program level despite ongoing congressional budget uncertainty.
  • PHAs should assess administrative capacity against the new fee parameters before committing to new PBV solicitations in the second half of 2026.

This notice lands at a critical moment for voucher-dependent affordable housing pipelines. Developers, syndicators, and lenders with active PBV deals should reconcile FY 2026 HAP and administrative fee parameters against existing underwriting assumptions immediately. PHAs weighing new solicitations should model administrative fee sufficiency before making commitments they may not be able to operationalize.

Subscribe to The Spring Street Brief for daily updates on affordable housing in America.

]]> Tue, 19 May 2026 06:00:00 -0700 Spring Street Management Group Spring Street Management Group 191 HUD's Office of Public and Indian Housing has published its FY 2026 Housing Choice Voucher funding allocation notice, introducing targeted policy changes to Housing Assistance Payments and Administrative Fees. While the notice largely mirrors the FY 2025 framework, the adjustments carry direct implications for PHA administrative capacity, project-based voucher deal underwriting, and voucher lease-up timelines across the country. Key Takeaways: PIH's FY 2026 HCV allocation notice is now published and effective — deal teams should update pro formas accordingly. HUD's Office of Public and Indian Housing has published its FY 2026 Housing Choice Voucher funding allocation notice, introducing targeted policy changes to Housing Assistance Payments and Administrative Fees. While the notice largely mirrors the FY 2025 LIHTC, 9% LIHTC, 4% LIHTC, affordable housing, HUD, Section 8, Housing Choice Voucher, QAP, Qualified Allocation Plan, tax credit, private activity bonds, PAB, Spring Street Management Group, affordable housing finance, low income housing, PIH 2026 HCV funding allocations, Housing Choice Voucher administrative fees, Housing Assistance Payments FY 2026, project-based voucher underwriting, public housing authority administrative capacity, PIH allocation notice, HCV lease-up 2026 No Episode 83: FY27 HUD Budget Hearing and the 21st Century ROAD Act 83 83 Episode 83: FY27 HUD Budget Hearing and the 21st Century ROAD Act full c7d4388a-4a65-4ab4-b9fe-f24ec831f741 https://share.transistor.fm/s/3828e716 HUD Secretary Scott Turner faced bipartisan support for HUD programs during FY27 budget hearings before both the House and Senate Appropriations Committees last week — a notable signal amid broad discretionary spending pressure. At the same time, the House released an amended 21st Century ROAD to Housing Act on May 14, with a floor vote expected this week. For LIHTC investors, developers, syndicators, and lenders, the convergence of an active appropriations fight, a major housing supply bill, and early reconciliation maneuvering makes the next several weeks unusually high-stakes.

Key Takeaways:

  • HUD Secretary Scott Turner testified before both the House and Senate Appropriations Committees in response to the Trump administration's FY27 budget request.
  • Bipartisan committee support for HUD programs creates political cover for preserving Housing Choice Voucher and project-based rental assistance funding — both critical to LIHTC deal structures and compliance.
  • The amended 21st Century ROAD to Housing Act text was released May 14; a House floor vote is expected the week of May 18.
  • House Republicans held a closed-door meeting on May 12 to discuss a potential third reconciliation package — a vehicle that could carry tax title changes affecting LIHTC, depreciation, or bond financing.
  • A separate $72 billion reconciliation bill focused on ICE and CBP funding is already in progress, signaling active use of the reconciliation process this Congress.
  • NLIHC joined a national sign-on letter urging full inclusion of the Rural Housing Service Reform Act in the final housing supply package — a provision relevant to deals in rural markets and USDA-financed properties.
  • HUD's proposed Equal Access Rule NPRM, which would scale back equal access protections in HUD programs, is drawing legal analysis from the National Housing Law Project, with a webinar scheduled for May 20.

Deals currently in predevelopment or financing are underwriting into a policy environment that could shift on multiple fronts at once. The ROAD Act's amended text deserves a close read for provisions touching private activity bond volume cap, zoning preemption, or federal land and financing tools. The third reconciliation conversation is early — but it is already happening behind closed doors, and the LIHTC community should be engaged before the vehicle takes shape.

Subscribe to The Spring Street Brief for daily updates on affordable housing in America.

]]> HUD Secretary Scott Turner faced bipartisan support for HUD programs during FY27 budget hearings before both the House and Senate Appropriations Committees last week — a notable signal amid broad discretionary spending pressure. At the same time, the House released an amended 21st Century ROAD to Housing Act on May 14, with a floor vote expected this week. For LIHTC investors, developers, syndicators, and lenders, the convergence of an active appropriations fight, a major housing supply bill, and early reconciliation maneuvering makes the next several weeks unusually high-stakes.

Key Takeaways:

  • HUD Secretary Scott Turner testified before both the House and Senate Appropriations Committees in response to the Trump administration's FY27 budget request.
  • Bipartisan committee support for HUD programs creates political cover for preserving Housing Choice Voucher and project-based rental assistance funding — both critical to LIHTC deal structures and compliance.
  • The amended 21st Century ROAD to Housing Act text was released May 14; a House floor vote is expected the week of May 18.
  • House Republicans held a closed-door meeting on May 12 to discuss a potential third reconciliation package — a vehicle that could carry tax title changes affecting LIHTC, depreciation, or bond financing.
  • A separate $72 billion reconciliation bill focused on ICE and CBP funding is already in progress, signaling active use of the reconciliation process this Congress.
  • NLIHC joined a national sign-on letter urging full inclusion of the Rural Housing Service Reform Act in the final housing supply package — a provision relevant to deals in rural markets and USDA-financed properties.
  • HUD's proposed Equal Access Rule NPRM, which would scale back equal access protections in HUD programs, is drawing legal analysis from the National Housing Law Project, with a webinar scheduled for May 20.

Deals currently in predevelopment or financing are underwriting into a policy environment that could shift on multiple fronts at once. The ROAD Act's amended text deserves a close read for provisions touching private activity bond volume cap, zoning preemption, or federal land and financing tools. The third reconciliation conversation is early — but it is already happening behind closed doors, and the LIHTC community should be engaged before the vehicle takes shape.

Subscribe to The Spring Street Brief for daily updates on affordable housing in America.

]]> Mon, 18 May 2026 06:00:00 -0700 Spring Street Management Group Spring Street Management Group 209 HUD Secretary Scott Turner faced bipartisan support for HUD programs during FY27 budget hearings before both the House and Senate Appropriations Committees last week — a notable signal amid broad discretionary spending pressure. At the same time, the House released an amended 21st Century ROAD to Housing Act on May 14, with a floor vote expected this week. For LIHTC investors, developers, syndicators, and lenders, the convergence of an active appropriations fight, a major housing supply bill, and early reconciliation maneuvering makes the next several weeks unusually high-stakes. HUD Secretary Scott Turner faced bipartisan support for HUD programs during FY27 budget hearings before both the House and Senate Appropriations Committees last week — a notable signal amid broad discretionary spending pressure. At the same time, the Hous LIHTC, 9% LIHTC, 4% LIHTC, affordable housing, HUD, Section 8, Housing Choice Voucher, QAP, Qualified Allocation Plan, tax credit, private activity bonds, PAB, Spring Street Management Group, affordable housing finance, low income housing, 21st Century ROAD to Housing Act, FY27 HUD budget hearing, Scott Turner HUD appropriations, House Appropriations Committee HUD, Rural Housing Service Reform Act, third reconciliation package 2026, HUD Equal Access Rule NPRM, housing supply bill House vote No Episode 82: HUD FY2027 Budget: Cuts, Work Requirements, and CDBG End 82 82 Episode 82: HUD FY2027 Budget: Cuts, Work Requirements, and CDBG End full d3d44215-b84f-4920-b052-b3ef5220d529 https://share.transistor.fm/s/baadd925 HUD Secretary Scott Turner testified before the House Appropriations Subcommittee on May 12, 2026, outlining President Trump's FY2027 budget for HUD. The proposal includes the elimination of the Community Development Block Grant program, work requirements for rental assistance recipients, and a series of targeted funding allocations — all of which carry direct implications for LIHTC developers, syndicators, lenders, and housing operators who depend on the federal affordable housing infrastructure.

Key Takeaways:

  • The FY2027 budget proposes full elimination of the Community Development Block Grant (CDBG) program, a common gap-financing source in affordable housing deal stacks.
  • Work requirements of at least 20 hours per week and 5-year time limits are proposed for able-bodied adults in HUD rental assistance programs, including Section 8.
  • $160 million is allocated for FHA administrative contracts to support homeownership access and program operations.
  • $30 million is secured for the Melania Trump Foster Youth to Independence initiative, targeting the roughly 20,000 youth who age out of foster care annually, nearly 1 in 4 of whom experience homelessness.
  • $30 million each is proposed for the Program Integrity Initiative and Project HUGS, HUD's sub-recipient reporting and improper payment detection program.
  • HUD's FY25 Agency Financial Report identified over $5 billion in potential payment errors, including payments to nearly 30,000 deceased tenants — a figure driving the administration's oversight push.
  • From January 2025 to March 2026, HUD reports supporting homeownership for over 1.2 million households, more than 70% first-time buyers — a metric Turner used to frame disciplined policy outcomes.

The FY2027 budget is a proposal, not law — CDBG elimination has been proposed and rejected in prior cycles. But the directional signal matters for deal structuring now. Developers and lenders with CDBG in their financing stacks should assess alternative gap sources. LIHTC asset managers and compliance officers at properties with project-based or tenant-based vouchers should begin evaluating what work requirement tracking and potential increased turnover would mean for their operating pro formas. The appropriations process will determine what survives, but the administration's priorities are on the table.

Subscribe to The Spring Street Brief for daily updates on affordable housing in America.

]]> HUD Secretary Scott Turner testified before the House Appropriations Subcommittee on May 12, 2026, outlining President Trump's FY2027 budget for HUD. The proposal includes the elimination of the Community Development Block Grant program, work requirements for rental assistance recipients, and a series of targeted funding allocations — all of which carry direct implications for LIHTC developers, syndicators, lenders, and housing operators who depend on the federal affordable housing infrastructure.

Key Takeaways:

  • The FY2027 budget proposes full elimination of the Community Development Block Grant (CDBG) program, a common gap-financing source in affordable housing deal stacks.
  • Work requirements of at least 20 hours per week and 5-year time limits are proposed for able-bodied adults in HUD rental assistance programs, including Section 8.
  • $160 million is allocated for FHA administrative contracts to support homeownership access and program operations.
  • $30 million is secured for the Melania Trump Foster Youth to Independence initiative, targeting the roughly 20,000 youth who age out of foster care annually, nearly 1 in 4 of whom experience homelessness.
  • $30 million each is proposed for the Program Integrity Initiative and Project HUGS, HUD's sub-recipient reporting and improper payment detection program.
  • HUD's FY25 Agency Financial Report identified over $5 billion in potential payment errors, including payments to nearly 30,000 deceased tenants — a figure driving the administration's oversight push.
  • From January 2025 to March 2026, HUD reports supporting homeownership for over 1.2 million households, more than 70% first-time buyers — a metric Turner used to frame disciplined policy outcomes.

The FY2027 budget is a proposal, not law — CDBG elimination has been proposed and rejected in prior cycles. But the directional signal matters for deal structuring now. Developers and lenders with CDBG in their financing stacks should assess alternative gap sources. LIHTC asset managers and compliance officers at properties with project-based or tenant-based vouchers should begin evaluating what work requirement tracking and potential increased turnover would mean for their operating pro formas. The appropriations process will determine what survives, but the administration's priorities are on the table.

Subscribe to The Spring Street Brief for daily updates on affordable housing in America.

]]> Fri, 15 May 2026 06:00:00 -0700 Spring Street Management Group Spring Street Management Group 207 HUD Secretary Scott Turner testified before the House Appropriations Subcommittee on May 12, 2026, outlining President Trump's FY2027 budget for HUD. The proposal includes the elimination of the Community Development Block Grant program, work requirements for rental assistance recipients, and a series of targeted funding allocations — all of which carry direct implications for LIHTC developers, syndicators, lenders, and housing operators who depend on the federal affordable housing infrastructure. Key Takeaways: The FY2027 budget proposes full elimination of the Community Development Block... HUD Secretary Scott Turner testified before the House Appropriations Subcommittee on May 12, 2026, outlining President Trump's FY2027 budget for HUD. The proposal includes the elimination of the Community Development Block Grant program, work requirements LIHTC, 9% LIHTC, 4% LIHTC, affordable housing, HUD, Section 8, Housing Choice Voucher, QAP, Qualified Allocation Plan, tax credit, private activity bonds, PAB, Spring Street Management Group, affordable housing finance, low income housing, HUD FY2027 budget, Scott Turner HUD testimony, CDBG elimination, Section 8 work requirements, Foster Youth to Independence initiative, Project HUGS HUD, HUD rental assistance time limits, House Appropriations THUD subcommittee No Episode 81: Trump Backs 21st Century ROAD to Housing Act 81 81 Episode 81: Trump Backs 21st Century ROAD to Housing Act full a6b08434-c9ac-45f0-af61-39fab7e4c952 https://share.transistor.fm/s/69b445cf President Trump publicly called on Congress to pass the Senate version of the 21st Century ROAD to Housing Act via Truth Social, drawing an immediate supportive response from Senate Banking Committee Chairman Tim Scott (R-SC). For LIHTC investors, developers, syndicators, and lenders, this rare alignment between the White House and a key Senate committee chair signals a potentially accelerating legislative timeline with direct implications for affordable housing finance and production.

Key Takeaways:

  • President Trump posted on Truth Social Monday urging Congress to pass the Senate version of the 21st Century ROAD to Housing Act — a direct White House endorsement.
  • Senator Tim Scott (R-SC), Chairman of the Senate Banking, Housing, and Urban Affairs Committee, publicly thanked the president on X, signaling committee-level alignment and readiness to move.
  • The bill targets regulatory and land use barriers to housing production, with provisions that could reduce soft costs and improve deal feasibility for LIHTC transactions.
  • White House backing shortens the effective window for industry stakeholder engagement — Senate committee markup could come quickly while presidential attention remains focused.
  • LIHTC developers and syndicators should assess how the Senate version interacts with existing tax credit structures and Private Activity Bond volume cap rules.
  • State HFAs and lenders should monitor provisions affecting federal fund flows to state-level affordable housing programs.
  • The House will need to reconcile its own version — bicameral differences could affect final provisions relevant to the tax credit industry.

Presidential attention on housing legislation is rare and time-limited. With Senator Scott positioned to move quickly in committee, industry participants — developers, syndicators, investors, and HFAs — should be engaging their Senate offices now to ensure that LIHTC protections and enhancements are part of the final bill. This is an opening, not a guarantee, and the window for meaningful input may close faster than a typical legislative cycle.

Subscribe to The Spring Street Brief for daily updates on affordable housing in America.

]]> President Trump publicly called on Congress to pass the Senate version of the 21st Century ROAD to Housing Act via Truth Social, drawing an immediate supportive response from Senate Banking Committee Chairman Tim Scott (R-SC). For LIHTC investors, developers, syndicators, and lenders, this rare alignment between the White House and a key Senate committee chair signals a potentially accelerating legislative timeline with direct implications for affordable housing finance and production.

Key Takeaways:

  • President Trump posted on Truth Social Monday urging Congress to pass the Senate version of the 21st Century ROAD to Housing Act — a direct White House endorsement.
  • Senator Tim Scott (R-SC), Chairman of the Senate Banking, Housing, and Urban Affairs Committee, publicly thanked the president on X, signaling committee-level alignment and readiness to move.
  • The bill targets regulatory and land use barriers to housing production, with provisions that could reduce soft costs and improve deal feasibility for LIHTC transactions.
  • White House backing shortens the effective window for industry stakeholder engagement — Senate committee markup could come quickly while presidential attention remains focused.
  • LIHTC developers and syndicators should assess how the Senate version interacts with existing tax credit structures and Private Activity Bond volume cap rules.
  • State HFAs and lenders should monitor provisions affecting federal fund flows to state-level affordable housing programs.
  • The House will need to reconcile its own version — bicameral differences could affect final provisions relevant to the tax credit industry.

Presidential attention on housing legislation is rare and time-limited. With Senator Scott positioned to move quickly in committee, industry participants — developers, syndicators, investors, and HFAs — should be engaging their Senate offices now to ensure that LIHTC protections and enhancements are part of the final bill. This is an opening, not a guarantee, and the window for meaningful input may close faster than a typical legislative cycle.

Subscribe to The Spring Street Brief for daily updates on affordable housing in America.

]]> Thu, 14 May 2026 06:00:00 -0700 Spring Street Management Group Spring Street Management Group 169 President Trump publicly called on Congress to pass the Senate version of the 21st Century ROAD to Housing Act via Truth Social, drawing an immediate supportive response from Senate Banking Committee Chairman Tim Scott (R-SC). For LIHTC investors, developers, syndicators, and lenders, this rare alignment between the White House and a key Senate committee chair signals a potentially accelerating legislative timeline with direct implications for affordable housing finance and production. Key Takeaways: President Trump posted on Truth Social Monday urging Congress to pass the Senate version... President Trump publicly called on Congress to pass the Senate version of the 21st Century ROAD to Housing Act via Truth Social, drawing an immediate supportive response from Senate Banking Committee Chairman Tim Scott (R-SC). For LIHTC investors, develop LIHTC, 9% LIHTC, 4% LIHTC, affordable housing, HUD, Section 8, Housing Choice Voucher, QAP, Qualified Allocation Plan, tax credit, private activity bonds, PAB, Spring Street Management Group, affordable housing finance, low income housing, 21st Century ROAD to Housing Act, Senator Tim Scott, Senate Banking Committee, Trump housing legislation, Senate housing bill 2026, housing regulatory reform, LIHTC legislative update No Episode 80: The Sylvan Lottery Opens in Englewood Cliffs 80 80 Episode 80: The Sylvan Lottery Opens in Englewood Cliffs full 6bc1dd99-5684-4c0e-8f80-31c46a5f2699 https://share.transistor.fm/s/f0497645 Affordable Homes New Jersey has opened a waiting list for 90 income-restricted rental apartments at The Sylvan in Englewood Cliffs, Bergen County — a high-amenity mixed-income development steps from the George Washington Bridge. With rents ranging from $559/month studios to $1,766/month three-bedrooms against market-rate comparables reaching $5,700/month, the affordability discount is among the sharpest in the region. For LIHTC investors and developers, this deal offers a window into mixed-income structure, layered financing, and demand dynamics in one of New Jersey's most competitive submarkets.

Key Takeaways:

  • Waiting list applications are open now through June 2 — the deadline is firm and tenant selection is by random lottery.
  • Affordable rents range from $559/month (studio) to $1,766/month (3BR); market-rate units in the same building run $1,950–$5,700/month, a gap of up to $4,000+/month.
  • The 90 affordable units span very-low, low, and moderate income tiers, suggesting layered financing likely involving 4% LIHTC and state or county sources.
  • The Sylvan is a mixed-income site: 90 affordable rental units within a larger development that also includes 112 market-rate townhomes.
  • Geographic preference applies to applicants living or working in Bergen, Hudson, Passaic, or Sussex counties; veterans receive an additional preference tier.
  • Amenities include a fitness center, pool, resident lounge, game room, and coworking space — a competitive amenity package that supports long-term occupancy stability.
  • Location above the Palisades, minutes from the GWB, places this deal in a high-demand, transit-proximate submarket where affordability discounts are most durable.

Mixed-income developments in high-cost, transit-accessible Northeast submarkets continue to represent some of the most defensible LIHTC investments in the region. The Sylvan's structure — deep affordability discount, layered income tiers, and a competitive amenity package within a market-rate community — is a model worth watching as New Jersey's pipeline evolves. Developers and syndicators with community outreach obligations tied to this or adjacent Bergen County deals should act before the June 2 window closes.

Subscribe to The Spring Street Brief for daily updates on affordable housing in America.

]]> Affordable Homes New Jersey has opened a waiting list for 90 income-restricted rental apartments at The Sylvan in Englewood Cliffs, Bergen County — a high-amenity mixed-income development steps from the George Washington Bridge. With rents ranging from $559/month studios to $1,766/month three-bedrooms against market-rate comparables reaching $5,700/month, the affordability discount is among the sharpest in the region. For LIHTC investors and developers, this deal offers a window into mixed-income structure, layered financing, and demand dynamics in one of New Jersey's most competitive submarkets.

Key Takeaways:

  • Waiting list applications are open now through June 2 — the deadline is firm and tenant selection is by random lottery.
  • Affordable rents range from $559/month (studio) to $1,766/month (3BR); market-rate units in the same building run $1,950–$5,700/month, a gap of up to $4,000+/month.
  • The 90 affordable units span very-low, low, and moderate income tiers, suggesting layered financing likely involving 4% LIHTC and state or county sources.
  • The Sylvan is a mixed-income site: 90 affordable rental units within a larger development that also includes 112 market-rate townhomes.
  • Geographic preference applies to applicants living or working in Bergen, Hudson, Passaic, or Sussex counties; veterans receive an additional preference tier.
  • Amenities include a fitness center, pool, resident lounge, game room, and coworking space — a competitive amenity package that supports long-term occupancy stability.
  • Location above the Palisades, minutes from the GWB, places this deal in a high-demand, transit-proximate submarket where affordability discounts are most durable.

Mixed-income developments in high-cost, transit-accessible Northeast submarkets continue to represent some of the most defensible LIHTC investments in the region. The Sylvan's structure — deep affordability discount, layered income tiers, and a competitive amenity package within a market-rate community — is a model worth watching as New Jersey's pipeline evolves. Developers and syndicators with community outreach obligations tied to this or adjacent Bergen County deals should act before the June 2 window closes.

Subscribe to The Spring Street Brief for daily updates on affordable housing in America.

]]> Wed, 13 May 2026 06:00:00 -0700 Spring Street Management Group Spring Street Management Group 183 Affordable Homes New Jersey has opened a waiting list for 90 income-restricted rental apartments at The Sylvan in Englewood Cliffs, Bergen County — a high-amenity mixed-income development steps from the George Washington Bridge. With rents ranging from $559/month studios to $1,766/month three-bedrooms against market-rate comparables reaching $5,700/month, the affordability discount is among the sharpest in the region. For LIHTC investors and developers, this deal offers a window into mixed-income structure, layered financing, and demand dynamics in one of New Jersey's most competitive... Affordable Homes New Jersey has opened a waiting list for 90 income-restricted rental apartments at The Sylvan in Englewood Cliffs, Bergen County — a high-amenity mixed-income development steps from the George Washington Bridge. With rents ranging from $5 LIHTC, 9% LIHTC, 4% LIHTC, affordable housing, HUD, Section 8, Housing Choice Voucher, QAP, Qualified Allocation Plan, tax credit, private activity bonds, PAB, Spring Street Management Group, affordable housing finance, low income housing, The Sylvan Englewood Cliffs, Affordable Homes New Jersey, Bergen County LIHTC, New Jersey housing lottery, mixed-income rental development, Palisades affordable housing, 4% tax credit New Jersey No Episode 79: HUD Announces $1.1 Billion Investment in Tribal Housing 79 79 Episode 79: HUD Announces $1.1 Billion Investment in Tribal Housing full ce910180-f914-428f-81fd-52f91da81428 https://share.transistor.fm/s/d96ba9cd Episode 79: HUD Announces $1.1 Billion Investment in Tribal Housing HUD announces over $1.1 billion in affordable housing investment for Tribal communities. Learn how this major federal commitment addresses housing disparities in Indian Country and creates opportunities for tribal housing authorities. KEY TAKEAWAYS: • $1.1 billion investment includes grants for new construction, rehabilitation, and preservation of affordable housing on tribal lands • Funding distributed through multiple HUD programs, including Native American Housing Assistance and Self-Determination Act • Tribal communities face severe housing shortages, with homeownership rates significantly below national average • HUD providing technical assistance to tribal housing authorities to strengthen their ability to develop and manage affordable housing • Partnerships that respect tribal sovereignty and prioritize tribal employment and ownership are increasingly attractive to federal funders For tribal housing authorities and developers, this funding creates significant opportunity. Tribal communities can access grants for housing development without the competitive pressure of the broader LIHTC market. However, the application process is complex, and tribal housing authorities must navigate federal requirements and tribal governance structures. The $1.1 billion investment is part of broader federal efforts to address housing disparities. Combined with LIHTC and other programs, this funding demonstrates sustained federal commitment to expanding affordable housing supply across all communities. Subscribe to The Spring Street Brief for daily insights on LIHTC, Section 8, HUD policy, and affordable housing finance.

]]> Episode 79: HUD Announces $1.1 Billion Investment in Tribal Housing HUD announces over $1.1 billion in affordable housing investment for Tribal communities. Learn how this major federal commitment addresses housing disparities in Indian Country and creates opportunities for tribal housing authorities. KEY TAKEAWAYS: • $1.1 billion investment includes grants for new construction, rehabilitation, and preservation of affordable housing on tribal lands • Funding distributed through multiple HUD programs, including Native American Housing Assistance and Self-Determination Act • Tribal communities face severe housing shortages, with homeownership rates significantly below national average • HUD providing technical assistance to tribal housing authorities to strengthen their ability to develop and manage affordable housing • Partnerships that respect tribal sovereignty and prioritize tribal employment and ownership are increasingly attractive to federal funders For tribal housing authorities and developers, this funding creates significant opportunity. Tribal communities can access grants for housing development without the competitive pressure of the broader LIHTC market. However, the application process is complex, and tribal housing authorities must navigate federal requirements and tribal governance structures. The $1.1 billion investment is part of broader federal efforts to address housing disparities. Combined with LIHTC and other programs, this funding demonstrates sustained federal commitment to expanding affordable housing supply across all communities. Subscribe to The Spring Street Brief for daily insights on LIHTC, Section 8, HUD policy, and affordable housing finance.

]]> Fri, 17 Apr 2026 06:00:00 -0700 Spring Street Management Group Spring Street Management Group 157 The U.S. Department of Housing and Urban Development announces over $1.1 billion in affordable housing investment for Tribal communities, representing one of the largest federal investments in Native American housing in recent years. The U.S. Department of Housing and Urban Development announces over $1.1 billion in affordable housing investment for Tribal communities, representing one of the largest federal investments in Native American housing in recent years. HUD, tribal housing, affordable housing, federal funding, Native American housing, housing development, housing policy, Indian Country, housing investment, housing news, real estate investing, housing finance, federal housing programs, tribal communities No Episode 78: Novogradac Projects Record 2026 LIHTC and PAB Volume 78 78 Episode 78: Novogradac Projects Record 2026 LIHTC and PAB Volume full d296260d-0974-4e86-8ebf-f24466d1d6e4 https://share.transistor.fm/s/cd369a01 Episode 78: Novogradac Projects Record 2026 LIHTC and PAB Volume Novogradac projects 2026 as a record year for LIHTC and private activity bond volume, with equity commitments potentially exceeding $15 billion. Understand the market dynamics driving unprecedented deal flow and what it means for developers. KEY TAKEAWAYS: • IRS's 2026 per-capita LIHTC multiplier of $3.05 is the highest in program history • Combined with slight population growth, this translates to record total LIHTC allocations available nationwide • 25% bond threshold is driving volume by freeing up bond volume cap for additional projects • Syndicators report strong investor appetite for LIHTC equity • Banks are actively competing for LIHTC financing opportunities • Novogradac projects 2026 LIHTC volume could exceed $15 billion in equity commitments, the highest on record However, this volume comes with challenges. Construction costs remain elevated. Gap financing is increasingly constrained. Developers are competing intensely for limited resources. The expanded LIHTC allocation is enabling more deals, but the total capital available is still insufficient to address the nation's affordable housing shortage. For developers and investors, 2026 represents a critical window of opportunity. The expanded LIHTC resources and strong market conditions create favorable conditions for project development. Subscribe to The Spring Street Brief for daily insights on LIHTC, Section 8, HUD policy, and affordable housing finance.

]]> Episode 78: Novogradac Projects Record 2026 LIHTC and PAB Volume Novogradac projects 2026 as a record year for LIHTC and private activity bond volume, with equity commitments potentially exceeding $15 billion. Understand the market dynamics driving unprecedented deal flow and what it means for developers. KEY TAKEAWAYS: • IRS's 2026 per-capita LIHTC multiplier of $3.05 is the highest in program history • Combined with slight population growth, this translates to record total LIHTC allocations available nationwide • 25% bond threshold is driving volume by freeing up bond volume cap for additional projects • Syndicators report strong investor appetite for LIHTC equity • Banks are actively competing for LIHTC financing opportunities • Novogradac projects 2026 LIHTC volume could exceed $15 billion in equity commitments, the highest on record However, this volume comes with challenges. Construction costs remain elevated. Gap financing is increasingly constrained. Developers are competing intensely for limited resources. The expanded LIHTC allocation is enabling more deals, but the total capital available is still insufficient to address the nation's affordable housing shortage. For developers and investors, 2026 represents a critical window of opportunity. The expanded LIHTC resources and strong market conditions create favorable conditions for project development. Subscribe to The Spring Street Brief for daily insights on LIHTC, Section 8, HUD policy, and affordable housing finance.

]]> Thu, 16 Apr 2026 06:00:00 -0700 Spring Street Management Group Spring Street Management Group 139 Novogradac reports that 2026 is shaping up to be a record year for LIHTC and private activity bond volume, driven by the permanent 12 percent LIHTC allocation increase and the new 25% bond threshold. Novogradac reports that 2026 is shaping up to be a record year for LIHTC and private activity bond volume, driven by the permanent 12 percent LIHTC allocation increase and the new 25% bond threshold. LIHTC, tax credit, housing finance, market analysis, Novogradac, PAB, private activity bonds, deal volume, OBBBA, equity, housing development, affordable housing funding, housing news, real estate investing, tax credit pricing No Episode 77: Georgia SB 476 Caps State LIHTC at 50 Percent of Federal Amount 77 77 Episode 77: Georgia SB 476 Caps State LIHTC at 50 Percent of Federal Amount full 2809c601-2056-4f12-87b1-ec3adbc44569 https://share.transistor.fm/s/10b39874 Episode 77: Georgia SB 476 Caps State LIHTC at 50 Percent of Federal Amount Georgia Senate Bill 476 caps state LIHTC at 50% of federal amounts for 2027+ applications. Discover how this policy shift affects project feasibility and what developers need to know about the 2026 application window. KEY TAKEAWAYS: • Georgia's state LIHTC has been a critical resource for affordable housing developers • New cap limits state credits to maximum of 50% of federal, effectively reducing available capital for many projects • Policy rationale centers on state budget constraints and concerns about program cost • Cap applies to applications submitted in 2027 and beyond; 2026 applications are not affected • Sunset provision in 2031 creates uncertainty about long-term policy direction For Georgia developers, the implications are substantial. Projects that previously layered state and federal LIHTC will now have less total capital available. This could affect project feasibility, particularly for deals in secondary markets or with deeper income targeting. Developers with projects in the pipeline should prioritize 2026 applications to access the full state credit before the cap takes effect. Georgia's cap also signals broader state budget pressures. Other states may consider similar measures if state revenues decline or competing priorities emerge. Subscribe to The Spring Street Brief for daily insights on LIHTC, Section 8, HUD policy, and affordable housing finance.

]]> Episode 77: Georgia SB 476 Caps State LIHTC at 50 Percent of Federal Amount Georgia Senate Bill 476 caps state LIHTC at 50% of federal amounts for 2027+ applications. Discover how this policy shift affects project feasibility and what developers need to know about the 2026 application window. KEY TAKEAWAYS: • Georgia's state LIHTC has been a critical resource for affordable housing developers • New cap limits state credits to maximum of 50% of federal, effectively reducing available capital for many projects • Policy rationale centers on state budget constraints and concerns about program cost • Cap applies to applications submitted in 2027 and beyond; 2026 applications are not affected • Sunset provision in 2031 creates uncertainty about long-term policy direction For Georgia developers, the implications are substantial. Projects that previously layered state and federal LIHTC will now have less total capital available. This could affect project feasibility, particularly for deals in secondary markets or with deeper income targeting. Developers with projects in the pipeline should prioritize 2026 applications to access the full state credit before the cap takes effect. Georgia's cap also signals broader state budget pressures. Other states may consider similar measures if state revenues decline or competing priorities emerge. Subscribe to The Spring Street Brief for daily insights on LIHTC, Section 8, HUD policy, and affordable housing finance.

]]> Wed, 15 Apr 2026 06:00:00 -0700 Spring Street Management Group Spring Street Management Group 153 Georgia Senate Bill 476 caps the state's Low-Income Housing Tax Credit at 50 percent of the federal LIHTC amount for projects with applications submitted in 2027 and beyond, with the cap sunsetting in 2031. Georgia Senate Bill 476 caps the state's Low-Income Housing Tax Credit at 50 percent of the federal LIHTC amount for projects with applications submitted in 2027 and beyond, with the cap sunsetting in 2031. LIHTC, Georgia, state tax credit, housing finance, affordable housing, housing policy, budget constraints, SB 476, housing development, affordable housing funding, housing news, real estate investing, tax credit cap, state housing policy No Episode 76: Wisconsin Legislation Would Expand State LIHTC from $42M to $100M Annually 76 76 Episode 76: Wisconsin Legislation Would Expand State LIHTC from $42M to $100M Annually full 2ea16f3e-d38d-4f55-af68-6f72842315ca https://share.transistor.fm/s/de38bdcb Episode 76: Wisconsin Legislation Would Expand State LIHTC from $42M to $100M Annually Wisconsin Senate Bill 942 proposes expanding the state LIHTC program from $42 million to $100 million annually and eliminating bond requirements. Learn how this transformational legislation could reshape Wisconsin's affordable housing market. KEY TAKEAWAYS: • Wisconsin currently has one of the smaller state LIHTC programs relative to its population • Proposed expansion would position Wisconsin among the top states for state-level tax credit support • Bond requirement elimination would allow developers to pursue state LIHTC projects without competing for limited bond volume cap • $100 million annual allocation would enable approximately 400-500 additional units annually • Over a decade, this could produce 4,000-5,000 additional affordable units The bill reflects growing recognition among state policymakers that federal LIHTC alone is insufficient to address housing shortages. States like Illinois, Ohio, and Massachusetts have expanded state credits in recent years. Wisconsin's proposed expansion follows this trend and responds to documented affordable housing shortages in Milwaukee, Madison, and other growing markets. For Wisconsin developers, this legislation represents transformational opportunity. However, the bill must navigate the legislative process, and passage is not guaranteed. State budget constraints and competing priorities could affect the bill's prospects. Subscribe to The Spring Street Brief for daily insights on LIHTC, Section 8, HUD policy, and affordable housing finance.

]]> Episode 76: Wisconsin Legislation Would Expand State LIHTC from $42M to $100M Annually Wisconsin Senate Bill 942 proposes expanding the state LIHTC program from $42 million to $100 million annually and eliminating bond requirements. Learn how this transformational legislation could reshape Wisconsin's affordable housing market. KEY TAKEAWAYS: • Wisconsin currently has one of the smaller state LIHTC programs relative to its population • Proposed expansion would position Wisconsin among the top states for state-level tax credit support • Bond requirement elimination would allow developers to pursue state LIHTC projects without competing for limited bond volume cap • $100 million annual allocation would enable approximately 400-500 additional units annually • Over a decade, this could produce 4,000-5,000 additional affordable units The bill reflects growing recognition among state policymakers that federal LIHTC alone is insufficient to address housing shortages. States like Illinois, Ohio, and Massachusetts have expanded state credits in recent years. Wisconsin's proposed expansion follows this trend and responds to documented affordable housing shortages in Milwaukee, Madison, and other growing markets. For Wisconsin developers, this legislation represents transformational opportunity. However, the bill must navigate the legislative process, and passage is not guaranteed. State budget constraints and competing priorities could affect the bill's prospects. Subscribe to The Spring Street Brief for daily insights on LIHTC, Section 8, HUD policy, and affordable housing finance.

]]> Tue, 14 Apr 2026 06:00:00 -0700 Spring Street Management Group Spring Street Management Group 196 Wisconsin Senate Bill 942 would increase the state's Low-Income Housing Tax Credit program from $42 million annually to $100 million annually and eliminate the private activity bond requirement for state LIHTC projects. Wisconsin Senate Bill 942 would increase the state's Low-Income Housing Tax Credit program from $42 million annually to $100 million annually and eliminate the private activity bond requirement for state LIHTC projects. LIHTC, Wisconsin, state tax credit, housing finance, affordable housing, housing legislation, bond financing, SB 942, housing development, affordable housing funding, housing news, real estate investing, tax credit expansion, state housing policy No Episode 75: IRS Publishes 2026 LIHTC and PAB Population Figures 75 75 Episode 75: IRS Publishes 2026 LIHTC and PAB Population Figures full 664c8f9d-2102-41a4-a7dd-125734e9244b https://share.transistor.fm/s/e1a62658 Episode 75: IRS Publishes 2026 LIHTC and PAB Population Figures The IRS releases 2026 population figures establishing record LIHTC allocations and private activity bond volume caps. Understand how the $3.05 per-capita multiplier impacts your state's affordable housing pipeline. KEY TAKEAWAYS: • 2026 population figures reflect slight growth from 2025, resulting in record per-capita LIHTC multiplier of $3.05 • This is the highest multiplier in LIHTC history, reflecting population growth and permanent 12% allocation increase under OBBBA • California's 2026 allocation increased by approximately $50 million compared to 2025 • Texas gained roughly $45 million; New York added approximately $35 million • 25% bond threshold reduction means states can finance more LIHTC projects with same volume cap allocation Understanding these figures is essential for developers. The IRS population data determines your state's available LIHTC allocation. Developers should work with their state HFA to understand how much allocation is available, when applications are due, and what the competitive landscape looks like. The record multiplier signals strong market conditions. Syndicators report robust investor appetite for LIHTC equity. Banks are actively competing for LIHTC financing opportunities. Subscribe to The Spring Street Brief for daily insights on LIHTC, Section 8, HUD policy, and affordable housing finance.

]]> Episode 75: IRS Publishes 2026 LIHTC and PAB Population Figures The IRS releases 2026 population figures establishing record LIHTC allocations and private activity bond volume caps. Understand how the $3.05 per-capita multiplier impacts your state's affordable housing pipeline. KEY TAKEAWAYS: • 2026 population figures reflect slight growth from 2025, resulting in record per-capita LIHTC multiplier of $3.05 • This is the highest multiplier in LIHTC history, reflecting population growth and permanent 12% allocation increase under OBBBA • California's 2026 allocation increased by approximately $50 million compared to 2025 • Texas gained roughly $45 million; New York added approximately $35 million • 25% bond threshold reduction means states can finance more LIHTC projects with same volume cap allocation Understanding these figures is essential for developers. The IRS population data determines your state's available LIHTC allocation. Developers should work with their state HFA to understand how much allocation is available, when applications are due, and what the competitive landscape looks like. The record multiplier signals strong market conditions. Syndicators report robust investor appetite for LIHTC equity. Banks are actively competing for LIHTC financing opportunities. Subscribe to The Spring Street Brief for daily insights on LIHTC, Section 8, HUD policy, and affordable housing finance.

]]> Mon, 13 Apr 2026 06:00:00 -0700 Spring Street Management Group Spring Street Management Group 179 The Internal Revenue Service publishes 2026 population figures establishing the baseline for calculating state LIHTC allocations and private activity bond volume caps, resulting in a record per-capita LIHTC multiplier of $3.05. The Internal Revenue Service publishes 2026 population figures establishing the baseline for calculating state LIHTC allocations and private activity bond volume caps, resulting in a record per-capita LIHTC multiplier of $3.05. LIHTC, tax credit, housing finance, IRS, population figures, PAB, private activity bonds, allocation, OBBBA, 9% LIHTC, 4% LIHTC, housing development, affordable housing funding, housing news, real estate investing, tax credit multiplier No Episode 74: Delaware DSHA 2026 LIHTC Applications Open Through April 30 74 74 Episode 74: Delaware DSHA 2026 LIHTC Applications Open Through April 30 full f36e15ce-db39-4614-97b1-978658f49087 https://share.transistor.fm/s/e32b4ce6 Episode 74: Delaware DSHA 2026 LIHTC Applications Open Through April 30 The Delaware State Housing Authority opens 2026 LIHTC applications with an April 30th deadline. Discover how the 25% bond threshold and expanded allocation create opportunities for Mid-Atlantic developers. KEY TAKEAWAYS: • Delaware's 2026 allocation reflects expanded LIHTC resources under OBBBA • State accepting applications for both 9% competitive credits and 4% credits with tax-exempt bond financing • New 25% bond threshold now in effect, enabling more efficient project structuring for acquisition-rehabilitation deals • Delaware faces limited land availability, high construction costs, and significant affordability gaps • DSHA prioritizing projects serving households at or below 60% of area median income The April 30th deadline is firm and non-negotiable. Developers should ensure applications are complete, including site control documentation, preliminary financing commitments, comprehensive market studies, and local government support letters. DSHA has published detailed application guidelines and is available for pre-application meetings to help developers understand requirements and strengthen proposals. Delaware's relatively small allocation means competition is intense. Developers should prioritize projects that are shovel-ready, have strong local support, and address documented housing needs. Subscribe to The Spring Street Brief for daily insights on LIHTC, Section 8, HUD policy, and affordable housing finance.

]]> Episode 74: Delaware DSHA 2026 LIHTC Applications Open Through April 30 The Delaware State Housing Authority opens 2026 LIHTC applications with an April 30th deadline. Discover how the 25% bond threshold and expanded allocation create opportunities for Mid-Atlantic developers. KEY TAKEAWAYS: • Delaware's 2026 allocation reflects expanded LIHTC resources under OBBBA • State accepting applications for both 9% competitive credits and 4% credits with tax-exempt bond financing • New 25% bond threshold now in effect, enabling more efficient project structuring for acquisition-rehabilitation deals • Delaware faces limited land availability, high construction costs, and significant affordability gaps • DSHA prioritizing projects serving households at or below 60% of area median income The April 30th deadline is firm and non-negotiable. Developers should ensure applications are complete, including site control documentation, preliminary financing commitments, comprehensive market studies, and local government support letters. DSHA has published detailed application guidelines and is available for pre-application meetings to help developers understand requirements and strengthen proposals. Delaware's relatively small allocation means competition is intense. Developers should prioritize projects that are shovel-ready, have strong local support, and address documented housing needs. Subscribe to The Spring Street Brief for daily insights on LIHTC, Section 8, HUD policy, and affordable housing finance.

]]> Fri, 10 Apr 2026 06:00:00 -0700 Spring Street Management Group Spring Street Management Group 174 The Delaware State Housing Authority announces that applications for the 2026 Low-Income Housing Tax Credit program are now open, with a deadline of April 30th, representing a critical funding window for Mid-Atlantic developers. The Delaware State Housing Authority announces that applications for the 2026 Low-Income Housing Tax Credit program are now open, with a deadline of April 30th, representing a critical funding window for Mid-Atlantic developers. LIHTC, Delaware, housing finance, state HFA, affordable housing, tax credit, Mid-Atlantic, bond financing, DSHA, 9% LIHTC, 4% LIHTC, housing development, affordable housing funding, housing news, real estate investing, tax credit application No Episode 73: Michigan MSHDA Opens 2026 LIHTC Funding Round 73 73 Episode 73: Michigan MSHDA Opens 2026 LIHTC Funding Round full bafe6619-53c3-4eb9-8a36-ce4a40754717 https://share.transistor.fm/s/533a24f4 Episode 73: Michigan MSHDA Opens 2026 LIHTC Funding Round The Michigan State Housing Development Authority opens applications for the 2026 LIHTC funding round with expanded resources under OBBBA. Learn about the 25% bond threshold and how it affects your project financing. KEY TAKEAWAYS: • Michigan's 2026 allocation reflects the permanent 12% increase in 9% LIHTC authority under OBBBA • State is accepting applications for both 9% competitive credits and 4% credits with tax-exempt bond financing • 25% bond threshold now in effect, reducing bond financing requirements from 50% to 25% of aggregate eligible basis • Michigan faces an estimated shortage of over 200,000 affordable rental units • MSHDA prioritizing projects serving extremely low-income households and demonstrating strong development capacity Key application requirements include demonstrated experience with similar projects, site control documentation, preliminary financing commitments, comprehensive market studies, and local government support letters. Applications demonstrating readiness to proceed with construction within 12 months score highest in MSHDA's evaluation process. This episode covers Michigan's 2026 LIHTC funding opportunity and what developers need to know to compete successfully. Subscribe to The Spring Street Brief for daily insights on LIHTC, Section 8, HUD policy, and affordable housing finance.

]]> Episode 73: Michigan MSHDA Opens 2026 LIHTC Funding Round The Michigan State Housing Development Authority opens applications for the 2026 LIHTC funding round with expanded resources under OBBBA. Learn about the 25% bond threshold and how it affects your project financing. KEY TAKEAWAYS: • Michigan's 2026 allocation reflects the permanent 12% increase in 9% LIHTC authority under OBBBA • State is accepting applications for both 9% competitive credits and 4% credits with tax-exempt bond financing • 25% bond threshold now in effect, reducing bond financing requirements from 50% to 25% of aggregate eligible basis • Michigan faces an estimated shortage of over 200,000 affordable rental units • MSHDA prioritizing projects serving extremely low-income households and demonstrating strong development capacity Key application requirements include demonstrated experience with similar projects, site control documentation, preliminary financing commitments, comprehensive market studies, and local government support letters. Applications demonstrating readiness to proceed with construction within 12 months score highest in MSHDA's evaluation process. This episode covers Michigan's 2026 LIHTC funding opportunity and what developers need to know to compete successfully. Subscribe to The Spring Street Brief for daily insights on LIHTC, Section 8, HUD policy, and affordable housing finance.

]]> Thu, 09 Apr 2026 06:00:00 -0700 Spring Street Management Group Spring Street Management Group 176 The Michigan State Housing Development Authority announces that applications are now open for the 2026 Low-Income Housing Tax Credit funding round, reflecting expanded LIHTC resources under the One Big Beautiful Bill Act. The Michigan State Housing Development Authority announces that applications are now open for the 2026 Low-Income Housing Tax Credit funding round, reflecting expanded LIHTC resources under the One Big Beautiful Bill Act. LIHTC, Michigan, housing finance, state HFA, affordable housing, tax credit, OBBBA, bond financing, MSHDA, 9% LIHTC, 4% LIHTC, housing development, affordable housing funding, housing news, real estate investing, tax credit allocation No Episode 72: California AB 2122 Would Allow LIHTC Lease Nonrenewals for Renovations 72 72 Episode 72: California AB 2122 Would Allow LIHTC Lease Nonrenewals for Renovations full 8bae93ea-2541-44f8-b18d-6f7d89560864 https://share.transistor.fm/s/5ce4cac9 Episode 72: California AB 2122 Would Allow LIHTC Lease Nonrenewals for Renovations California Assembly Bill 2122 could reshape LIHTC property management by allowing lease nonrenewals for major renovations or sales. Understand the implications for property owners and tenants in the nation's largest LIHTC market. KEY TAKEAWAYS: • Current California law generally requires LIHTC properties to renew leases for eligible tenants • AB 2122 would create exceptions allowing nonrenewal if property is undergoing substantial rehabilitation or being sold • Could affect tens of thousands of LIHTC residents in California, the nation's largest LIHTC market • Property owners argue flexibility is necessary for property preservation and modernization • Tenant advocates warn it could displace vulnerable residents The April 22nd hearing will be critical. Expect testimony from property owners, tenant advocates, housing finance agencies, and community organizations. The outcome could influence similar legislation in other states. California's policy decisions often set precedent for the broader affordable housing industry. For LIHTC property owners in California, this is essential to monitor. If AB 2122 passes, it could significantly change your lease renewal obligations and your ability to execute capital improvement plans. Subscribe to The Spring Street Brief for daily insights on LIHTC, Section 8, HUD policy, and affordable housing finance.

]]> Episode 72: California AB 2122 Would Allow LIHTC Lease Nonrenewals for Renovations California Assembly Bill 2122 could reshape LIHTC property management by allowing lease nonrenewals for major renovations or sales. Understand the implications for property owners and tenants in the nation's largest LIHTC market. KEY TAKEAWAYS: • Current California law generally requires LIHTC properties to renew leases for eligible tenants • AB 2122 would create exceptions allowing nonrenewal if property is undergoing substantial rehabilitation or being sold • Could affect tens of thousands of LIHTC residents in California, the nation's largest LIHTC market • Property owners argue flexibility is necessary for property preservation and modernization • Tenant advocates warn it could displace vulnerable residents The April 22nd hearing will be critical. Expect testimony from property owners, tenant advocates, housing finance agencies, and community organizations. The outcome could influence similar legislation in other states. California's policy decisions often set precedent for the broader affordable housing industry. For LIHTC property owners in California, this is essential to monitor. If AB 2122 passes, it could significantly change your lease renewal obligations and your ability to execute capital improvement plans. Subscribe to The Spring Street Brief for daily insights on LIHTC, Section 8, HUD policy, and affordable housing finance.

]]> Wed, 08 Apr 2026 06:00:00 -0700 Spring Street Management Group Spring Street Management Group 161 California Assembly Bill 2122, scheduled for hearing April 22nd, would allow LIHTC property owners to decline lease renewals for residents to facilitate major renovations or property sales, sparking debate among developers and tenant advocates. California Assembly Bill 2122, scheduled for hearing April 22nd, would allow LIHTC property owners to decline lease renewals for residents to facilitate major renovations or property sales, sparking debate among developers and tenant advocates. LIHTC, California, tenant protections, lease renewal, affordable housing, housing policy, property preservation, AB 2122, housing legislation, California housing, tenant rights, LIHTC property management, affordable housing news, housing development, real estate policy No Episode 71: Five Star Bank Commits $10 Million to San Diego Supportive Housing 71 71 Episode 71: Five Star Bank Commits $10 Million to San Diego Supportive Housing full cb5252dc-154c-4d34-b5eb-b210867fb96e https://share.transistor.fm/s/e10810c9 Episode 71: Five Star Bank Commits $10 Million to San Diego Supportive Housing Five Star Bank announces a major $10 million LIHTC equity commitment to the Marvel in the Mission, a 136-unit permanent supportive housing development in San Diego. Discover what this signals about investor appetite for supportive housing deals. KEY TAKEAWAYS: • 100% of units targeted at or below 30% of area median income • Project combines 4% LIHTC with tax-exempt bond financing, city gap financing, and private equity • Construction costs exceed $600,000 per unit in San Diego • Supportive housing projects demonstrate strong financial performance and deep social impact • On-site wraparound services include case management, mental health services, substance abuse treatment, and employment support For developers and syndicators, this signals continued strong investor interest in supportive housing. Banks and institutional investors recognize both the social impact and the financial stability of supportive housing projects with wraparound services. Supportive housing has lower turnover rates and stronger rent collection than conventional affordable housing. This episode explores the Five Star Bank commitment and what it means for supportive housing development in high-cost markets like San Diego. Subscribe to The Spring Street Brief for daily insights on LIHTC, Section 8, HUD policy, and affordable housing finance.

]]> Episode 71: Five Star Bank Commits $10 Million to San Diego Supportive Housing Five Star Bank announces a major $10 million LIHTC equity commitment to the Marvel in the Mission, a 136-unit permanent supportive housing development in San Diego. Discover what this signals about investor appetite for supportive housing deals. KEY TAKEAWAYS: • 100% of units targeted at or below 30% of area median income • Project combines 4% LIHTC with tax-exempt bond financing, city gap financing, and private equity • Construction costs exceed $600,000 per unit in San Diego • Supportive housing projects demonstrate strong financial performance and deep social impact • On-site wraparound services include case management, mental health services, substance abuse treatment, and employment support For developers and syndicators, this signals continued strong investor interest in supportive housing. Banks and institutional investors recognize both the social impact and the financial stability of supportive housing projects with wraparound services. Supportive housing has lower turnover rates and stronger rent collection than conventional affordable housing. This episode explores the Five Star Bank commitment and what it means for supportive housing development in high-cost markets like San Diego. Subscribe to The Spring Street Brief for daily insights on LIHTC, Section 8, HUD policy, and affordable housing finance.

]]> Tue, 07 Apr 2026 06:00:00 -0700 Spring Street Management Group Spring Street Management Group 160 Five Star Bank announces a $10 million LIHTC equity commitment to the Marvel in the Mission, a 136-unit permanent supportive housing development in San Diego's Mission District. Five Star Bank announces a $10 million LIHTC equity commitment to the Marvel in the Mission, a 136-unit permanent supportive housing development in San Diego's Mission District. LIHTC, supportive housing, affordable housing, San Diego, housing finance, tax credit equity, permanent supportive housing, Five Star Bank, 4% LIHTC, LIHTC equity pricing, housing development, multifamily housing, affordable housing investment, housing news, real estate finance No Episode 70: Forbes Report Highlights LIHTC Qualified Contract Loophole 70 70 Episode 70: Forbes Report Highlights LIHTC Qualified Contract Loophole full 492f73ec-2b18-4cf4-bcc9-284642ff35f6 https://share.transistor.fm/s/9c597be7 Episode 70: Forbes Report Highlights LIHTC Qualified Contract Loophole A critical loophole in LIHTC qualified contracts allows properties to exit affordability requirements after just 30 years. Learn how this impacts 500,000+ affordable units and what preservation strategies are available. KEY TAKEAWAYS: • Properties representing over 500,000 affordable units will reach their 30-year compliance period end between 2026 and 2035 • In some states, this represents 20-30% of the existing LIHTC stock • The Affordable Housing Credit Improvement Act includes preservation provisions that could address this gap • State housing finance agencies are exploring preservation programs and right-of-first-refusal policies For property owners, this creates both risk and opportunity. Owners approaching compliance period end should understand their options for refinancing, preservation, or transition. For developers and syndicators, preservation deals may become increasingly attractive as the market recognizes the value of maintaining affordability. LIHTC preservation is critical to maintaining America's affordable housing stock. This episode breaks down the qualified contract loophole and what it means for your portfolio. Subscribe to The Spring Street Brief for daily insights on LIHTC, Section 8, HUD policy, and affordable housing finance.

]]> Episode 70: Forbes Report Highlights LIHTC Qualified Contract Loophole A critical loophole in LIHTC qualified contracts allows properties to exit affordability requirements after just 30 years. Learn how this impacts 500,000+ affordable units and what preservation strategies are available. KEY TAKEAWAYS: • Properties representing over 500,000 affordable units will reach their 30-year compliance period end between 2026 and 2035 • In some states, this represents 20-30% of the existing LIHTC stock • The Affordable Housing Credit Improvement Act includes preservation provisions that could address this gap • State housing finance agencies are exploring preservation programs and right-of-first-refusal policies For property owners, this creates both risk and opportunity. Owners approaching compliance period end should understand their options for refinancing, preservation, or transition. For developers and syndicators, preservation deals may become increasingly attractive as the market recognizes the value of maintaining affordability. LIHTC preservation is critical to maintaining America's affordable housing stock. This episode breaks down the qualified contract loophole and what it means for your portfolio. Subscribe to The Spring Street Brief for daily insights on LIHTC, Section 8, HUD policy, and affordable housing finance.

]]> Mon, 06 Apr 2026 06:00:00 -0700 Spring Street Management Group Spring Street Management Group 202 A Forbes analysis reveals a critical loophole in LIHTC qualified contracts allowing properties to exit affordability requirements after 30 years, threatening hundreds of thousands of units with market-rate conversion. A Forbes analysis reveals a critical loophole in LIHTC qualified contracts allowing properties to exit affordability requirements after 30 years, threatening hundreds of thousands of units with market-rate conversion. LIHTC, Low-Income Housing Tax Credit, qualified contract, compliance period, affordable housing preservation, housing policy, tax credit loophole, Forbes, property preservation, housing finance, real estate investing, tax credit investing, LIHTC preservation, affordable housing news, housing development No Episode 69: States Expand Revolving Loan Funds for Mixed-Income Housing 69 69 Episode 69: States Expand Revolving Loan Funds for Mixed-Income Housing full 9a8bfcf0-cdc7-4644-9b72-12298d92f5a7 https://share.transistor.fm/s/53ae85cc From Spring Street Management Group, this is The Spring Street Brief — your daily briefing on affordable housing in America. Today we discuss state expansion of revolving loan funds for mixed-income housing development.

  • Multiple states expanding revolving loan fund programs for affordable and mixed-income housing
  • Funds offer below-market loans layered with LIHTC to improve project feasibility
  • Revolving structure allows repayments to support future developments
  • Wyoming Community Development Authority among states enhancing fund capacity
  • Oversubscription in recent rounds indicates strong developer demand
  • Repayment requirement encourages financial discipline while recycling capital
  • Funds fill widening gap between debt capacity, equity, and total development costs

The expansion of state revolving funds complements federal LIHTC increases under OBBBA. More credit authority creates more deals requiring gap financing.

Subscribe to The Spring Street Brief for daily insights on LIHTC, Section 8, HUD policy, and affordable housing finance.

Keywords: revolving loan fund, gap financing, mixed-income housing, LIHTC, affordable housing, state housing finance agency, Wyoming, Community Development Authority, below-market loans, construction costs, OBBBA, One Big Beautiful Bill Act, workforce housing, economic integration, residual receipts, refinancing, capital recycling, Spring Street Management Group]]>

]]> From Spring Street Management Group, this is The Spring Street Brief — your daily briefing on affordable housing in America. Today we discuss state expansion of revolving loan funds for mixed-income housing development.

  • Multiple states expanding revolving loan fund programs for affordable and mixed-income housing
  • Funds offer below-market loans layered with LIHTC to improve project feasibility
  • Revolving structure allows repayments to support future developments
  • Wyoming Community Development Authority among states enhancing fund capacity
  • Oversubscription in recent rounds indicates strong developer demand
  • Repayment requirement encourages financial discipline while recycling capital
  • Funds fill widening gap between debt capacity, equity, and total development costs

The expansion of state revolving funds complements federal LIHTC increases under OBBBA. More credit authority creates more deals requiring gap financing.

Subscribe to The Spring Street Brief for daily insights on LIHTC, Section 8, HUD policy, and affordable housing finance.

Keywords: revolving loan fund, gap financing, mixed-income housing, LIHTC, affordable housing, state housing finance agency, Wyoming, Community Development Authority, below-market loans, construction costs, OBBBA, One Big Beautiful Bill Act, workforce housing, economic integration, residual receipts, refinancing, capital recycling, Spring Street Management Group]]>

]]> Fri, 03 Apr 2026 06:00:00 -0700 Spring Street Management Group Spring Street Management Group 179 Multiple states expand revolving loan fund programs providing gap financing for affordable and mixed-income housing, complementing expanded federal LIHTC allocations. Multiple states expand revolving loan fund programs providing gap financing for affordable and mixed-income housing, complementing expanded federal LIHTC allocations. revolving loan fund, gap financing, mixed-income housing, LIHTC, affordable housing, state housing finance agency, Wyoming, Community Development Authority, below-market loans, construction costs, OBBBA, One Big Beautiful Bill Act, workforce housing, economic integration, residual receipts, refinancing, capital recycling, Spring Street Management Group No Episode 68: Oklahoma Housing Paradox Highlights LIHTC Targeting Challenges 68 68 Episode 68: Oklahoma Housing Paradox Highlights LIHTC Targeting Challenges full 0faff4c8-d7fb-4b1c-b662-7815d79dc3b3 https://share.transistor.fm/s/d6e82440 From Spring Street Management Group, this is The Spring Street Brief — your daily briefing on affordable housing in America. Today we discuss Oklahoma's housing affordability paradox and its implications for LIHTC development.

  • Oklahoma Watch analysis reveals paradox: vacant rental units exist yet affordable options remain scarce
  • Disconnect illustrates limitations of supply-side solutions alone for affordability
  • OHFA has made significant LIHTC investments over 50-year history
  • Mismatch persists for extremely low-income renters below 30% AMI
  • Market-rate vacancy doesn't translate to affordability for lowest-income households
  • OHFA QAP includes incentives for lower income tiers but economics remain challenging
  • 30% AMI targeting requires substantial additional subsidy beyond LIHTC equity

As LIHTC allocations expand under OBBBA, ensuring production reaches households with greatest need requires intentional QAP targeting and complementary resources like project-based vouchers.

Subscribe to The Spring Street Brief for daily insights on LIHTC, Section 8, HUD policy, and affordable housing finance.

Keywords: Oklahoma, OHFA, Oklahoma Housing Finance Agency, LIHTC, affordable housing, housing paradox, vacancy rate, extremely low-income, 30% AMI, income targeting, QAP, Qualified Allocation Plan, project-based vouchers, Section 8, Housing Choice Voucher, supply-side, housing shortage, deep affordability, gap financing, Spring Street Management Group]]>

]]> From Spring Street Management Group, this is The Spring Street Brief — your daily briefing on affordable housing in America. Today we discuss Oklahoma's housing affordability paradox and its implications for LIHTC development.

  • Oklahoma Watch analysis reveals paradox: vacant rental units exist yet affordable options remain scarce
  • Disconnect illustrates limitations of supply-side solutions alone for affordability
  • OHFA has made significant LIHTC investments over 50-year history
  • Mismatch persists for extremely low-income renters below 30% AMI
  • Market-rate vacancy doesn't translate to affordability for lowest-income households
  • OHFA QAP includes incentives for lower income tiers but economics remain challenging
  • 30% AMI targeting requires substantial additional subsidy beyond LIHTC equity

As LIHTC allocations expand under OBBBA, ensuring production reaches households with greatest need requires intentional QAP targeting and complementary resources like project-based vouchers.

Subscribe to The Spring Street Brief for daily insights on LIHTC, Section 8, HUD policy, and affordable housing finance.

Keywords: Oklahoma, OHFA, Oklahoma Housing Finance Agency, LIHTC, affordable housing, housing paradox, vacancy rate, extremely low-income, 30% AMI, income targeting, QAP, Qualified Allocation Plan, project-based vouchers, Section 8, Housing Choice Voucher, supply-side, housing shortage, deep affordability, gap financing, Spring Street Management Group]]>

]]> Thu, 02 Apr 2026 06:00:00 -0700 Spring Street Management Group Spring Street Management Group 162 Oklahoma Watch analysis reveals housing paradox: vacant units exist statewide yet affordable options remain scarce, highlighting LIHTC income targeting challenges. Oklahoma Watch analysis reveals housing paradox: vacant units exist statewide yet affordable options remain scarce, highlighting LIHTC income targeting challenges. Oklahoma, OHFA, Oklahoma Housing Finance Agency, LIHTC, affordable housing, housing paradox, vacancy rate, extremely low-income, 30% AMI, income targeting, QAP, Qualified Allocation Plan, project-based vouchers, Section 8, Housing Choice Voucher, supply-side, housing shortage, deep affordability, gap financing, Spring Street Management Group No Episode 67: North Carolina House Committee Debates LIHTC Tax Loophole 67 67 Episode 67: North Carolina House Committee Debates LIHTC Tax Loophole full 89562ea9-3767-4f0f-b606-e1e36bf10e52 https://share.transistor.fm/s/d7577fcf From Spring Street Management Group, this is The Spring Street Brief — your daily briefing on affordable housing in America. Today we discuss North Carolina's legislative debate over LIHTC property taxation.

  • North Carolina House Committee considers legislation on LIHTC property tax treatment
  • Some jurisdictions assess LIHTC properties at values reflecting income-restricted rents
  • Critics argue reduced assessments shift tax burden to other property owners
  • Advocates counter that assessments appropriately reflect deed-restricted market value
  • Higher property taxes would increase operating costs and potentially threaten financial viability
  • NC Housing Finance Agency testified on potential pipeline impacts from changes
  • Committee examining PILOT agreements and standardized assessment methodologies from other states

Developers with North Carolina projects should monitor this legislation closely. Changes could affect pending applications and existing properties approaching compliance period end.

Subscribe to The Spring Street Brief for daily insights on LIHTC, Section 8, HUD policy, and affordable housing finance.

Keywords: North Carolina, NCHFA, North Carolina Housing Finance Agency, LIHTC, property tax, tax assessment, deed restriction, income-restricted rents, PILOT, payment in lieu of taxes, operating costs, net operating income, debt capacity, equity pricing, affordable housing production, compliance period, tax loophole, Spring Street Management Group]]>

]]> From Spring Street Management Group, this is The Spring Street Brief — your daily briefing on affordable housing in America. Today we discuss North Carolina's legislative debate over LIHTC property taxation.

  • North Carolina House Committee considers legislation on LIHTC property tax treatment
  • Some jurisdictions assess LIHTC properties at values reflecting income-restricted rents
  • Critics argue reduced assessments shift tax burden to other property owners
  • Advocates counter that assessments appropriately reflect deed-restricted market value
  • Higher property taxes would increase operating costs and potentially threaten financial viability
  • NC Housing Finance Agency testified on potential pipeline impacts from changes
  • Committee examining PILOT agreements and standardized assessment methodologies from other states

Developers with North Carolina projects should monitor this legislation closely. Changes could affect pending applications and existing properties approaching compliance period end.

Subscribe to The Spring Street Brief for daily insights on LIHTC, Section 8, HUD policy, and affordable housing finance.

Keywords: North Carolina, NCHFA, North Carolina Housing Finance Agency, LIHTC, property tax, tax assessment, deed restriction, income-restricted rents, PILOT, payment in lieu of taxes, operating costs, net operating income, debt capacity, equity pricing, affordable housing production, compliance period, tax loophole, Spring Street Management Group]]>

]]> Wed, 01 Apr 2026 06:00:00 -0700 Spring Street Management Group Spring Street Management Group 171 North Carolina House Committee considers legislation addressing property tax treatment of LIHTC developments, highlighting tensions between production and local revenues. North Carolina House Committee considers legislation addressing property tax treatment of LIHTC developments, highlighting tensions between production and local revenues. North Carolina, NCHFA, North Carolina Housing Finance Agency, LIHTC, property tax, tax assessment, deed restriction, income-restricted rents, PILOT, payment in lieu of taxes, operating costs, net operating income, debt capacity, equity pricing, affordable housing production, compliance period, tax loophole, Spring Street Management Group No Episode 66: FHFA Doubles GSE Annual LIHTC Investment Cap to $2 Billion Each 66 66 Episode 66: FHFA Doubles GSE Annual LIHTC Investment Cap to $2 Billion Each full 7c63223e-fcfa-4fe7-acd5-e241b8eeb0a7 https://share.transistor.fm/s/664be969 From Spring Street Management Group, this is The Spring Street Brief — your daily briefing on affordable housing in America. Today we discuss FHFA's expansion of GSE LIHTC investment authority.

  • FHFA doubles annual LIHTC equity investment cap for Fannie Mae and Freddie Mac to $2 billion each
  • Total GSE LIHTC investment capacity now $4 billion annually, up from $2 billion
  • At least 50% of investments must support underserved markets
  • 20% of underserved allocation specifically directed to rural areas
  • GSE investments provide countercyclical market stability during reduced bank appetite periods
  • Expanded caps coincide with larger LIHTC pipeline from OBBBA allocation increase
  • GSE participation valuable for deals in smaller markets less attractive to traditional bank investors

Developers should note GSE investments come with specific underwriting requirements and reporting obligations. Work with experienced syndicators for smooth execution.

Subscribe to The Spring Street Brief for daily insights on LIHTC, Section 8, HUD policy, and affordable housing finance.

Keywords: FHFA, Federal Housing Finance Agency, Fannie Mae, Freddie Mac, GSE, LIHTC equity, investment cap, underserved markets, rural housing, tax credit investor, syndicator, countercyclical, market stability, OBBBA, affordable housing goals, bank investors, underwriting requirements, Spring Street Management Group]]>

]]> From Spring Street Management Group, this is The Spring Street Brief — your daily briefing on affordable housing in America. Today we discuss FHFA's expansion of GSE LIHTC investment authority.

  • FHFA doubles annual LIHTC equity investment cap for Fannie Mae and Freddie Mac to $2 billion each
  • Total GSE LIHTC investment capacity now $4 billion annually, up from $2 billion
  • At least 50% of investments must support underserved markets
  • 20% of underserved allocation specifically directed to rural areas
  • GSE investments provide countercyclical market stability during reduced bank appetite periods
  • Expanded caps coincide with larger LIHTC pipeline from OBBBA allocation increase
  • GSE participation valuable for deals in smaller markets less attractive to traditional bank investors

Developers should note GSE investments come with specific underwriting requirements and reporting obligations. Work with experienced syndicators for smooth execution.

Subscribe to The Spring Street Brief for daily insights on LIHTC, Section 8, HUD policy, and affordable housing finance.

Keywords: FHFA, Federal Housing Finance Agency, Fannie Mae, Freddie Mac, GSE, LIHTC equity, investment cap, underserved markets, rural housing, tax credit investor, syndicator, countercyclical, market stability, OBBBA, affordable housing goals, bank investors, underwriting requirements, Spring Street Management Group]]>

]]> Tue, 31 Mar 2026 06:00:00 -0700 Spring Street Management Group Spring Street Management Group 174 Federal Housing Finance Agency doubles Fannie Mae and Freddie Mac annual LIHTC investment caps to $2 billion each, with 50% targeting underserved markets. Federal Housing Finance Agency doubles Fannie Mae and Freddie Mac annual LIHTC investment caps to $2 billion each, with 50% targeting underserved markets. FHFA, Federal Housing Finance Agency, Fannie Mae, Freddie Mac, GSE, LIHTC equity, investment cap, underserved markets, rural housing, tax credit investor, syndicator, countercyclical, market stability, OBBBA, affordable housing goals, bank investors, underwriting requirements, Spring Street Management Group No Episode 65: Hawaii HHFDC Opens 2026 LIHTC and Bond Funding Round 65 65 Episode 65: Hawaii HHFDC Opens 2026 LIHTC and Bond Funding Round full 62d4aa33-9fc9-4a18-bfa4-19bae960cdcd https://share.transistor.fm/s/ec558616 From Spring Street Management Group, this is The Spring Street Brief — your daily briefing on affordable housing in America. Today we discuss Hawaii's 2026 affordable housing funding round.

  • Hawaii HHFDC announces 2026 funding round combining LIHTC, Hula Mae bonds, and Rental Housing Revolving Fund
  • Hawaii faces among highest housing costs nationally with Honolulu median rents exceeding $2,500
  • Geographic isolation and limited land create unique development constraints requiring deep subsidy
  • Hula Mae program provides tax-exempt bond financing paired with 4% LIHTC
  • 25% bond threshold enables more projects to qualify with smaller bond allocations
  • Rental Housing Revolving Fund offers below-market gap financing loans
  • QAP priorities include neighbor island projects and Native Hawaiian community developments

Construction costs in Hawaii typically exceed mainland averages by 30% or more. Developers should build appropriate contingencies into applications.

Subscribe to The Spring Street Brief for daily insights on LIHTC, Section 8, HUD policy, and affordable housing finance.

Keywords: Hawaii, HHFDC, Hawaii Housing Finance and Development Corporation, LIHTC, 4% LIHTC, Hula Mae, tax-exempt bonds, Rental Housing Revolving Fund, Honolulu, neighbor islands, Native Hawaiian, bond volume cap, 25% threshold, construction costs, gap financing, QAP, sustainable building, affordable housing, Spring Street Management Group]]>

]]> From Spring Street Management Group, this is The Spring Street Brief — your daily briefing on affordable housing in America. Today we discuss Hawaii's 2026 affordable housing funding round.

  • Hawaii HHFDC announces 2026 funding round combining LIHTC, Hula Mae bonds, and Rental Housing Revolving Fund
  • Hawaii faces among highest housing costs nationally with Honolulu median rents exceeding $2,500
  • Geographic isolation and limited land create unique development constraints requiring deep subsidy
  • Hula Mae program provides tax-exempt bond financing paired with 4% LIHTC
  • 25% bond threshold enables more projects to qualify with smaller bond allocations
  • Rental Housing Revolving Fund offers below-market gap financing loans
  • QAP priorities include neighbor island projects and Native Hawaiian community developments

Construction costs in Hawaii typically exceed mainland averages by 30% or more. Developers should build appropriate contingencies into applications.

Subscribe to The Spring Street Brief for daily insights on LIHTC, Section 8, HUD policy, and affordable housing finance.

Keywords: Hawaii, HHFDC, Hawaii Housing Finance and Development Corporation, LIHTC, 4% LIHTC, Hula Mae, tax-exempt bonds, Rental Housing Revolving Fund, Honolulu, neighbor islands, Native Hawaiian, bond volume cap, 25% threshold, construction costs, gap financing, QAP, sustainable building, affordable housing, Spring Street Management Group]]>

]]> Mon, 30 Mar 2026 06:00:00 -0700 Spring Street Management Group Spring Street Management Group 158 Hawaii Housing Finance and Development Corporation announces 2026 funding round combining LIHTC with Hula Mae bonds and Rental Housing Revolving Fund. Hawaii Housing Finance and Development Corporation announces 2026 funding round combining LIHTC with Hula Mae bonds and Rental Housing Revolving Fund. Hawaii, HHFDC, Hawaii Housing Finance and Development Corporation, LIHTC, 4% LIHTC, Hula Mae, tax-exempt bonds, Rental Housing Revolving Fund, Honolulu, neighbor islands, Native Hawaiian, bond volume cap, 25% threshold, construction costs, gap financing, QAP, sustainable building, affordable housing, Spring Street Management Group No Episode 64: Arizona Releases 2026 9% LIHTC and NHTF NOFA 64 64 Episode 64: Arizona Releases 2026 9% LIHTC and NHTF NOFA full 9cf34608-4e09-4535-a51d-d08a4840a80d https://share.transistor.fm/s/66725e58 From Spring Street Management Group, this is The Spring Street Brief — your daily briefing on affordable housing in America. Today we discuss Arizona's 2026 funding availability for 9% LIHTC and National Housing Trust Fund resources.

  • Arizona Department of Housing releases 2026 NOFA for 9% LIHTC and National Housing Trust Fund
  • NOFA implements 2026-2027 Qualified Allocation Plan for competitive funding round
  • 2026 allocation reflects enhanced federal per capita amount following OBBBA increase
  • Priority for projects serving extremely low-income households at or below 30% AMI
  • NHTF provides gap financing with 30-year affordability requirements for deeper targeting
  • Geographic set-asides ensure distribution across rural areas, tribal lands, and smaller metros
  • QAP scoring emphasizes readiness with points for 12-month construction start capability

Arizona faces estimated shortage of over 140,000 affordable rental units, particularly in the Phoenix metropolitan area.

Subscribe to The Spring Street Brief for daily insights on LIHTC, Section 8, HUD policy, and affordable housing finance.

Keywords: Arizona, Arizona Department of Housing, ADOH, LIHTC, 9% LIHTC, National Housing Trust Fund, NHTF, NOFA, Notice of Funding Availability, QAP, Qualified Allocation Plan, extremely low-income, 30% AMI, Phoenix, Tucson, tribal lands, rural housing, gap financing, site control, affordable housing shortage, Spring Street Management Group]]>

]]> From Spring Street Management Group, this is The Spring Street Brief — your daily briefing on affordable housing in America. Today we discuss Arizona's 2026 funding availability for 9% LIHTC and National Housing Trust Fund resources.

  • Arizona Department of Housing releases 2026 NOFA for 9% LIHTC and National Housing Trust Fund
  • NOFA implements 2026-2027 Qualified Allocation Plan for competitive funding round
  • 2026 allocation reflects enhanced federal per capita amount following OBBBA increase
  • Priority for projects serving extremely low-income households at or below 30% AMI
  • NHTF provides gap financing with 30-year affordability requirements for deeper targeting
  • Geographic set-asides ensure distribution across rural areas, tribal lands, and smaller metros
  • QAP scoring emphasizes readiness with points for 12-month construction start capability

Arizona faces estimated shortage of over 140,000 affordable rental units, particularly in the Phoenix metropolitan area.

Subscribe to The Spring Street Brief for daily insights on LIHTC, Section 8, HUD policy, and affordable housing finance.

Keywords: Arizona, Arizona Department of Housing, ADOH, LIHTC, 9% LIHTC, National Housing Trust Fund, NHTF, NOFA, Notice of Funding Availability, QAP, Qualified Allocation Plan, extremely low-income, 30% AMI, Phoenix, Tucson, tribal lands, rural housing, gap financing, site control, affordable housing shortage, Spring Street Management Group]]>

]]> Fri, 27 Mar 2026 06:00:00 -0700 Spring Street Management Group Spring Street Management Group 131 Arizona Department of Housing releases 2026 Notice of Funding Availability combining 9% LIHTC with National Housing Trust Fund allocations under the new QAP. Arizona Department of Housing releases 2026 Notice of Funding Availability combining 9% LIHTC with National Housing Trust Fund allocations under the new QAP. Arizona, Arizona Department of Housing, ADOH, LIHTC, 9% LIHTC, National Housing Trust Fund, NHTF, NOFA, Notice of Funding Availability, QAP, Qualified Allocation Plan, extremely low-income, 30% AMI, Phoenix, Tucson, tribal lands, rural housing, gap financing, site control, affordable housing shortage, Spring Street Management Group No Episode 63: Minnesota HFA Details OBBBA Implementation Impact 63 63 Episode 63: Minnesota HFA Details OBBBA Implementation Impact full a2f38fda-2c4e-4f9f-88e9-1b5616fe3c61 https://share.transistor.fm/s/65b8ff1c From Spring Street Management Group, this is The Spring Street Brief — your daily briefing on affordable housing in America. Today we discuss Minnesota Housing Finance Agency's analysis of the One Big Beautiful Bill Act's implementation.

  • Minnesota Housing submits detailed correspondence to state legislators on OBBBA impact
  • 12% per capita increase translates to approximately $8 million additional annual credit authority
  • Expansion enables estimated 400-500 additional affordable units per year in Minnesota
  • 25% bond threshold expands eligibility for acquisition-rehabilitation projects
  • Reduced bond proceeds create new gap financing challenges requiring creative solutions
  • Private activity bond volume cap coordination remains essential across four issuing agencies
  • Permanent allocation increase provides long-term planning certainty for development pipelines

Minnesota Housing is updating underwriting standards and encourages developers to schedule pre-application meetings to discuss project-specific impacts.

Subscribe to The Spring Street Brief for daily insights on LIHTC, Section 8, HUD policy, and affordable housing finance.

Keywords: Minnesota Housing, Minnesota HFA, OBBBA, One Big Beautiful Bill Act, LIHTC, 9% LIHTC, 4% LIHTC, per capita allocation, private activity bonds, PAB, bond volume cap, acquisition-rehabilitation, gap financing, QAP, Qualified Allocation Plan, underwriting standards, affordable housing production, state housing finance agency, Spring Street Management Group]]>

]]> From Spring Street Management Group, this is The Spring Street Brief — your daily briefing on affordable housing in America. Today we discuss Minnesota Housing Finance Agency's analysis of the One Big Beautiful Bill Act's implementation.

  • Minnesota Housing submits detailed correspondence to state legislators on OBBBA impact
  • 12% per capita increase translates to approximately $8 million additional annual credit authority
  • Expansion enables estimated 400-500 additional affordable units per year in Minnesota
  • 25% bond threshold expands eligibility for acquisition-rehabilitation projects
  • Reduced bond proceeds create new gap financing challenges requiring creative solutions
  • Private activity bond volume cap coordination remains essential across four issuing agencies
  • Permanent allocation increase provides long-term planning certainty for development pipelines

Minnesota Housing is updating underwriting standards and encourages developers to schedule pre-application meetings to discuss project-specific impacts.

Subscribe to The Spring Street Brief for daily insights on LIHTC, Section 8, HUD policy, and affordable housing finance.

Keywords: Minnesota Housing, Minnesota HFA, OBBBA, One Big Beautiful Bill Act, LIHTC, 9% LIHTC, 4% LIHTC, per capita allocation, private activity bonds, PAB, bond volume cap, acquisition-rehabilitation, gap financing, QAP, Qualified Allocation Plan, underwriting standards, affordable housing production, state housing finance agency, Spring Street Management Group]]>

]]> Thu, 26 Mar 2026 06:00:00 -0700 Spring Street Management Group Spring Street Management Group 206 Minnesota Housing Finance Agency provides comprehensive analysis of One Big Beautiful Bill Act implementation, detailing $8 million in additional annual credit authority. Minnesota Housing Finance Agency provides comprehensive analysis of One Big Beautiful Bill Act implementation, detailing $8 million in additional annual credit authority. Minnesota Housing, Minnesota HFA, OBBBA, One Big Beautiful Bill Act, LIHTC, 9% LIHTC, 4% LIHTC, per capita allocation, private activity bonds, PAB, bond volume cap, acquisition-rehabilitation, gap financing, QAP, Qualified Allocation Plan, underwriting standards, affordable housing production, state housing finance agency, Spring Street Management Group No Episode 62: CREA Closes Record $403 Million LIHTC Fund 62 62 Episode 62: CREA Closes Record $403 Million LIHTC Fund full bd4a2609-b76d-4dd9-8e6a-8ff766d18fd3 https://share.transistor.fm/s/de2415f6 From Spring Street Management Group, this is The Spring Street Brief — your daily briefing on affordable housing in America. Today we discuss CREA's record-breaking LIHTC fund closing.

  • CREA closes largest-ever LIHTC fund at $403 million for affordable housing developments nationwide
  • Fund reflects expanded pipeline from 12% OBBBA allocation increase and 25% bond threshold
  • Investor base includes regional and national banks seeking CRA credit, insurance companies, and ESG-focused corporations
  • Fund oversubscription indicates capital availability not currently constraining production
  • Pricing in mid-80s to low-90s cents per dollar of credit, consistent with 2026 market trends
  • Fund prioritizes high-opportunity areas and extremely low-income household projects
  • Geographic diversity across Midwest, Southeast, and Western regions

For developers, the successful closing signals equity availability for well-structured deals throughout 2026. Key constraints remain gap financing and construction cost management.

Subscribe to The Spring Street Brief for daily insights on LIHTC, Section 8, HUD policy, and affordable housing finance.

Keywords: CREA, Community Reinvestment Act, LIHTC fund, tax credit equity, syndicator, affordable housing investment, CRA credit, ESG, OBBBA, One Big Beautiful Bill Act, 25% bond threshold, 4% LIHTC, 9% LIHTC, investor appetite, credit pricing, high-opportunity areas, extremely low-income, gap financing, construction costs, Spring Street Management Group]]>

]]> From Spring Street Management Group, this is The Spring Street Brief — your daily briefing on affordable housing in America. Today we discuss CREA's record-breaking LIHTC fund closing.

  • CREA closes largest-ever LIHTC fund at $403 million for affordable housing developments nationwide
  • Fund reflects expanded pipeline from 12% OBBBA allocation increase and 25% bond threshold
  • Investor base includes regional and national banks seeking CRA credit, insurance companies, and ESG-focused corporations
  • Fund oversubscription indicates capital availability not currently constraining production
  • Pricing in mid-80s to low-90s cents per dollar of credit, consistent with 2026 market trends
  • Fund prioritizes high-opportunity areas and extremely low-income household projects
  • Geographic diversity across Midwest, Southeast, and Western regions

For developers, the successful closing signals equity availability for well-structured deals throughout 2026. Key constraints remain gap financing and construction cost management.

Subscribe to The Spring Street Brief for daily insights on LIHTC, Section 8, HUD policy, and affordable housing finance.

Keywords: CREA, Community Reinvestment Act, LIHTC fund, tax credit equity, syndicator, affordable housing investment, CRA credit, ESG, OBBBA, One Big Beautiful Bill Act, 25% bond threshold, 4% LIHTC, 9% LIHTC, investor appetite, credit pricing, high-opportunity areas, extremely low-income, gap financing, construction costs, Spring Street Management Group]]>

]]> Wed, 25 Mar 2026 06:00:00 -0700 Spring Street Management Group Spring Street Management Group 189 Community Reinvestment Act Equity Associates closes its largest-ever LIHTC fund at $403 million, demonstrating strong investor appetite for tax credit equity. Community Reinvestment Act Equity Associates closes its largest-ever LIHTC fund at $403 million, demonstrating strong investor appetite for tax credit equity. CREA, Community Reinvestment Act, LIHTC fund, tax credit equity, syndicator, affordable housing investment, CRA credit, ESG, OBBBA, One Big Beautiful Bill Act, 25% bond threshold, 4% LIHTC, 9% LIHTC, investor appetite, credit pricing, high-opportunity areas, extremely low-income, gap financing, construction costs, Spring Street Management Group No Episode 61: HUD Delays FY 2026 Income Limits to May 1 61 61 Episode 61: HUD Delays FY 2026 Income Limits to May 1 full deccbb5f-ff9f-46c2-bddd-064d7887d69f https://share.transistor.fm/s/e984f48c From Spring Street Management Group, this is The Spring Street Brief — your daily briefing on affordable housing in America. Today we discuss HUD's delay of fiscal year 2026 income limits.

  • HUD announces FY 2026 income limits release delayed to May 1, 2026
  • Delay stems from Census Bureau's late release of 2024 American Community Survey data
  • Income limits determine tenant eligibility at 30%, 50%, 60%, and 80% AMI thresholds
  • Properties with April recertifications should continue using 2025 income limits until new figures published
  • Lease-up properties targeting spring occupancy face particular challenges
  • HUD Secretary Scott Turner emphasizes importance of accurate underlying data
  • State HFAs expected to issue guidance on QAP applications and compliance monitoring

Property managers should document interim procedures and be prepared to adjust if new limits affect tenant eligibility.

Subscribe to The Spring Street Brief for daily insights on LIHTC, Section 8, HUD policy, and affordable housing finance.

Keywords: HUD, income limits, FY 2026, area median income, AMI, Census Bureau, American Community Survey, LIHTC compliance, tenant eligibility, recertification, property management, Section 8, Housing Choice Voucher, lease-up, state housing finance agency, QAP, Scott Turner, affordable housing, income verification, Spring Street Management Group]]>

]]> From Spring Street Management Group, this is The Spring Street Brief — your daily briefing on affordable housing in America. Today we discuss HUD's delay of fiscal year 2026 income limits.

  • HUD announces FY 2026 income limits release delayed to May 1, 2026
  • Delay stems from Census Bureau's late release of 2024 American Community Survey data
  • Income limits determine tenant eligibility at 30%, 50%, 60%, and 80% AMI thresholds
  • Properties with April recertifications should continue using 2025 income limits until new figures published
  • Lease-up properties targeting spring occupancy face particular challenges
  • HUD Secretary Scott Turner emphasizes importance of accurate underlying data
  • State HFAs expected to issue guidance on QAP applications and compliance monitoring

Property managers should document interim procedures and be prepared to adjust if new limits affect tenant eligibility.

Subscribe to The Spring Street Brief for daily insights on LIHTC, Section 8, HUD policy, and affordable housing finance.

Keywords: HUD, income limits, FY 2026, area median income, AMI, Census Bureau, American Community Survey, LIHTC compliance, tenant eligibility, recertification, property management, Section 8, Housing Choice Voucher, lease-up, state housing finance agency, QAP, Scott Turner, affordable housing, income verification, Spring Street Management Group]]>

]]> Tue, 24 Mar 2026 20:44:35 -0700 Spring Street Management Group Spring Street Management Group 175 HUD announces fiscal year 2026 income limits will be released May 1, approximately one month later than typical, due to Census Bureau data delays. HUD announces fiscal year 2026 income limits will be released May 1, approximately one month later than typical, due to Census Bureau data delays. HUD, income limits, FY 2026, area median income, AMI, Census Bureau, American Community Survey, LIHTC compliance, tenant eligibility, recertification, property management, Section 8, Housing Choice Voucher, lease-up, state housing finance agency, QAP, Scott Turner, affordable housing, income verification, Spring Street Management Group No Episode 60: Treasury Corrects 2026 LIHTC 9% State Allocation Ceilings 60 60 Episode 60: Treasury Corrects 2026 LIHTC 9% State Allocation Ceilings full ac458d5a-cb64-41a0-9060-240e2dce952f https://share.transistor.fm/s/d56798b3 From Spring Street Management Group, this is The Spring Street Brief — your daily briefing on affordable housing in America. Today we discuss the Treasury Department's correction to 2026 LIHTC state allocation ceilings.

  • Treasury corrects 2026 state ceiling calculations for 9% low-income housing tax credits
  • Revised figures reflect permanent 12% allocation increase under One Big Beautiful Bill Act
  • 2026 state ceiling: greater of $3.416 multiplied by state population or $3,953,600 minimum floor
  • Correction addresses calculation error that understated allocations in several states
  • Large states like California, Texas, and New York gain tens of millions in additional credit authority
  • Small state minimum ensures adequate allocations for Wyoming, Vermont, and Alaska
  • Industry groups flagged discrepancy; Treasury's swift correction ensures full OBBBA intent realized

State housing finance agencies should update their 2026 allocation projections accordingly. Developers with pending applications should confirm with state agencies whether corrected figures apply to current funding cycles.

Subscribe to The Spring Street Brief for daily insights on LIHTC, Section 8, HUD policy, and affordable housing finance.

Keywords: Treasury Department, LIHTC, Low-Income Housing Tax Credit, 9% LIHTC, state allocation ceiling, per capita multiplier, One Big Beautiful Bill Act, OBBBA, IRS, state housing finance agency, HFA, QAP, Qualified Allocation Plan, tax credit allocation, affordable housing, small state minimum, California, Texas, New York, Wyoming, Vermont, Alaska, Spring Street Management Group]]>

]]> From Spring Street Management Group, this is The Spring Street Brief — your daily briefing on affordable housing in America. Today we discuss the Treasury Department's correction to 2026 LIHTC state allocation ceilings.

  • Treasury corrects 2026 state ceiling calculations for 9% low-income housing tax credits
  • Revised figures reflect permanent 12% allocation increase under One Big Beautiful Bill Act
  • 2026 state ceiling: greater of $3.416 multiplied by state population or $3,953,600 minimum floor
  • Correction addresses calculation error that understated allocations in several states
  • Large states like California, Texas, and New York gain tens of millions in additional credit authority
  • Small state minimum ensures adequate allocations for Wyoming, Vermont, and Alaska
  • Industry groups flagged discrepancy; Treasury's swift correction ensures full OBBBA intent realized

State housing finance agencies should update their 2026 allocation projections accordingly. Developers with pending applications should confirm with state agencies whether corrected figures apply to current funding cycles.

Subscribe to The Spring Street Brief for daily insights on LIHTC, Section 8, HUD policy, and affordable housing finance.

Keywords: Treasury Department, LIHTC, Low-Income Housing Tax Credit, 9% LIHTC, state allocation ceiling, per capita multiplier, One Big Beautiful Bill Act, OBBBA, IRS, state housing finance agency, HFA, QAP, Qualified Allocation Plan, tax credit allocation, affordable housing, small state minimum, California, Texas, New York, Wyoming, Vermont, Alaska, Spring Street Management Group]]>

]]> Tue, 24 Mar 2026 20:44:35 -0700 Spring Street Management Group Spring Street Management Group 129 Treasury Department issues correction to 2026 LIHTC state allocation ceilings, reflecting the permanent 12% increase under the One Big Beautiful Bill Act. Treasury Department issues correction to 2026 LIHTC state allocation ceilings, reflecting the permanent 12% increase under the One Big Beautiful Bill Act. Treasury Department, LIHTC, Low-Income Housing Tax Credit, 9% LIHTC, state allocation ceiling, per capita multiplier, One Big Beautiful Bill Act, OBBBA, IRS, state housing finance agency, HFA, QAP, Qualified Allocation Plan, tax credit allocation, affordable housing, small state minimum, California, Texas, New York, Wyoming, Vermont, Alaska, Spring Street Management Group No Episode 59: Enterprise Community Partners Releases AHCIA Economic Impact Analysis 59 59 Episode 59: Enterprise Community Partners Releases AHCIA Economic Impact Analysis full 3e2f3ae9-90bb-4a81-b1d1-d63cb046967a https://share.transistor.fm/s/a0acea06
  • Full AHCIA implementation would support 2 million additional affordable homes over ten years
  • 50% increase in 9% credit allocations accounts for largest production share
  • Each dollar of LIHTC generates approximately $9 in total economic activity
  • Analysis estimates AHCIA would support over 3 million jobs
  • Local benefits include property tax revenue and reduced homelessness costs
  • Expanded allocations would increase competitive award odds in 9% rounds

    • Housing advocates should share findings with congressional representatives.

    Subscribe to The Spring Street Brief for daily insights on LIHTC, Section 8, HUD policy, and affordable housing finance.

    Keywords: Enterprise Community Partners, AHCIA, Affordable Housing Credit Improvement Act, LIHTC, 9% LIHTC, 4% LIHTC, economic impact analysis, job creation, housing production, tax credit expansion, congressional advocacy, QAP, basis boost, minimum 4% rate, housing shortage, affordable rental housing, federal tax expenditure, property tax revenue, Spring Street Management Group

    ]]>]]>
  • Full AHCIA implementation would support 2 million additional affordable homes over ten years
  • 50% increase in 9% credit allocations accounts for largest production share
  • Each dollar of LIHTC generates approximately $9 in total economic activity
  • Analysis estimates AHCIA would support over 3 million jobs
  • Local benefits include property tax revenue and reduced homelessness costs
  • Expanded allocations would increase competitive award odds in 9% rounds

    • Housing advocates should share findings with congressional representatives.

    Subscribe to The Spring Street Brief for daily insights on LIHTC, Section 8, HUD policy, and affordable housing finance.

    Keywords: Enterprise Community Partners, AHCIA, Affordable Housing Credit Improvement Act, LIHTC, 9% LIHTC, 4% LIHTC, economic impact analysis, job creation, housing production, tax credit expansion, congressional advocacy, QAP, basis boost, minimum 4% rate, housing shortage, affordable rental housing, federal tax expenditure, property tax revenue, Spring Street Management Group

    ]]>]]>     Fri, 20 Mar 2026 06:00:00 -0700 Spring Street Management Group Spring Street Management Group 193 Enterprise Community Partners releases economic impact analysis showing AHCIA could support 2 million additional affordable homes and 3 million jobs over ten years. Enterprise Community Partners releases economic impact analysis showing AHCIA could support 2 million additional affordable homes and 3 million jobs over ten years. affordable housing, LIHTC, low-income housing tax credit, Section 8, housing choice voucher, HUD, housing finance, multifamily, tax credit investing, private activity bonds, housing policy, housing development, real estate investing, affordable housing news, housing authority, 4% LIHTC, 9% LIHTC, HOTMA, housing tax credits, workforce housing No     Episode 58: Colorado CHFA Updates 4% LIHTC Bond Pipeline Process 58 58 Episode 58: Colorado CHFA Updates 4% LIHTC Bond Pipeline Process full 897425d2-9d19-457e-a5de-f5a995bad387 https://share.transistor.fm/s/4ad3f49b
  • CHFA releases updated guidance implementing 25% bond threshold from OBBBA
  • Reduced threshold enables 4% credits with smaller bond allocations
  • Updates affect application procedures, timing, and volume cap allocation
  • Revised application intake windows and streamlined inducement processes
  • Projects may need alternative gap financing to replace bond proceeds
  • CHFA encourages pre-application meetings for financing structure discussions

    • Expanded 4% pipeline should help address Colorado's production gap.

    Subscribe to The Spring Street Brief for daily insights on LIHTC, Section 8, HUD policy, and affordable housing finance.

    Keywords: Colorado, CHFA, Colorado Housing and Finance Authority, 4% LIHTC, private activity bonds, PAB, 25% bond threshold, One Big Beautiful Bill Act, OBBBA, bond volume cap, tax-exempt bonds, inducement, Front Range, gap financing, application process, QAP, affordable housing development, multifamily construction, Spring Street Management Group

    ]]>]]>
  • CHFA releases updated guidance implementing 25% bond threshold from OBBBA
  • Reduced threshold enables 4% credits with smaller bond allocations
  • Updates affect application procedures, timing, and volume cap allocation
  • Revised application intake windows and streamlined inducement processes
  • Projects may need alternative gap financing to replace bond proceeds
  • CHFA encourages pre-application meetings for financing structure discussions

    • Expanded 4% pipeline should help address Colorado's production gap.

    Subscribe to The Spring Street Brief for daily insights on LIHTC, Section 8, HUD policy, and affordable housing finance.

    Keywords: Colorado, CHFA, Colorado Housing and Finance Authority, 4% LIHTC, private activity bonds, PAB, 25% bond threshold, One Big Beautiful Bill Act, OBBBA, bond volume cap, tax-exempt bonds, inducement, Front Range, gap financing, application process, QAP, affordable housing development, multifamily construction, Spring Street Management Group

    ]]>]]>     Thu, 19 Mar 2026 06:00:00 -0700 Spring Street Management Group Spring Street Management Group 202 Colorado Housing and Finance Authority releases updated guidance for 4% LIHTC bond pipeline following implementation of 25% private activity bond threshold. Colorado Housing and Finance Authority releases updated guidance for 4% LIHTC bond pipeline following implementation of 25% private activity bond threshold. affordable housing, LIHTC, low-income housing tax credit, Section 8, housing choice voucher, HUD, housing finance, multifamily, tax credit investing, private activity bonds, housing policy, housing development, real estate investing, affordable housing news, housing authority, 4% LIHTC, 9% LIHTC, HOTMA, housing tax credits, workforce housing No     Episode 57: Terner Center Report Examines State Affordable Housing Administration 57 57 Episode 57: Terner Center Report Examines State Affordable Housing Administration full d48069a6-16f7-48b4-98a7-6bfa4625ec4f https://share.transistor.fm/s/fe34c57c
  • Terner Center analyzes QAP processes, application requirements, and timelines across states
  • Processing times vary significantly—some states 4 months, others over a year
  • Best practices include pre-application conferences, electronic portals, standardized templates
  • Administrative capacity and staffing challenges constrain many HFAs
  • Report recommends competitive compensation and succession planning
  • Regional cooperation recommended to share best practices across states

    • Complete applications aligned with QAP priorities consistently outperform.

    Subscribe to The Spring Street Brief for daily insights on LIHTC, Section 8, HUD policy, and affordable housing finance.

    Keywords: Terner Center, UC Berkeley, HFA, state housing finance agency, QAP, Qualified Allocation Plan, LIHTC, 9% LIHTC, 4% LIHTC, application process, underwriting, best practices, administrative capacity, staffing, developer, regional cooperation, electronic submissions, pre-application conference, affordable housing development, Spring Street Management Group

    ]]>]]>
  • Terner Center analyzes QAP processes, application requirements, and timelines across states
  • Processing times vary significantly—some states 4 months, others over a year
  • Best practices include pre-application conferences, electronic portals, standardized templates
  • Administrative capacity and staffing challenges constrain many HFAs
  • Report recommends competitive compensation and succession planning
  • Regional cooperation recommended to share best practices across states

    • Complete applications aligned with QAP priorities consistently outperform.

    Subscribe to The Spring Street Brief for daily insights on LIHTC, Section 8, HUD policy, and affordable housing finance.

    Keywords: Terner Center, UC Berkeley, HFA, state housing finance agency, QAP, Qualified Allocation Plan, LIHTC, 9% LIHTC, 4% LIHTC, application process, underwriting, best practices, administrative capacity, staffing, developer, regional cooperation, electronic submissions, pre-application conference, affordable housing development, Spring Street Management Group

    ]]>]]>     Wed, 18 Mar 2026 06:00:00 -0700 Spring Street Management Group Spring Street Management Group 177 Terner Center for Housing Innovation publishes report on state HFA administration, identifying best practices for QAP processes and application timelines. Terner Center for Housing Innovation publishes report on state HFA administration, identifying best practices for QAP processes and application timelines. affordable housing, LIHTC, low-income housing tax credit, Section 8, housing choice voucher, HUD, housing finance, multifamily, tax credit investing, private activity bonds, housing policy, housing development, real estate investing, affordable housing news, housing authority, 4% LIHTC, 9% LIHTC, HOTMA, housing tax credits, workforce housing No     Episode 56: Housing for the 21st Century Act Advances to Senate 56 56 Episode 56: Housing for the 21st Century Act Advances to Senate full 75adcae3-460a-4d6a-8ebf-bc694dcd1704 https://share.transistor.fm/s/839b28c7
  • Housing for the 21st Century Act passed House with bipartisan 390-9 vote
  • Bill addresses housing supply, affordability, and regulatory modernization
  • Key provisions include streamlined environmental review processes
  • Expanded flexibility for Community Development Block Grant use
  • Reforms to manufactured housing financing through FHA and GSEs
  • May be combined with ROAD to Housing Act in Senate

    • Environmental review streamlining could meaningfully reduce LIHTC predevelopment timelines.

    Subscribe to The Spring Street Brief for daily insights on LIHTC, Section 8, HUD policy, and affordable housing finance.

    Keywords: Housing for the 21st Century Act, Congress, bipartisan legislation, NEPA, environmental review, CDBG, Community Development Block Grant, manufactured housing, FHA, Fannie Mae, Freddie Mac, GSE, ROAD to Housing Act, Senate, LIHTC, zoning reform, NMHC, NAHB, Up for Growth, housing supply, affordable housing policy, Spring Street Management Group

    ]]>]]>
  • Housing for the 21st Century Act passed House with bipartisan 390-9 vote
  • Bill addresses housing supply, affordability, and regulatory modernization
  • Key provisions include streamlined environmental review processes
  • Expanded flexibility for Community Development Block Grant use
  • Reforms to manufactured housing financing through FHA and GSEs
  • May be combined with ROAD to Housing Act in Senate

    • Environmental review streamlining could meaningfully reduce LIHTC predevelopment timelines.

    Subscribe to The Spring Street Brief for daily insights on LIHTC, Section 8, HUD policy, and affordable housing finance.

    Keywords: Housing for the 21st Century Act, Congress, bipartisan legislation, NEPA, environmental review, CDBG, Community Development Block Grant, manufactured housing, FHA, Fannie Mae, Freddie Mac, GSE, ROAD to Housing Act, Senate, LIHTC, zoning reform, NMHC, NAHB, Up for Growth, housing supply, affordable housing policy, Spring Street Management Group

    ]]>]]>     Tue, 17 Mar 2026 06:00:00 -0700 Spring Street Management Group Spring Street Management Group 170 Housing for the 21st Century Act advances to Senate after passing House 390-9, featuring streamlined environmental reviews and housing finance reforms. Housing for the 21st Century Act advances to Senate after passing House 390-9, featuring streamlined environmental reviews and housing finance reforms. affordable housing, LIHTC, low-income housing tax credit, Section 8, housing choice voucher, HUD, housing finance, multifamily, tax credit investing, private activity bonds, housing policy, housing development, real estate investing, affordable housing news, housing authority, 4% LIHTC, 9% LIHTC, HOTMA, housing tax credits, workforce housing No     Episode 55: Michigan Advocates Push for State Affordable Housing Tax Credit 55 55 Episode 55: Michigan Advocates Push for State Affordable Housing Tax Credit full a4682596-e485-4c3c-baff-7a7c300c5067 https://share.transistor.fm/s/00a200f2
  • Governor Whitmer includes state housing tax credit in budget recommendations
  • Michigan is one of largest states without dedicated state housing credit
  • Neighboring Ohio, Indiana, Illinois all offer state credits enhancing federal LIHTC
  • Proposed credit could enable 2,000-3,000 additional affordable units annually
  • Michigan needs over 200,000 additional affordable rental units per NLIHC
  • MSHDA indicates support and readiness to administer program if enacted

    • Developers should engage with legislative advocacy and monitor state budget process.

    Subscribe to The Spring Street Brief for daily insights on LIHTC, Section 8, HUD policy, and affordable housing finance.

    Keywords: Michigan, MSHDA, Michigan State Housing Development Authority, state tax credit, LIHTC, 9% LIHTC, 4% LIHTC, Governor Whitmer, affordable housing, NLIHC, National Low Income Housing Coalition, gap financing, construction costs, Ohio, Indiana, Illinois, housing shortage, budget, legislative advocacy, rental housing, Spring Street Management Group

    ]]>]]>
  • Governor Whitmer includes state housing tax credit in budget recommendations
  • Michigan is one of largest states without dedicated state housing credit
  • Neighboring Ohio, Indiana, Illinois all offer state credits enhancing federal LIHTC
  • Proposed credit could enable 2,000-3,000 additional affordable units annually
  • Michigan needs over 200,000 additional affordable rental units per NLIHC
  • MSHDA indicates support and readiness to administer program if enacted

    • Developers should engage with legislative advocacy and monitor state budget process.

    Subscribe to The Spring Street Brief for daily insights on LIHTC, Section 8, HUD policy, and affordable housing finance.

    Keywords: Michigan, MSHDA, Michigan State Housing Development Authority, state tax credit, LIHTC, 9% LIHTC, 4% LIHTC, Governor Whitmer, affordable housing, NLIHC, National Low Income Housing Coalition, gap financing, construction costs, Ohio, Indiana, Illinois, housing shortage, budget, legislative advocacy, rental housing, Spring Street Management Group

    ]]>]]>     Mon, 16 Mar 2026 06:00:00 -0700 Spring Street Management Group Spring Street Management Group 191 Michigan housing advocates intensify push for state affordable housing tax credit to complement federal LIHTC and compete with neighboring states. Michigan housing advocates intensify push for state affordable housing tax credit to complement federal LIHTC and compete with neighboring states. affordable housing, LIHTC, low-income housing tax credit, Section 8, housing choice voucher, HUD, housing finance, multifamily, tax credit investing, private activity bonds, housing policy, housing development, real estate investing, affordable housing news, housing authority, 4% LIHTC, 9% LIHTC, HOTMA, housing tax credits, workforce housing No     Episode 54: Illinois IHDA Announces Next Generation R3 Initiative Cohort 54 54 Episode 54: Illinois IHDA Announces Next Generation R3 Initiative Cohort full 0e2a0c51-26f7-4ad7-8cfb-7b088e674f9d https://share.transistor.fm/s/110b3a4a
  • IHDA announces Next Generation R3 cohort for affordable housing in disinvested communities
  • Program combines LIHTC with state cannabis tax revenue for R3 priority areas
  • R3 zones designated based on poverty, unemployment, incarceration, and mental health access
  • Funded projects include family, mixed-use, and senior housing across Illinois
  • All projects require community engagement and local hiring commitments
  • Illinois also implementing new state Affordable Housing Tax Credit

    • Successful applicants typically begin community outreach months before LIHTC applications.

    Subscribe to The Spring Street Brief for daily insights on LIHTC, Section 8, HUD policy, and affordable housing finance.

    Keywords: Illinois, IHDA, Illinois Housing Development Authority, R3, Restore Reinvest Renew, cannabis tax revenue, LIHTC, 9% LIHTC, 4% LIHTC, racial equity, climate resilience, economic mobility, QAP, community engagement, local hiring, Chicago, state tax credit, predevelopment, soft financing, affordable housing, Spring Street Management Group

    ]]>]]>
  • IHDA announces Next Generation R3 cohort for affordable housing in disinvested communities
  • Program combines LIHTC with state cannabis tax revenue for R3 priority areas
  • R3 zones designated based on poverty, unemployment, incarceration, and mental health access
  • Funded projects include family, mixed-use, and senior housing across Illinois
  • All projects require community engagement and local hiring commitments
  • Illinois also implementing new state Affordable Housing Tax Credit

    • Successful applicants typically begin community outreach months before LIHTC applications.

    Subscribe to The Spring Street Brief for daily insights on LIHTC, Section 8, HUD policy, and affordable housing finance.

    Keywords: Illinois, IHDA, Illinois Housing Development Authority, R3, Restore Reinvest Renew, cannabis tax revenue, LIHTC, 9% LIHTC, 4% LIHTC, racial equity, climate resilience, economic mobility, QAP, community engagement, local hiring, Chicago, state tax credit, predevelopment, soft financing, affordable housing, Spring Street Management Group

    ]]>]]>     Fri, 13 Mar 2026 06:00:00 -0700 Spring Street Management Group Spring Street Management Group 176 Illinois Housing Development Authority announces latest Next Generation R3 cohort, combining LIHTC with cannabis tax revenue for communities impacted by historical disinvestment. Illinois Housing Development Authority announces latest Next Generation R3 cohort, combining LIHTC with cannabis tax revenue for communities impacted by historical disinvestment. affordable housing, LIHTC, low-income housing tax credit, Section 8, housing choice voucher, HUD, housing finance, multifamily, tax credit investing, private activity bonds, housing policy, housing development, real estate investing, affordable housing news, housing authority, 4% LIHTC, 9% LIHTC, HOTMA, housing tax credits, workforce housing No     Episode 53: Massachusetts Governor Healey Announces $140 Million for Affordable Housing 53 53 Episode 53: Massachusetts Governor Healey Announces $140 Million for Affordable Housing full ef223227-0546-436d-bc69-74f7456b1454 https://share.transistor.fm/s/1844453a
  • $140 million in state funding to create over 1,300 affordable units
  • Funding from Affordable Housing Trust Fund and other state resources
  • Priority given to extremely low-income households, families, and homeless exits
  • Projects include supportive services for disabilities and behavioral health
  • Massachusetts combines state LIHTC, Housing Stabilization Fund, and local trusts
  • 40B comprehensive permit law enables development in underproducing communities

    • Developers should monitor MassHousing's funding cycles for upcoming application opportunities.

    Subscribe to The Spring Street Brief for daily insights on LIHTC, Section 8, HUD policy, and affordable housing finance.

    Keywords: Massachusetts, Governor Healey, MassHousing, Affordable Housing Trust Fund, state LIHTC, Housing Stabilization Fund, 40B comprehensive permit, Gateway Cities, supportive housing, extremely low-income, ELI, QAP, housing bond bill, public housing modernization, first-time homebuyer, behavioral health housing, homeless services, affordable housing development, Spring Street Management Group

    ]]>]]>
  • $140 million in state funding to create over 1,300 affordable units
  • Funding from Affordable Housing Trust Fund and other state resources
  • Priority given to extremely low-income households, families, and homeless exits
  • Projects include supportive services for disabilities and behavioral health
  • Massachusetts combines state LIHTC, Housing Stabilization Fund, and local trusts
  • 40B comprehensive permit law enables development in underproducing communities

    • Developers should monitor MassHousing's funding cycles for upcoming application opportunities.

    Subscribe to The Spring Street Brief for daily insights on LIHTC, Section 8, HUD policy, and affordable housing finance.

    Keywords: Massachusetts, Governor Healey, MassHousing, Affordable Housing Trust Fund, state LIHTC, Housing Stabilization Fund, 40B comprehensive permit, Gateway Cities, supportive housing, extremely low-income, ELI, QAP, housing bond bill, public housing modernization, first-time homebuyer, behavioral health housing, homeless services, affordable housing development, Spring Street Management Group

    ]]>]]>     Thu, 12 Mar 2026 06:00:00 -0700 Spring Street Management Group Spring Street Management Group 170 Governor Maura Healey announces over $140 million in state affordable housing funding to create more than 1,300 new homes across Massachusetts. Governor Maura Healey announces over $140 million in state affordable housing funding to create more than 1,300 new homes across Massachusetts. affordable housing, LIHTC, low-income housing tax credit, Section 8, housing choice voucher, HUD, housing finance, multifamily, tax credit investing, private activity bonds, housing policy, housing development, real estate investing, affordable housing news, housing authority, 4% LIHTC, 9% LIHTC, HOTMA, housing tax credits, workforce housing No     Episode 52: HUD Extends HOTMA Multifamily Implementation to January 2027 52 52 Episode 52: HUD Extends HOTMA Multifamily Implementation to January 2027 full c5791f91-0907-4ca8-b47a-b133a0042db3 https://share.transistor.fm/s/f0fe832a
  • HUD extends HOTMA multifamily deadline to January 1, 2027
  • Extension provides time for software updates, staff training, and policy revisions
  • LIHTC adopted HOTMA income provisions effective January 1, 2025
  • Key changes include revised asset income calculations and hardship exemptions
  • HUD published 2026 adjustment factors for recertification planning
  • Industry groups cited software vendor readiness and training challenges

    • Property managers should use the extension productively to ensure full compliance readiness by the new deadline.

    Subscribe to The Spring Street Brief for daily insights on LIHTC, Section 8, HUD policy, and affordable housing finance.

    Keywords: HOTMA, Housing Opportunity Through Modernization Act, HUD, multifamily housing, income calculation, asset income, compliance, recertification, LIHTC, Section 8, Housing Choice Voucher, property management, NAHMA, software compliance, tenant qualification, fixed-income households, student eligibility, income verification, affordable housing, Spring Street Management Group

    ]]>]]>
  • HUD extends HOTMA multifamily deadline to January 1, 2027
  • Extension provides time for software updates, staff training, and policy revisions
  • LIHTC adopted HOTMA income provisions effective January 1, 2025
  • Key changes include revised asset income calculations and hardship exemptions
  • HUD published 2026 adjustment factors for recertification planning
  • Industry groups cited software vendor readiness and training challenges

    • Property managers should use the extension productively to ensure full compliance readiness by the new deadline.

    Subscribe to The Spring Street Brief for daily insights on LIHTC, Section 8, HUD policy, and affordable housing finance.

    Keywords: HOTMA, Housing Opportunity Through Modernization Act, HUD, multifamily housing, income calculation, asset income, compliance, recertification, LIHTC, Section 8, Housing Choice Voucher, property management, NAHMA, software compliance, tenant qualification, fixed-income households, student eligibility, income verification, affordable housing, Spring Street Management Group

    ]]>]]>     Wed, 11 Mar 2026 06:00:00 -0700 Spring Street Management Group Spring Street Management Group 182 HUD announces extension of HOTMA implementation deadline for multifamily housing to January 1, 2027, providing additional time for property owners to prepare. HUD announces extension of HOTMA implementation deadline for multifamily housing to January 1, 2027, providing additional time for property owners to prepare. affordable housing, LIHTC, low-income housing tax credit, Section 8, housing choice voucher, HUD, housing finance, multifamily, tax credit investing, private activity bonds, housing policy, housing development, real estate investing, affordable housing news, housing authority, 4% LIHTC, 9% LIHTC, HOTMA, housing tax credits, workforce housing No     Episode 51: TD Bank Survey Shows Developer Optimism Despite Cost Challenges 51 51 Episode 51: TD Bank Survey Shows Developer Optimism Despite Cost Challenges full 21f08d0d-f280-4d2e-b095-96fc8c1af843 https://share.transistor.fm/s/02a262da
  • Nearly 70% of developers expect to increase affordable housing production in 2026
  • 85% report material and labor costs exceeding projections from 18 months ago
  • Insurance costs emerging as new pain point, especially in climate-vulnerable regions
  • Average development timeline stretched to 36 months from land acquisition to lease-up
  • Strong rental demand and stable LIHTC equity pricing provide confidence
  • 30% of developers exploring modular or prefabricated construction, up from 18% in 2024

    • Realistic cost projections and contingency reserves are essential to successful deal execution in this environment.

    Subscribe to The Spring Street Brief for daily insights on LIHTC, Section 8, HUD policy, and affordable housing finance.

    Keywords: TD Bank, developer survey, affordable housing, construction costs, insurance costs, development timeline, LIHTC equity, modular construction, prefabricated housing, HOME program, CDBG, gap financing, California, Massachusetts, Colorado, rental demand, cost containment, syndicator, investor, tax credit pricing, Spring Street Management Group

    ]]>]]>
  • Nearly 70% of developers expect to increase affordable housing production in 2026
  • 85% report material and labor costs exceeding projections from 18 months ago
  • Insurance costs emerging as new pain point, especially in climate-vulnerable regions
  • Average development timeline stretched to 36 months from land acquisition to lease-up
  • Strong rental demand and stable LIHTC equity pricing provide confidence
  • 30% of developers exploring modular or prefabricated construction, up from 18% in 2024

    • Realistic cost projections and contingency reserves are essential to successful deal execution in this environment.

    Subscribe to The Spring Street Brief for daily insights on LIHTC, Section 8, HUD policy, and affordable housing finance.

    Keywords: TD Bank, developer survey, affordable housing, construction costs, insurance costs, development timeline, LIHTC equity, modular construction, prefabricated housing, HOME program, CDBG, gap financing, California, Massachusetts, Colorado, rental demand, cost containment, syndicator, investor, tax credit pricing, Spring Street Management Group

    ]]>]]>     Tue, 10 Mar 2026 06:00:00 -0700 Spring Street Management Group Spring Street Management Group 207 TD Bank's 2026 survey finds 70% of affordable housing developers expect increased production despite persistent cost pressures and policy uncertainty. TD Bank's 2026 survey finds 70% of affordable housing developers expect increased production despite persistent cost pressures and policy uncertainty. affordable housing, LIHTC, low-income housing tax credit, Section 8, housing choice voucher, HUD, housing finance, multifamily, tax credit investing, private activity bonds, housing policy, housing development, real estate investing, affordable housing news, housing authority, 4% LIHTC, 9% LIHTC, HOTMA, housing tax credits, workforce housing No     Episode 50: FHFA Sets $176 Billion GSE Multifamily Loan Cap for 2026 50 50 Episode 50: FHFA Sets $176 Billion GSE Multifamily Loan Cap for 2026 full 8d95ba0b-5ff9-459a-9bbf-dae3b9b7264d https://share.transistor.fm/s/bc520e50
  • Combined $176 billion cap for 2026, up from $140 billion in 2025
  • Each GSE receives $88 billion allocation reflecting market growth
  • At least 50% must be mission-driven targeting affordable and underserved segments
  • GSE financing remains essential to LIHTC capital stack for permanent takeouts
  • Higher caps support expanded 4% LIHTC pipeline from 25% bond threshold
  • FHFA finalized three-year affordable housing goals through 2027

    • Developers should engage early with GSE lenders to lock rates and secure capacity for projects in the pipeline.

    Subscribe to The Spring Street Brief for daily insights on LIHTC, Section 8, HUD policy, and affordable housing finance.

    Keywords: FHFA, Fannie Mae, Freddie Mac, GSE, multifamily lending, loan purchase cap, DUS, Optigo, affordable housing, LIHTC, 4% LIHTC, 9% LIHTC, permanent financing, workforce housing, rural rental housing, mission-driven lending, housing goals, tax-exempt bonds, private activity bonds, capital stack, Spring Street Management Group

    ]]>]]>
  • Combined $176 billion cap for 2026, up from $140 billion in 2025
  • Each GSE receives $88 billion allocation reflecting market growth
  • At least 50% must be mission-driven targeting affordable and underserved segments
  • GSE financing remains essential to LIHTC capital stack for permanent takeouts
  • Higher caps support expanded 4% LIHTC pipeline from 25% bond threshold
  • FHFA finalized three-year affordable housing goals through 2027

    • Developers should engage early with GSE lenders to lock rates and secure capacity for projects in the pipeline.

    Subscribe to The Spring Street Brief for daily insights on LIHTC, Section 8, HUD policy, and affordable housing finance.

    Keywords: FHFA, Fannie Mae, Freddie Mac, GSE, multifamily lending, loan purchase cap, DUS, Optigo, affordable housing, LIHTC, 4% LIHTC, 9% LIHTC, permanent financing, workforce housing, rural rental housing, mission-driven lending, housing goals, tax-exempt bonds, private activity bonds, capital stack, Spring Street Management Group

    ]]>]]>     Mon, 09 Mar 2026 06:00:00 -0700 Spring Street Management Group Spring Street Management Group 204 FHFA announces combined $176 billion multifamily loan purchase cap for Fannie Mae and Freddie Mac in 2026, providing critical liquidity for affordable housing development. FHFA announces combined $176 billion multifamily loan purchase cap for Fannie Mae and Freddie Mac in 2026, providing critical liquidity for affordable housing development. affordable housing, LIHTC, low-income housing tax credit, Section 8, housing choice voucher, HUD, housing finance, multifamily, tax credit investing, private activity bonds, housing policy, housing development, real estate investing, affordable housing news, housing authority, 4% LIHTC, 9% LIHTC, HOTMA, housing tax credits, workforce housing No     Episode 49: Nevada Senator Rosen Backs Bipartisan Affordable Housing Effort 49 49 Episode 49: Nevada Senator Rosen Backs Bipartisan Affordable Housing Effort full eeba96eb-a349-470f-865a-5f839a35c4f1 https://share.transistor.fm/s/cea0f823
  • Supports Housing for the 21st Century Act and ROAD to Housing Act
  • Nevada ranks among highest rent burden states nationally
  • Manufactured housing provisions particularly relevant for Nevada market
  • State faces unique challenges: extreme heat, water resources, seasonal employment
  • Nevada Housing Division implementing 25% bond threshold for 4% LIHTC
  • Las Vegas and Reno have substantial rental housing demand from population growth
  • Growing bipartisan coalition recognizes housing as kitchen-table economic issue

    • Housing affordability is becoming a priority issue across the political spectrum as rent burdens increase nationwide.

    Subscribe to The Spring Street Brief for daily updates on housing legislation, state market developments, and affordable housing policy.

    Keywords: Senator Jacky Rosen, Nevada affordable housing, Housing for the 21st Century Act, ROAD to Housing Act, bipartisan housing legislation, Las Vegas housing, Reno housing, Nevada Housing Division, manufactured housing, rent burden, housing affordability, 25% bond threshold, 4% LIHTC, housing supply, housing policy 2026, Nevada housing market, affordable rental housing, housing legislation, bipartisan coalition, housing crisis

    ]]>]]>
  • Supports Housing for the 21st Century Act and ROAD to Housing Act
  • Nevada ranks among highest rent burden states nationally
  • Manufactured housing provisions particularly relevant for Nevada market
  • State faces unique challenges: extreme heat, water resources, seasonal employment
  • Nevada Housing Division implementing 25% bond threshold for 4% LIHTC
  • Las Vegas and Reno have substantial rental housing demand from population growth
  • Growing bipartisan coalition recognizes housing as kitchen-table economic issue

    • Housing affordability is becoming a priority issue across the political spectrum as rent burdens increase nationwide.

    Subscribe to The Spring Street Brief for daily updates on housing legislation, state market developments, and affordable housing policy.

    Keywords: Senator Jacky Rosen, Nevada affordable housing, Housing for the 21st Century Act, ROAD to Housing Act, bipartisan housing legislation, Las Vegas housing, Reno housing, Nevada Housing Division, manufactured housing, rent burden, housing affordability, 25% bond threshold, 4% LIHTC, housing supply, housing policy 2026, Nevada housing market, affordable rental housing, housing legislation, bipartisan coalition, housing crisis

    ]]>]]>     Fri, 06 Mar 2026 06:00:00 -0800 Spring Street Management Group Spring Street Management Group 155 Senator Jacky Rosen announces support for bipartisan housing legislation as Nevada faces critical affordable housing challenges. Senator Jacky Rosen announces support for bipartisan housing legislation as Nevada faces critical affordable housing challenges. Senator Jacky Rosen, Nevada affordable housing, Housing for the 21st Century Act, ROAD to Housing Act, bipartisan housing legislation, Las Vegas housing, Reno housing, Nevada Housing Division, manufactured housing, rent burden, housing affordability, 25% bond threshold, 4% LIHTC, housing supply, housing policy, Nevada housing market, affordable rental housing No     Episode 48: Syndicators Report Cautious Optimism for 2026 LIHTC Market 48 48 Episode 48: Syndicators Report Cautious Optimism for 2026 LIHTC Market full ffc1b43a-3225-418e-a408-06e9f1624b49 https://share.transistor.fm/s/34d759d0
  • 12.5% permanent increase in 9% credits expanding supply nationwide
  • 25% bond threshold unlocking additional 4% LIHTC deals
  • Corporate tax reform discussions have not reduced LIHTC value to investors
  • Construction costs remain elevated, squeezing deal economics
  • California, Massachusetts, and Missouri deals command pricing premiums
  • Credit pricing in mid-80s to low-90s for well-structured deals
  • NCSHA and Novogradac to release comprehensive market data in March

    • Market conditions support moving forward with pipeline projects. Syndicators emphasize realistic operating projections and demonstrated development capacity.

    Subscribe to The Spring Street Brief for daily updates on LIHTC equity markets, investor trends, and tax credit pricing.

    Keywords: LIHTC equity market, LIHTC syndicator, tax credit investor, 9% LIHTC, 4% LIHTC, LIHTC pricing, credit pricing, tax credit equity, affordable housing investment, LIHTC fund, One Big Beautiful Bill Act, 25% bond threshold, construction costs, NCSHA, Novogradac, LIHTC market outlook, investor demand, tax credit syndication, affordable housing equity, LIHTC deal flow

    ]]>]]>
  • 12.5% permanent increase in 9% credits expanding supply nationwide
  • 25% bond threshold unlocking additional 4% LIHTC deals
  • Corporate tax reform discussions have not reduced LIHTC value to investors
  • Construction costs remain elevated, squeezing deal economics
  • California, Massachusetts, and Missouri deals command pricing premiums
  • Credit pricing in mid-80s to low-90s for well-structured deals
  • NCSHA and Novogradac to release comprehensive market data in March

    • Market conditions support moving forward with pipeline projects. Syndicators emphasize realistic operating projections and demonstrated development capacity.

    Subscribe to The Spring Street Brief for daily updates on LIHTC equity markets, investor trends, and tax credit pricing.

    Keywords: LIHTC equity market, LIHTC syndicator, tax credit investor, 9% LIHTC, 4% LIHTC, LIHTC pricing, credit pricing, tax credit equity, affordable housing investment, LIHTC fund, One Big Beautiful Bill Act, 25% bond threshold, construction costs, NCSHA, Novogradac, LIHTC market outlook, investor demand, tax credit syndication, affordable housing equity, LIHTC deal flow

    ]]>]]>     Thu, 05 Mar 2026 06:00:00 -0800 Spring Street Management Group Spring Street Management Group 176 Industry syndicators report cautious optimism for the 2026 LIHTC equity market with pricing stabilizing after late 2025 volatility. Industry syndicators report cautious optimism for the 2026 LIHTC equity market with pricing stabilizing after late 2025 volatility. LIHTC equity market, LIHTC syndicator, tax credit investor, 9% LIHTC, 4% LIHTC, LIHTC pricing, credit pricing, tax credit equity, affordable housing investment, LIHTC fund, One Big Beautiful Bill Act, 25% bond threshold, construction costs, NCSHA, Novogradac, LIHTC market outlook, investor demand, tax credit syndication No     Episode 47: CLASP Report Warns Against Work Requirements in Housing Assistance 47 47 Episode 47: CLASP Report Warns Against Work Requirements in Housing Assistance full 60bbdc6f-081e-44e6-907a-46ad105e05f0 https://share.transistor.fm/s/c5123347
  • Administrative burdens drive caseload reductions, not employment gains
  • Many losing benefits already work or face employment barriers
  • Housing Choice Voucher holders already have high employment rates
  • Would increase documentation burdens for housing authorities
  • Risk terminating assistance for households with temporary setbacks
  • LIHTC properties could see increased turnover and vacancy
  • Report recommends focusing on housing supply and supportive services

    • Property owners with project-based vouchers or high voucher concentrations should monitor policy developments and engage with advocacy efforts.

    Subscribe to The Spring Street Brief for daily updates on HUD policy, Housing Choice Voucher program changes, and rental assistance regulations.

    Keywords: CLASP, work requirements, Housing Choice Voucher, Section 8, rental assistance, HUD policy, housing instability, time limits, voucher program, affordable housing policy, housing authority, Project-Based Voucher, LIHTC property management, tenant retention, housing assistance, supportive housing, employment requirements, safety net programs, housing policy research, HCV regulations

    ]]>]]>
  • Administrative burdens drive caseload reductions, not employment gains
  • Many losing benefits already work or face employment barriers
  • Housing Choice Voucher holders already have high employment rates
  • Would increase documentation burdens for housing authorities
  • Risk terminating assistance for households with temporary setbacks
  • LIHTC properties could see increased turnover and vacancy
  • Report recommends focusing on housing supply and supportive services

    • Property owners with project-based vouchers or high voucher concentrations should monitor policy developments and engage with advocacy efforts.

    Subscribe to The Spring Street Brief for daily updates on HUD policy, Housing Choice Voucher program changes, and rental assistance regulations.

    Keywords: CLASP, work requirements, Housing Choice Voucher, Section 8, rental assistance, HUD policy, housing instability, time limits, voucher program, affordable housing policy, housing authority, Project-Based Voucher, LIHTC property management, tenant retention, housing assistance, supportive housing, employment requirements, safety net programs, housing policy research, HCV regulations

    ]]>]]>     Wed, 04 Mar 2026 06:00:00 -0800 Spring Street Management Group Spring Street Management Group 179 New CLASP report warns that proposed work requirements in rental assistance would worsen housing instability for vulnerable households. New CLASP report warns that proposed work requirements in rental assistance would worsen housing instability for vulnerable households. CLASP, work requirements, Housing Choice Voucher, Section 8, rental assistance, HUD policy, housing instability, time limits, voucher program, affordable housing policy, housing authority, Project-Based Voucher, LIHTC property management, tenant retention, housing assistance, supportive housing, employment requirements, HCV regulations No     Episode 46: Kansas Housing Resources Corporation Updates Developer Resources 46 46 Episode 46: Kansas Housing Resources Corporation Updates Developer Resources full b023803c-9ead-401c-9b3b-c1eded90cb29 https://share.transistor.fm/s/07e9d4f6
  • Revised application materials and technical guidance documents
  • Enhanced scoring for rural housing development across Kansas
  • Priorities for veterans, seniors, and persons with disabilities
  • Updated cost containment thresholds reflecting construction inflation
  • Revised market study requirements and experience qualifications
  • 25% bond threshold guidance for 4% LIHTC deals
  • Application workshops in March in Wichita and Kansas City

    • Developers new to the Kansas market should attend workshops to understand agency priorities and submission requirements.

    Subscribe to The Spring Street Brief for daily updates on state QAPs, LIHTC program changes, and affordable housing development resources.

    Keywords: Kansas Housing Resources Corporation, KHRC, Kansas LIHTC, 9% LIHTC, 4% LIHTC, QAP, Qualified Allocation Plan, Kansas affordable housing, rural housing development, veterans housing, senior housing, cost containment, market study requirements, 25% bond threshold, private activity bonds, One Big Beautiful Bill Act, Wichita housing, Kansas City housing, state housing finance agency, LIHTC application

    ]]>]]>
  • Revised application materials and technical guidance documents
  • Enhanced scoring for rural housing development across Kansas
  • Priorities for veterans, seniors, and persons with disabilities
  • Updated cost containment thresholds reflecting construction inflation
  • Revised market study requirements and experience qualifications
  • 25% bond threshold guidance for 4% LIHTC deals
  • Application workshops in March in Wichita and Kansas City

    • Developers new to the Kansas market should attend workshops to understand agency priorities and submission requirements.

    Subscribe to The Spring Street Brief for daily updates on state QAPs, LIHTC program changes, and affordable housing development resources.

    Keywords: Kansas Housing Resources Corporation, KHRC, Kansas LIHTC, 9% LIHTC, 4% LIHTC, QAP, Qualified Allocation Plan, Kansas affordable housing, rural housing development, veterans housing, senior housing, cost containment, market study requirements, 25% bond threshold, private activity bonds, One Big Beautiful Bill Act, Wichita housing, Kansas City housing, state housing finance agency, LIHTC application

    ]]>]]>     Tue, 03 Mar 2026 06:00:00 -0800 Spring Street Management Group Spring Street Management Group 188 Kansas Housing Resources Corporation releases updated 2026 LIHTC developer resources reflecting One Big Beautiful Bill Act changes. Kansas Housing Resources Corporation releases updated 2026 LIHTC developer resources reflecting One Big Beautiful Bill Act changes. Kansas Housing Resources Corporation, KHRC, Kansas LIHTC, 9% LIHTC, 4% LIHTC, QAP, Qualified Allocation Plan, Kansas affordable housing, rural housing, veterans housing, senior housing, cost containment, market study, 25% bond threshold, private activity bonds, One Big Beautiful Bill Act, Wichita, Kansas City, state HFA, LIHTC application No     Episode 45: Oakland Affordable Housing Project Awarded $50 Million in LIHTC Equity 45 45 Episode 45: Oakland Affordable Housing Project Awarded $50 Million in LIHTC Equity full 47a23172-ff10-4478-a9bf-73e1feb3cd50 https://share.transistor.fm/s/8cfe9d04
  • One of the largest LIHTC transactions in the Bay Area in recent years
  • Serves households from extremely low to moderate income levels
  • Layers 4% LIHTC with California tax-exempt private activity bonds
  • Soft financing from City of Oakland, Alameda County, and CalHFA
  • Bay Area construction costs exceed $700,000 per unit
  • California deals attract pricing premiums from state tax credit benefits
  • Project expects to deliver units in 2027

    • The project demonstrates the complex financing structures required for urban affordable housing development in high-cost markets.

    Subscribe to The Spring Street Brief for daily updates on LIHTC transactions, project financings, and affordable housing investment opportunities.

    Keywords: Oakland affordable housing, LIHTC equity, Bay Area housing, California LIHTC, 4% LIHTC, tax-exempt bonds, private activity bonds, CalHFA, California Housing Finance Agency, Alameda County housing, LIHTC transaction, affordable housing financing, LIHTC investor, tax credit equity, multifamily development, urban affordable housing, high-cost market, California tax credit, affordable housing construction, LIHTC closing

    ]]>]]>
  • One of the largest LIHTC transactions in the Bay Area in recent years
  • Serves households from extremely low to moderate income levels
  • Layers 4% LIHTC with California tax-exempt private activity bonds
  • Soft financing from City of Oakland, Alameda County, and CalHFA
  • Bay Area construction costs exceed $700,000 per unit
  • California deals attract pricing premiums from state tax credit benefits
  • Project expects to deliver units in 2027

    • The project demonstrates the complex financing structures required for urban affordable housing development in high-cost markets.

    Subscribe to The Spring Street Brief for daily updates on LIHTC transactions, project financings, and affordable housing investment opportunities.

    Keywords: Oakland affordable housing, LIHTC equity, Bay Area housing, California LIHTC, 4% LIHTC, tax-exempt bonds, private activity bonds, CalHFA, California Housing Finance Agency, Alameda County housing, LIHTC transaction, affordable housing financing, LIHTC investor, tax credit equity, multifamily development, urban affordable housing, high-cost market, California tax credit, affordable housing construction, LIHTC closing

    ]]>]]>     Mon, 02 Mar 2026 06:00:00 -0800 Spring Street Management Group Spring Street Management Group 194 An Oakland affordable housing development closes with $50 million in LIHTC equity — one of the largest Bay Area transactions this year. An Oakland affordable housing development closes with $50 million in LIHTC equity — one of the largest Bay Area transactions this year. Oakland affordable housing, LIHTC equity, Bay Area housing, California LIHTC, 4% LIHTC, tax-exempt bonds, private activity bonds, CalHFA, California Housing Finance Agency, Alameda County, LIHTC transaction, affordable housing financing, LIHTC investor, tax credit equity, multifamily development, urban affordable housing, California tax credit, affordable housing construction No     Episode 44: Indiana IHCDA Opens 2026 Rental Housing Tax Credit Application 44 44 Episode 44: Indiana IHCDA Opens 2026 Rental Housing Tax Credit Application full 8d0b553f-c53e-4a36-a4c7-8877f3cd5a12 https://share.transistor.fm/s/9a9fbbb1
  • First-round deadline approaching late March 2026
  • Emphasis on workforce housing targeting 60-80% AMI households
  • Scoring preferences for Qualified Census Tracts and high-opportunity areas
  • State Development Fund provides gap financing layering with federal credits
  • 4% pipeline active with new 25% bond threshold implementation
  • Updated guidance for bond-financed developments
  • Pre-application workshops scheduled for March in Indianapolis

    • First-time LIHTC developers should consider partnering with experienced firms to strengthen applications in this competitive market.

    Subscribe to The Spring Street Brief for daily updates on state QAP deadlines, LIHTC application requirements, and affordable housing development opportunities.

    Keywords: Indiana Housing and Community Development Authority, IHCDA, LIHTC application, Rental Housing Tax Credit, 9% LIHTC, 4% LIHTC, Indiana affordable housing, QAP, Qualified Allocation Plan, Development Fund, workforce housing, 60% AMI, 80% AMI, Qualified Census Tract, QCT, high-opportunity area, private activity bonds, 25% bond threshold, tax-exempt bonds, gap financing, Indiana housing developer

    ]]>]]>
  • First-round deadline approaching late March 2026
  • Emphasis on workforce housing targeting 60-80% AMI households
  • Scoring preferences for Qualified Census Tracts and high-opportunity areas
  • State Development Fund provides gap financing layering with federal credits
  • 4% pipeline active with new 25% bond threshold implementation
  • Updated guidance for bond-financed developments
  • Pre-application workshops scheduled for March in Indianapolis

    • First-time LIHTC developers should consider partnering with experienced firms to strengthen applications in this competitive market.

    Subscribe to The Spring Street Brief for daily updates on state QAP deadlines, LIHTC application requirements, and affordable housing development opportunities.

    Keywords: Indiana Housing and Community Development Authority, IHCDA, LIHTC application, Rental Housing Tax Credit, 9% LIHTC, 4% LIHTC, Indiana affordable housing, QAP, Qualified Allocation Plan, Development Fund, workforce housing, 60% AMI, 80% AMI, Qualified Census Tract, QCT, high-opportunity area, private activity bonds, 25% bond threshold, tax-exempt bonds, gap financing, Indiana housing developer

    ]]>]]>     Fri, 27 Feb 2026 06:00:00 -0800 Spring Street Management Group Spring Street Management Group 189 Indiana Housing and Community Development Authority opens 2026 LIHTC application cycle with first-round deadline approaching in late March. Indiana Housing and Community Development Authority opens 2026 LIHTC application cycle with first-round deadline approaching in late March. Indiana Housing and Community Development Authority, IHCDA, LIHTC application, Rental Housing Tax Credit, 9% LIHTC, 4% LIHTC, Indiana affordable housing, QAP, Qualified Allocation Plan, Development Fund, workforce housing, 60% AMI, 80% AMI, Qualified Census Tract, QCT, high-opportunity area, private activity bonds, 25% bond threshold, tax-exempt bonds, gap financing No     Episode 43: Rose Community Capital Launches LIHTC Pre-Development Loan Program 43 43 Episode 43: Rose Community Capital Launches LIHTC Pre-Development Loan Program full 163802c7-0c96-4158-a0b4-9cf354863a56 https://share.transistor.fm/s/fa408e6e
  • Addresses critical gap between site acquisition and construction closing
  • Pre-development costs can exceed $500,000 for competitive 9% deals
  • Covers architectural, engineering, environmental, market studies, and legal costs
  • Flexible terms with conversion options to permanent financing
  • Helps smaller developers and CDFIs compete with larger firms
  • Joins ecosystem including Enterprise Community Loan Fund and LISC
  • Currently accepting applications in Rose Community Capital service area

    • Developers should explore pre-development financing options as part of their capital stack planning for upcoming LIHTC applications.

    Subscribe to The Spring Street Brief for daily updates on LIHTC financing resources, CDFI lending programs, and affordable housing development tools.

    Keywords: Rose Community Capital, pre-development loan, LIHTC financing, affordable housing development, predevelopment costs, CDFI lending, community development financial institution, Enterprise Community Loan Fund, LISC, 9% LIHTC, capital stack, affordable housing financing, development financing, bridge loan, construction financing, market study, environmental assessment, LIHTC application, emerging developer, affordable housing developer

    ]]>]]>
  • Addresses critical gap between site acquisition and construction closing
  • Pre-development costs can exceed $500,000 for competitive 9% deals
  • Covers architectural, engineering, environmental, market studies, and legal costs
  • Flexible terms with conversion options to permanent financing
  • Helps smaller developers and CDFIs compete with larger firms
  • Joins ecosystem including Enterprise Community Loan Fund and LISC
  • Currently accepting applications in Rose Community Capital service area

    • Developers should explore pre-development financing options as part of their capital stack planning for upcoming LIHTC applications.

    Subscribe to The Spring Street Brief for daily updates on LIHTC financing resources, CDFI lending programs, and affordable housing development tools.

    Keywords: Rose Community Capital, pre-development loan, LIHTC financing, affordable housing development, predevelopment costs, CDFI lending, community development financial institution, Enterprise Community Loan Fund, LISC, 9% LIHTC, capital stack, affordable housing financing, development financing, bridge loan, construction financing, market study, environmental assessment, LIHTC application, emerging developer, affordable housing developer

    ]]>]]>     Thu, 26 Feb 2026 06:00:00 -0800 Spring Street Management Group Spring Street Management Group 194 Rose Community Capital launches a pre-development loan program to help affordable housing developers cover costs before LIHTC allocation. Rose Community Capital launches a pre-development loan program to help affordable housing developers cover costs before LIHTC allocation. Rose Community Capital, pre-development loan, LIHTC financing, affordable housing development, predevelopment costs, CDFI lending, community development financial institution, Enterprise Community Loan Fund, LISC, 9% LIHTC, capital stack, affordable housing financing, bridge loan, construction financing, market study, environmental assessment, LIHTC application, emerging developer No     Episode 42: North Carolina Announces $1.47 Billion in Affordable Housing Development 42 42 Episode 42: North Carolina Announces $1.47 Billion in Affordable Housing Development full 6d27ebe9-4280-4242-834a-c465a493e613 https://share.transistor.fm/s/17d36005
  • Thousands of new affordable rental units across North Carolina
  • Reflects expanded 9% allocation under One Big Beautiful Bill Act
  • New construction family housing in Charlotte and Raleigh metros
  • Senior housing developments in mid-sized communities
  • Rehabilitation of existing affordable stock in rural counties
  • 2026 QAP emphasizes 30% AMI households and high-opportunity areas
  • Next 9% application round opens summer 2026

    • Developers should begin site identification and local government engagement now to position competitive applications.

    Subscribe to The Spring Street Brief for daily updates on state HFA allocations, LIHTC awards, and affordable housing development opportunities.

    Keywords: North Carolina Housing Finance Agency, NCHFA, LIHTC awards, 9% LIHTC, Low-Income Housing Tax Credit, affordable housing development, North Carolina affordable housing, Charlotte housing, Raleigh housing, One Big Beautiful Bill Act, state housing finance agency, QAP, Qualified Allocation Plan, senior housing, family housing, rural housing, 30% AMI, high-opportunity areas, tax credit allocation, multifamily development, affordable rental housing

    ]]>]]>
  • Thousands of new affordable rental units across North Carolina
  • Reflects expanded 9% allocation under One Big Beautiful Bill Act
  • New construction family housing in Charlotte and Raleigh metros
  • Senior housing developments in mid-sized communities
  • Rehabilitation of existing affordable stock in rural counties
  • 2026 QAP emphasizes 30% AMI households and high-opportunity areas
  • Next 9% application round opens summer 2026

    • Developers should begin site identification and local government engagement now to position competitive applications.

    Subscribe to The Spring Street Brief for daily updates on state HFA allocations, LIHTC awards, and affordable housing development opportunities.

    Keywords: North Carolina Housing Finance Agency, NCHFA, LIHTC awards, 9% LIHTC, Low-Income Housing Tax Credit, affordable housing development, North Carolina affordable housing, Charlotte housing, Raleigh housing, One Big Beautiful Bill Act, state housing finance agency, QAP, Qualified Allocation Plan, senior housing, family housing, rural housing, 30% AMI, high-opportunity areas, tax credit allocation, multifamily development, affordable rental housing

    ]]>]]>     Wed, 25 Feb 2026 06:00:00 -0800 Spring Street Management Group Spring Street Management Group 205 North Carolina Housing Finance Agency announces LIHTC awards leveraging $1.47 billion in total affordable housing development. North Carolina Housing Finance Agency announces LIHTC awards leveraging $1.47 billion in total affordable housing development. North Carolina Housing Finance Agency, NCHFA, LIHTC awards, 9% LIHTC, Low-Income Housing Tax Credit, affordable housing development, North Carolina, Charlotte, Raleigh, One Big Beautiful Bill Act, state HFA, QAP, Qualified Allocation Plan, senior housing, family housing, rural housing, 30% AMI, high-opportunity areas, tax credit allocation, multifamily development No     Episode 41: Affordable Housing Credit Improvement Act Gains Senate Support 41 41 Episode 41: Affordable Housing Credit Improvement Act Gains Senate Support full 975ec087-98a5-4802-9af0-cd21da828769 https://share.transistor.fm/s/f4273e95
  • 50% increase in annual 9% LIHTC allocation ceiling
  • Minimum 4% credit rate floor to stabilize deal economics
  • Rural housing set-asides for underserved areas
  • Preservation provisions for aging LIHTC properties
  • Could support 200,000 additional affordable units over 10 years
  • Led by Senators Maria Cantwell and Todd Young
  • Advocates pushing for floor vote before August recess

    • Developers should track this legislation closely as expanded credits would reshape pro formas and accelerate pipeline activity.

    Subscribe to The Spring Street Brief for daily updates on LIHTC legislation and affordable housing policy affecting investors, developers, and syndicators.

    Keywords: Affordable Housing Credit Improvement Act, AHCIA, LIHTC expansion, 9% LIHTC, 4% LIHTC, Low-Income Housing Tax Credit, tax credit legislation, affordable housing legislation, Senator Maria Cantwell, Senator Todd Young, bipartisan housing bill, credit allocation ceiling, rural housing, LIHTC preservation, affordable housing development, tax credit investor, LIHTC syndicator, housing policy 2026, LIHTC reform, affordable housing production

    ]]>]]>
  • 50% increase in annual 9% LIHTC allocation ceiling
  • Minimum 4% credit rate floor to stabilize deal economics
  • Rural housing set-asides for underserved areas
  • Preservation provisions for aging LIHTC properties
  • Could support 200,000 additional affordable units over 10 years
  • Led by Senators Maria Cantwell and Todd Young
  • Advocates pushing for floor vote before August recess

    • Developers should track this legislation closely as expanded credits would reshape pro formas and accelerate pipeline activity.

    Subscribe to The Spring Street Brief for daily updates on LIHTC legislation and affordable housing policy affecting investors, developers, and syndicators.

    Keywords: Affordable Housing Credit Improvement Act, AHCIA, LIHTC expansion, 9% LIHTC, 4% LIHTC, Low-Income Housing Tax Credit, tax credit legislation, affordable housing legislation, Senator Maria Cantwell, Senator Todd Young, bipartisan housing bill, credit allocation ceiling, rural housing, LIHTC preservation, affordable housing development, tax credit investor, LIHTC syndicator, housing policy 2026, LIHTC reform, affordable housing production

    ]]>]]>     Tue, 24 Feb 2026 06:00:00 -0800 Spring Street Management Group Spring Street Management Group 211 The Affordable Housing Credit Improvement Act builds momentum with bipartisan Senate support, proposing a 50% increase in 9% LIHTC allocations. The Affordable Housing Credit Improvement Act builds momentum with bipartisan Senate support, proposing a 50% increase in 9% LIHTC allocations. Affordable Housing Credit Improvement Act, AHCIA, LIHTC expansion, 9% LIHTC, 4% LIHTC, Low-Income Housing Tax Credit, tax credit legislation, affordable housing legislation, Maria Cantwell, Todd Young, bipartisan housing bill, credit allocation, rural housing, LIHTC preservation, affordable housing development, tax credit investor, LIHTC syndicator, housing policy, LIHTC reform, HFA No     Episode 40: HUD Proposes Ending Assistance for Mixed-Status Families 40 40 Episode 40: HUD Proposes Ending Assistance for Mixed-Status Families full aba094f9-31b7-428e-8fb3-4750c9f9307b https://share.transistor.fm/s/5ed79851
  • Proposed rule published February 19, 2026
  • Could affect approximately 100,000 individuals, many U.S. citizen children
  • Families would face choosing between staying together or losing benefits
  • Creates operational complexity for LIHTC properties with Project-Based Vouchers
  • Comment period closes March 21, 2026
  • Legal challenges expected to delay implementation

    • Property owners and housing authorities should review tenant demographics to assess exposure to this proposed rule change.

    Subscribe to The Spring Street Brief for daily updates on affordable housing policy, LIHTC developments, and HUD regulatory changes affecting multifamily property owners and developers.

    Keywords: HUD proposed rule, mixed-status families, federal housing assistance, immigration status, Housing Choice Voucher, Section 8, LIHTC, Low-Income Housing Tax Credit, Project-Based Vouchers, affordable housing policy, HUD regulations, multifamily housing, rental assistance, public housing, housing authority compliance, tenant eligibility, fair housing, housing policy 2026, HUD rulemaking, affordable housing compliance, property management

    ]]>]]>
  • Proposed rule published February 19, 2026
  • Could affect approximately 100,000 individuals, many U.S. citizen children
  • Families would face choosing between staying together or losing benefits
  • Creates operational complexity for LIHTC properties with Project-Based Vouchers
  • Comment period closes March 21, 2026
  • Legal challenges expected to delay implementation

    • Property owners and housing authorities should review tenant demographics to assess exposure to this proposed rule change.

    Subscribe to The Spring Street Brief for daily updates on affordable housing policy, LIHTC developments, and HUD regulatory changes affecting multifamily property owners and developers.

    Keywords: HUD proposed rule, mixed-status families, federal housing assistance, immigration status, Housing Choice Voucher, Section 8, LIHTC, Low-Income Housing Tax Credit, Project-Based Vouchers, affordable housing policy, HUD regulations, multifamily housing, rental assistance, public housing, housing authority compliance, tenant eligibility, fair housing, housing policy 2026, HUD rulemaking, affordable housing compliance, property management

    ]]>]]>     Mon, 23 Feb 2026 06:00:00 -0800 Spring Street Management Group Spring Street Management Group 205 HUD proposes ending the mixed-status family provision, potentially affecting 25,000 households and 100,000 individuals including U.S. citizen children. HUD proposes ending the mixed-status family provision, potentially affecting 25,000 households and 100,000 individuals including U.S. citizen children. HUD, mixed-status families, federal housing assistance, immigration, Housing Choice Voucher, Section 8, LIHTC, Low-Income Housing Tax Credit, Project-Based Vouchers, affordable housing policy, HUD regulations, multifamily housing, rental assistance, public housing, housing authority, tenant eligibility, fair housing, HUD rulemaking, affordable housing compliance, property management, HCV No     Episode 39: Texas LIHTC Application Deadline Approaches — February 27th 39 39 Episode 39: Texas LIHTC Application Deadline Approaches — February 27th full 12a46e51-ad26-4efc-a400-9527ac0dd374 https://share.transistor.fm/s/947c7d7a The Texas Department of Housing and Community Affairs 9% LIHTC application deadline is February 27, 2026 — less than two weeks away.

    Texas Market Overview:

    • One of largest LIHTC allocations in the nation
    • 2026 QAP reflects 12% permanent credit increase under OBBBA
    • Remains one of most competitive LIHTC markets

    Application Requirements:

    • Specific scoring criteria for location, tenant populations, experience
    • Local support resolutions required
    • Market studies and environmental assessments must be complete
    • Regional allocation formula ensures geographic diversity

    Alternative Paths:

    • Texas implementing 25% bond threshold for 4% deals
    • Bond-financed projects don't compete for limited 9% ceiling
    • Consider 4% if 9% scoring is borderline

    TAAHP Priorities:

    • Expanding tax-exempt bonds and credits
    • 89th Texas legislative session advocacy

    Subscribe to The Spring Street Brief for daily updates on LIHTC applications, Texas TDHCA, QAP deadlines, 4% and 9% credits, and state HFA activity.

    ]]>     The Texas Department of Housing and Community Affairs 9% LIHTC application deadline is February 27, 2026 — less than two weeks away.

    Texas Market Overview:

    • One of largest LIHTC allocations in the nation
    • 2026 QAP reflects 12% permanent credit increase under OBBBA
    • Remains one of most competitive LIHTC markets

    Application Requirements:

    • Specific scoring criteria for location, tenant populations, experience
    • Local support resolutions required
    • Market studies and environmental assessments must be complete
    • Regional allocation formula ensures geographic diversity

    Alternative Paths:

    • Texas implementing 25% bond threshold for 4% deals
    • Bond-financed projects don't compete for limited 9% ceiling
    • Consider 4% if 9% scoring is borderline

    TAAHP Priorities:

    • Expanding tax-exempt bonds and credits
    • 89th Texas legislative session advocacy

    Subscribe to The Spring Street Brief for daily updates on LIHTC applications, Texas TDHCA, QAP deadlines, 4% and 9% credits, and state HFA activity.

    ]]>     Fri, 20 Feb 2026 14:00:00 -0800 Spring Street Management Group Spring Street Management Group 187 Texas 9% LIHTC application deadline is February 27th, with expanded credit authority under OBBBA and TAAHP outlining 89th legislative session priorities for tax-exempt bonds. Texas 9% LIHTC application deadline is February 27th, with expanded credit authority under OBBBA and TAAHP outlining 89th legislative session priorities for tax-exempt bonds. affordable housing, LIHTC, low-income housing tax credit, Section 8, housing choice voucher, HUD, housing finance, multifamily, tax credit investing, private activity bonds, housing policy, housing development, real estate investing, affordable housing news, housing authority, 4% LIHTC, 9% LIHTC, HOTMA, housing tax credits, workforce housing No     Episode 38: Illinois Introduces Bill to Renew State Affordable Housing Tax Credit 38 38 Episode 38: Illinois Introduces Bill to Renew State Affordable Housing Tax Credit full 68c16246-0b3d-41e8-9613-9f9861c6bf9d https://share.transistor.fm/s/6d4a945a The Illinois General Assembly has introduced House Bill 4413 to renew the Illinois Affordable Housing Tax Credit — a state-level credit that layers with federal LIHTC.

    State Credit Importance:

    • Fills financing gaps as development costs rise
    • Makes marginal projects feasible
    • Attracts investors layering state and federal credits
    • Most states now have state housing credit programs

    Illinois Program:

    • Supported thousands of affordable units since inception
    • Renewal would extend and potentially expand capacity
    • Details on allocation amounts being finalized

    Developer Action Items:

    • Illinois 9% LIHTC deadline: February 25, 2026
    • Track HB 4413 progress for financial projections
    • Consider state credit in investor conversations

    National Trend:

    • Michigan advocates proposing $42M annual state credit
    • More states complementing federal credits

    Subscribe to The Spring Street Brief for daily coverage of state housing tax credits, LIHTC, QAP deadlines, and affordable housing legislation.

    ]]>     The Illinois General Assembly has introduced House Bill 4413 to renew the Illinois Affordable Housing Tax Credit — a state-level credit that layers with federal LIHTC.

    State Credit Importance:

    • Fills financing gaps as development costs rise
    • Makes marginal projects feasible
    • Attracts investors layering state and federal credits
    • Most states now have state housing credit programs

    Illinois Program:

    • Supported thousands of affordable units since inception
    • Renewal would extend and potentially expand capacity
    • Details on allocation amounts being finalized

    Developer Action Items:

    • Illinois 9% LIHTC deadline: February 25, 2026
    • Track HB 4413 progress for financial projections
    • Consider state credit in investor conversations

    National Trend:

    • Michigan advocates proposing $42M annual state credit
    • More states complementing federal credits

    Subscribe to The Spring Street Brief for daily coverage of state housing tax credits, LIHTC, QAP deadlines, and affordable housing legislation.

    ]]>     Thu, 19 Feb 2026 14:00:00 -0800 Spring Street Management Group Spring Street Management Group 169 Illinois House Bill 4413 seeks to renew the state affordable housing tax credit program that layers with federal LIHTC, as the February 25th 9% application deadline approaches. Illinois House Bill 4413 seeks to renew the state affordable housing tax credit program that layers with federal LIHTC, as the February 25th 9% application deadline approaches. affordable housing, LIHTC, low-income housing tax credit, Section 8, housing choice voucher, HUD, housing finance, multifamily, tax credit investing, private activity bonds, housing policy, housing development, real estate investing, affordable housing news, housing authority, 4% LIHTC, 9% LIHTC, HOTMA, housing tax credits, workforce housing No     Episode 37: CHAPA Releases First Report on Housing Choice Voucher Utilization 37 37 Episode 37: CHAPA Releases First Report on Housing Choice Voucher Utilization full 885b41c9-d57d-47a2-bf51-0c4c47ce5fb8 https://share.transistor.fm/s/e72dfb48 CHAPA has released its first comprehensive report on Housing Choice Voucher utilization in Massachusetts, titled "Shaping Action: Findings on Use of Housing Choice Vouchers."

    Key Findings:

    • Voucher success rates vary significantly across housing authorities
    • Tight rental markets challenge voucher holders finding units
    • Payment standards competitive but landlord participation limited

    LIHTC Integration:

    • Many LIHTC developments accept voucher holders
    • Provides pipeline of income-qualified tenants
    • Reliable rent payments backed by housing authorities
    • Reduces lease-up risk for LIHTC owners

    Landlord Barriers:

    • Inspection requirements cited as obstacle
    • Payment processing delays
    • Housing for the 21st Century Act may address inspection concerns

    Subscribe to The Spring Street Brief for daily updates on Housing Choice Vouchers, Section 8, LIHTC compliance, and voucher utilization research.

    ]]>     CHAPA has released its first comprehensive report on Housing Choice Voucher utilization in Massachusetts, titled "Shaping Action: Findings on Use of Housing Choice Vouchers."

    Key Findings:

    • Voucher success rates vary significantly across housing authorities
    • Tight rental markets challenge voucher holders finding units
    • Payment standards competitive but landlord participation limited

    LIHTC Integration:

    • Many LIHTC developments accept voucher holders
    • Provides pipeline of income-qualified tenants
    • Reliable rent payments backed by housing authorities
    • Reduces lease-up risk for LIHTC owners

    Landlord Barriers:

    • Inspection requirements cited as obstacle
    • Payment processing delays
    • Housing for the 21st Century Act may address inspection concerns

    Subscribe to The Spring Street Brief for daily updates on Housing Choice Vouchers, Section 8, LIHTC compliance, and voucher utilization research.

    ]]>     Wed, 18 Feb 2026 14:00:00 -0800 Spring Street Management Group Spring Street Management Group 159 Citizens' Housing and Planning Association releases first comprehensive research on Housing Choice Voucher usage in Massachusetts, examining success rates and LIHTC property intersections. Citizens' Housing and Planning Association releases first comprehensive research on Housing Choice Voucher usage in Massachusetts, examining success rates and LIHTC property intersections. affordable housing, LIHTC, low-income housing tax credit, Section 8, housing choice voucher, HUD, housing finance, multifamily, tax credit investing, private activity bonds, housing policy, housing development, real estate investing, affordable housing news, housing authority, 4% LIHTC, 9% LIHTC, HOTMA, housing tax credits, workforce housing No     Episode 36: States Implement New 25% Bond Test for 4% LIHTC 36 36 Episode 36: States Implement New 25% Bond Test for 4% LIHTC full c5dd53de-159b-4fc1-b338-4445a78c300d https://share.transistor.fm/s/58958702 The lowered private activity bond threshold took effect January 1st, and state HFAs are now rolling out implementation policies that vary significantly by state.

    Threshold Change:

    • Minimum bond financing dropped from 50% to 25% of aggregate basis
    • Less tax-exempt debt required per project
    • Frees up bond volume cap for additional deals

    State Implementation:

    • California CDLAC: Emergency rulemaking initiated
    • Housing New Mexico: Updated 4% LIHTC plan
    • Colorado: Phased approach with 45% upper limit for 2026

    Developer Impact:

    • Acquisition-rehab deals: $5M bond requirement now $2.5M on $10M project
    • Lower debt service and transaction costs
    • Improved project economics
    • Work with bond counsel on state-specific requirements

    Subscribe to The Spring Street Brief for daily coverage of private activity bonds, 4% LIHTC, bond volume cap, and state HFA policy updates.

    ]]>     The lowered private activity bond threshold took effect January 1st, and state HFAs are now rolling out implementation policies that vary significantly by state.

    Threshold Change:

    • Minimum bond financing dropped from 50% to 25% of aggregate basis
    • Less tax-exempt debt required per project
    • Frees up bond volume cap for additional deals

    State Implementation:

    • California CDLAC: Emergency rulemaking initiated
    • Housing New Mexico: Updated 4% LIHTC plan
    • Colorado: Phased approach with 45% upper limit for 2026

    Developer Impact:

    • Acquisition-rehab deals: $5M bond requirement now $2.5M on $10M project
    • Lower debt service and transaction costs
    • Improved project economics
    • Work with bond counsel on state-specific requirements

    Subscribe to The Spring Street Brief for daily coverage of private activity bonds, 4% LIHTC, bond volume cap, and state HFA policy updates.

    ]]>     Tue, 17 Feb 2026 14:00:00 -0800 Spring Street Management Group Spring Street Management Group 215 State housing finance agencies roll out implementation policies for the new 25% private activity bond threshold, with California, New Mexico, and Colorado taking varied approaches. State housing finance agencies roll out implementation policies for the new 25% private activity bond threshold, with California, New Mexico, and Colorado taking varied approaches. affordable housing, LIHTC, low-income housing tax credit, Section 8, housing choice voucher, HUD, housing finance, multifamily, tax credit investing, private activity bonds, housing policy, housing development, real estate investing, affordable housing news, housing authority, 4% LIHTC, 9% LIHTC, HOTMA, housing tax credits, workforce housing No     Episode 35: FY26 HUD Appropriations Bill Signed — $77.3 Billion for Housing 35 35 Episode 35: FY26 HUD Appropriations Bill Signed — $77.3 Billion for Housing full 66c33809-6436-4e42-873b-98db86aefbe0 https://share.transistor.fm/s/fc5cbb3e The FY2026 Transportation, Housing, and Urban Development appropriations bill provides $77.3 billion for HUD programs — a $7.2 billion increase and one of the largest in recent memory.

    Key Allocations:

    • Public housing operating funds: $5.02 billion
    • Public housing capital funds: $3.2 billion
    • Continuum of Care (homeless services): $4.01 billion
    • Housing Choice Vouchers: Full renewal funding plus incremental vouchers
    • Project-Based Rental Assistance: Contract renewals and inflation adjustments

    Stakeholder Impact:

    • 2.4 million voucher households protected from terminations
    • Housing authorities can plan with funding security
    • Property owners assured continued HAP payments
    • Developers confident in lease-up assistance availability

    Subscribe to The Spring Street Brief for daily updates on HUD appropriations, Section 8, public housing, homeless assistance, and PBRA contracts.

    ]]>     The FY2026 Transportation, Housing, and Urban Development appropriations bill provides $77.3 billion for HUD programs — a $7.2 billion increase and one of the largest in recent memory.

    Key Allocations:

    • Public housing operating funds: $5.02 billion
    • Public housing capital funds: $3.2 billion
    • Continuum of Care (homeless services): $4.01 billion
    • Housing Choice Vouchers: Full renewal funding plus incremental vouchers
    • Project-Based Rental Assistance: Contract renewals and inflation adjustments

    Stakeholder Impact:

    • 2.4 million voucher households protected from terminations
    • Housing authorities can plan with funding security
    • Property owners assured continued HAP payments
    • Developers confident in lease-up assistance availability

    Subscribe to The Spring Street Brief for daily updates on HUD appropriations, Section 8, public housing, homeless assistance, and PBRA contracts.

    ]]>     Mon, 16 Feb 2026 14:00:00 -0800 Spring Street Management Group Spring Street Management Group 187 Congress passes FY2026 HUD appropriations providing $77.3 billion — a $7.2 billion increase — with full Housing Choice Voucher renewals and $4.01 billion for Continuum of Care. Congress passes FY2026 HUD appropriations providing $77.3 billion — a $7.2 billion increase — with full Housing Choice Voucher renewals and $4.01 billion for Continuum of Care. affordable housing, LIHTC, low-income housing tax credit, Section 8, housing choice voucher, HUD, housing finance, multifamily, tax credit investing, private activity bonds, housing policy, housing development, real estate investing, affordable housing news, housing authority, 4% LIHTC, 9% LIHTC, HOTMA, housing tax credits, workforce housing No     Episode 34: ROAD to Housing Act Advances with Unanimous Committee Vote 34 34 Episode 34: ROAD to Housing Act Advances with Unanimous Committee Vote full c504b412-ff0b-4f4e-affe-049a2b5f7bff https://share.transistor.fm/s/31dc15c6 The ROAD to Housing Act passed the Senate Banking Committee by a vote of 24 to 0 — unanimous bipartisan support signaling strong prospects for full Senate passage.

    Key Provisions:

    • Streamlines environmental review processes for residential projects
    • Expands HUD and USDA program coordination for rural housing
    • Modernizes manufactured housing regulations and financing
    • Expands down payment assistance eligibility
    • FHA modernization for first-time buyers

    Legislative Context:

    • Complements Housing for the 21st Century Act (House)
    • Most significant housing reform effort in years
    • Industry groups endorse pragmatic supply-focused approach
    • National League of Cities praises local control provisions

    Timeline:

    • Full Senate vote expected late February/early March
    • Conference committee to reconcile House and Senate versions

    Subscribe to The Spring Street Brief for daily coverage of housing legislation, LIHTC, HUD policy, and affordable housing reform.

    ]]>     The ROAD to Housing Act passed the Senate Banking Committee by a vote of 24 to 0 — unanimous bipartisan support signaling strong prospects for full Senate passage.

    Key Provisions:

    • Streamlines environmental review processes for residential projects
    • Expands HUD and USDA program coordination for rural housing
    • Modernizes manufactured housing regulations and financing
    • Expands down payment assistance eligibility
    • FHA modernization for first-time buyers

    Legislative Context:

    • Complements Housing for the 21st Century Act (House)
    • Most significant housing reform effort in years
    • Industry groups endorse pragmatic supply-focused approach
    • National League of Cities praises local control provisions

    Timeline:

    • Full Senate vote expected late February/early March
    • Conference committee to reconcile House and Senate versions

    Subscribe to The Spring Street Brief for daily coverage of housing legislation, LIHTC, HUD policy, and affordable housing reform.

    ]]>     Fri, 13 Feb 2026 14:00:00 -0800 Spring Street Management Group Spring Street Management Group 201 Senator Tim Scott's ROAD to Housing Act passes Senate Banking Committee 24-0, focusing on lowering housing costs, expanding supply, and streamlining environmental reviews. Senator Tim Scott's ROAD to Housing Act passes Senate Banking Committee 24-0, focusing on lowering housing costs, expanding supply, and streamlining environmental reviews. affordable housing, LIHTC, low-income housing tax credit, Section 8, housing choice voucher, HUD, housing finance, multifamily, tax credit investing, private activity bonds, housing policy, housing development, real estate investing, affordable housing news, housing authority, 4% LIHTC, 9% LIHTC, HOTMA, housing tax credits, workforce housing No     Episode 33: Multistate Coalition Opposes HUD Disparate Impact Rollback 33 33 Episode 33: Multistate Coalition Opposes HUD Disparate Impact Rollback full 8f656d7d-0df1-4d13-924d-5f2a1d05b3d9 https://share.transistor.fm/s/8e3ad140 A coalition of 24 state attorneys general, led by California AG Rob Bonta, submitted comments opposing HUD's proposed rollback of Fair Housing Act disparate impact regulations.

    Disparate Impact Standard:

    • Upheld by Supreme Court in 2015 (Texas v. Inclusive Communities)
    • Allows challenges to practices with discriminatory effects
    • No proof of discriminatory intent required

    Coalition Opposition:

    • 24 state attorneys general call proposed rule unlawful
    • NAACP Legal Defense Fund urges maintaining framework
    • Housing Assistance Council highlights rural community impacts
    • Marin County expresses local compliance concerns

    Implications for Owners:

    • Outcome shapes compliance requirements for years
    • State fair housing laws may still enforce disparate impact
    • Potential patchwork of requirements across jurisdictions

    Subscribe to The Spring Street Brief for daily updates on fair housing, HUD rulemaking, civil rights enforcement, and affordable housing compliance.

    ]]>     A coalition of 24 state attorneys general, led by California AG Rob Bonta, submitted comments opposing HUD's proposed rollback of Fair Housing Act disparate impact regulations.

    Disparate Impact Standard:

    • Upheld by Supreme Court in 2015 (Texas v. Inclusive Communities)
    • Allows challenges to practices with discriminatory effects
    • No proof of discriminatory intent required

    Coalition Opposition:

    • 24 state attorneys general call proposed rule unlawful
    • NAACP Legal Defense Fund urges maintaining framework
    • Housing Assistance Council highlights rural community impacts
    • Marin County expresses local compliance concerns

    Implications for Owners:

    • Outcome shapes compliance requirements for years
    • State fair housing laws may still enforce disparate impact
    • Potential patchwork of requirements across jurisdictions

    Subscribe to The Spring Street Brief for daily updates on fair housing, HUD rulemaking, civil rights enforcement, and affordable housing compliance.

    ]]>     Thu, 12 Feb 2026 14:00:00 -0800 Spring Street Management Group Spring Street Management Group 184 California AG Rob Bonta leads 24 state attorneys general opposing HUD's proposed elimination of Fair Housing Act disparate impact regulations, calling the rule unlawful. California AG Rob Bonta leads 24 state attorneys general opposing HUD's proposed elimination of Fair Housing Act disparate impact regulations, calling the rule unlawful. affordable housing, LIHTC, low-income housing tax credit, Section 8, housing choice voucher, HUD, housing finance, multifamily, tax credit investing, private activity bonds, housing policy, housing development, real estate investing, affordable housing news, housing authority, 4% LIHTC, 9% LIHTC, HOTMA, housing tax credits, workforce housing No     Episode 32: Colorado HFA Awards 840 Units in Latest LIHTC Round 32 32 Episode 32: Colorado HFA Awards 840 Units in Latest LIHTC Round full a89ab168-acc6-4c28-b0a2-135c71ec8b90 https://share.transistor.fm/s/76fa500d CHFA announced reservations for nine affordable housing developments, supporting approximately 840 new units with federal and state Housing Tax Credits — one of the largest allocation rounds in recent history.

    Allocation Details:

    • Nine developments across Colorado communities
    • Mix of urban Front Range and smaller community projects
    • New construction family housing, senior developments, and preservation deals

    Policy Context:

    • Reflects 12% permanent increase in 9% credits under OBBBA
    • 25% bond threshold expands 4% LIHTC options
    • Colorado phasing in with 45% upper limit for 2026

    Developer Action Items:

    • Second 9% application deadline approaching
    • Review updated QAP and application materials
    • Explore state housing trust fund layering strategies

    Subscribe to The Spring Street Brief for daily coverage of LIHTC allocations, state HFA activity, 4% and 9% credits, and QAP updates.

    ]]>     CHFA announced reservations for nine affordable housing developments, supporting approximately 840 new units with federal and state Housing Tax Credits — one of the largest allocation rounds in recent history.

    Allocation Details:

    • Nine developments across Colorado communities
    • Mix of urban Front Range and smaller community projects
    • New construction family housing, senior developments, and preservation deals

    Policy Context:

    • Reflects 12% permanent increase in 9% credits under OBBBA
    • 25% bond threshold expands 4% LIHTC options
    • Colorado phasing in with 45% upper limit for 2026

    Developer Action Items:

    • Second 9% application deadline approaching
    • Review updated QAP and application materials
    • Explore state housing trust fund layering strategies

    Subscribe to The Spring Street Brief for daily coverage of LIHTC allocations, state HFA activity, 4% and 9% credits, and QAP updates.

    ]]>     Wed, 11 Feb 2026 14:00:00 -0800 Spring Street Management Group Spring Street Management Group 168 Colorado Housing and Finance Authority announces reservations for nine developments supporting 840 new affordable units, reflecting expanded LIHTC resources under the One Big Beautiful Bill Act. Colorado Housing and Finance Authority announces reservations for nine developments supporting 840 new affordable units, reflecting expanded LIHTC resources under the One Big Beautiful Bill Act. affordable housing, LIHTC, low-income housing tax credit, Section 8, housing choice voucher, HUD, housing finance, multifamily, tax credit investing, private activity bonds, housing policy, housing development, real estate investing, affordable housing news, housing authority, 4% LIHTC, 9% LIHTC, HOTMA, housing tax credits, workforce housing No     Episode 31: Emergency Housing Vouchers Program Ending Early 31 31 Episode 31: Emergency Housing Vouchers Program Ending Early full 1d00653b-5d6a-471b-8f6c-08ca24d5c1b7 https://share.transistor.fm/s/0aa361e1 HUD has announced the early termination of the Emergency Housing Voucher program, creating transition challenges for housing authorities and property owners nationwide.

    Program Background:

    • Launched during pandemic via American Rescue Plan Act
    • Approximately 70,000 vouchers funded for vulnerable populations
    • Intended for absorption into regular Housing Choice Voucher program

    Impact by Region:

    • San Diego: Hundreds face potential homelessness
    • Tacoma, WA: Significant utilization concerns
    • Multiple states scrambling for contingency plans

    Action Items:

    • Property owners: Communicate with local housing authorities on timelines
    • Housing authorities: Identify EHV households and assess mainstream voucher eligibility
    • Prioritize most vulnerable for available assistance slots

    Subscribe to The Spring Street Brief for daily updates on Housing Choice Vouchers, Section 8, HUD policy, and rental assistance programs.

    ]]>     HUD has announced the early termination of the Emergency Housing Voucher program, creating transition challenges for housing authorities and property owners nationwide.

    Program Background:

    • Launched during pandemic via American Rescue Plan Act
    • Approximately 70,000 vouchers funded for vulnerable populations
    • Intended for absorption into regular Housing Choice Voucher program

    Impact by Region:

    • San Diego: Hundreds face potential homelessness
    • Tacoma, WA: Significant utilization concerns
    • Multiple states scrambling for contingency plans

    Action Items:

    • Property owners: Communicate with local housing authorities on timelines
    • Housing authorities: Identify EHV households and assess mainstream voucher eligibility
    • Prioritize most vulnerable for available assistance slots

    Subscribe to The Spring Street Brief for daily updates on Housing Choice Vouchers, Section 8, HUD policy, and rental assistance programs.

    ]]>     Tue, 10 Feb 2026 14:00:00 -0800 Spring Street Management Group Spring Street Management Group 159 HUD announces early termination of the Emergency Housing Voucher program, leaving hundreds of families at risk without clear transition pathways to regular Housing Choice Vouchers. HUD announces early termination of the Emergency Housing Voucher program, leaving hundreds of families at risk without clear transition pathways to regular Housing Choice Vouchers. affordable housing, LIHTC, low-income housing tax credit, Section 8, housing choice voucher, HUD, housing finance, multifamily, tax credit investing, private activity bonds, housing policy, housing development, real estate investing, affordable housing news, housing authority, 4% LIHTC, 9% LIHTC, HOTMA, housing tax credits, workforce housing No     Episode 30: Housing for the 21st Century Act Passes House 390-9 30 30 Episode 30: Housing for the 21st Century Act Passes House 390-9 full 98063904-ca8c-47c1-88a9-2563582013a2 https://share.transistor.fm/s/b4c6101a The House passed the Housing for the 21st Century Act by a vote of 390 to 9 — a remarkable display of bipartisan consensus on housing policy. The bill now advances to the Senate.

    Key Provisions:

    • Directs HUD to publish best practices for local zoning reforms
    • Includes pre-approved housing designs and model codes for rural, suburban, and urban contexts
    • Increases FHA multifamily loan limits for larger projects
    • Streamlines Housing Choice Voucher inspection requirements
    • Expands HOME Investment Partnerships flexibility for workforce housing
    • Modernizes veterans' housing programs and manufactured home policies

    Industry Support:

    • Over 70 industry groups endorsed the legislation
    • Addresses estimated 4-7 million unit housing shortage
    • Senate expected to take up the bill in March

    Subscribe to The Spring Street Brief for daily affordable housing news covering LIHTC, HUD policy, Section 8, and housing reform legislation.

    ]]>     The House passed the Housing for the 21st Century Act by a vote of 390 to 9 — a remarkable display of bipartisan consensus on housing policy. The bill now advances to the Senate.

    Key Provisions:

    • Directs HUD to publish best practices for local zoning reforms
    • Includes pre-approved housing designs and model codes for rural, suburban, and urban contexts
    • Increases FHA multifamily loan limits for larger projects
    • Streamlines Housing Choice Voucher inspection requirements
    • Expands HOME Investment Partnerships flexibility for workforce housing
    • Modernizes veterans' housing programs and manufactured home policies

    Industry Support:

    • Over 70 industry groups endorsed the legislation
    • Addresses estimated 4-7 million unit housing shortage
    • Senate expected to take up the bill in March

    Subscribe to The Spring Street Brief for daily affordable housing news covering LIHTC, HUD policy, Section 8, and housing reform legislation.

    ]]>     Mon, 09 Feb 2026 14:00:00 -0800 Spring Street Management Group Spring Street Management Group 182 The Housing for the 21st Century Act passes the House 390-9, directing HUD to publish zoning best practices, increasing FHA multifamily loan limits, and streamlining Housing Choice Voucher inspections. The Housing for the 21st Century Act passes the House 390-9, directing HUD to publish zoning best practices, increasing FHA multifamily loan limits, and streamlining Housing Choice Voucher inspections. affordable housing, LIHTC, low-income housing tax credit, Section 8, housing choice voucher, HUD, housing finance, multifamily, tax credit investing, private activity bonds, housing policy, housing development, real estate investing, affordable housing news, housing authority, 4% LIHTC, 9% LIHTC, HOTMA, housing tax credits, workforce housing No     Episode 29: HUD Rescinds 30-Day Eviction Notice Rule for Nonpayment 29 29 Episode 29: HUD Rescinds 30-Day Eviction Notice Rule for Nonpayment full 4e146ac6-d57c-4e7a-a7d8-25a1d90ff448 https://share.transistor.fm/s/baa64577 The Office of Information and Regulatory Affairs concluded review of HUD regulatory changes, including rescission of the 30-day notice requirement for nonpayment evictions in federally assisted housing.

    30-Day Notice Rescission:

    • Current rule: 30 days' notice required before eviction for nonpayment
    • New rule: Owners follow state and local eviction timelines
    • Impact: Some states require as little as 3 days' notice
    • Affects: LIHTC, Project-Based Section 8, and public housing

    Work Requirements Proposal:

    • Able-bodied adults without dependents must meet work/training requirements
    • Similar to SNAP and Medicaid work requirements
    • Elderly and disabled tenants exempted

    Action Items for Property Owners:

    • Review lease enforcement policies and eviction procedures
    • Update lease language and tenant notices as needed
    • Train staff on new requirements
    • Coordinate with legal counsel on federal and state compliance

    Subscribe to The Spring Street Brief for daily affordable housing news covering HUD policy, eviction rules, assisted housing compliance, and regulatory updates.]]>

    ]]>     The Office of Information and Regulatory Affairs concluded review of HUD regulatory changes, including rescission of the 30-day notice requirement for nonpayment evictions in federally assisted housing.

    30-Day Notice Rescission:

    • Current rule: 30 days' notice required before eviction for nonpayment
    • New rule: Owners follow state and local eviction timelines
    • Impact: Some states require as little as 3 days' notice
    • Affects: LIHTC, Project-Based Section 8, and public housing

    Work Requirements Proposal:

    • Able-bodied adults without dependents must meet work/training requirements
    • Similar to SNAP and Medicaid work requirements
    • Elderly and disabled tenants exempted

    Action Items for Property Owners:

    • Review lease enforcement policies and eviction procedures
    • Update lease language and tenant notices as needed
    • Train staff on new requirements
    • Coordinate with legal counsel on federal and state compliance

    Subscribe to The Spring Street Brief for daily affordable housing news covering HUD policy, eviction rules, assisted housing compliance, and regulatory updates.]]>

    ]]>     Fri, 06 Feb 2026 06:00:00 -0800 Spring Street Management Group Spring Street Management Group 169 HUD rescinds 30-day eviction notice requirement for nonpayment in federally assisted housing. Work requirements for assisted housing tenants also proposed. HUD rescinds 30-day eviction notice requirement for nonpayment in federally assisted housing. Work requirements for assisted housing tenants also proposed. HUD eviction rules, 30-day notice, nonpayment eviction, OIRA, work requirements, assisted housing, LIHTC compliance, Project-Based Section 8, public housing, tenant protections, lease enforcement, regulatory changes 2026 No     Episode 28: 25% PAB Threshold Takes Effect — States Implement New Rules 28 28 Episode 28: 25% PAB Threshold Takes Effect — States Implement New Rules full 8196e95c-932c-40f7-8615-83576724eced https://share.transistor.fm/s/dcf95633 The reduced private activity bond financing threshold—from 50% to 25% of aggregate basis—took effect January 1, 2026, unlocking significant additional 4% LIHTC production capacity.

    What Changed:

    • Previous threshold: 50% of aggregate basis in bond financing required
    • New threshold: Only 25% bond financing needed for 4% LIHTC eligibility
    • Result: Less bond volume cap consumed per project
    • Impact: States can finance more deals with same allocation

    State Implementation Approaches:

    • California: Encouraging return of unused 2025 PAB allocations for redeployment
    • Colorado: Phasing in threshold, starting at 45% upper limit for 2026 rounds
    • Other states: Updating QAPs and application materials

    Developer Implications:

    • Acquisition-rehab deals can proceed with smaller bond issuances
    • Improved project economics through reduced debt service
    • New opportunities in bond-constrained states
    • Work closely with bond counsel on state-specific requirements

    Subscribe to The Spring Street Brief for daily affordable housing news covering PABs, 4% LIHTC, bond financing, and state HFA implementation.]]>

    ]]>     The reduced private activity bond financing threshold—from 50% to 25% of aggregate basis—took effect January 1, 2026, unlocking significant additional 4% LIHTC production capacity.

    What Changed:

    • Previous threshold: 50% of aggregate basis in bond financing required
    • New threshold: Only 25% bond financing needed for 4% LIHTC eligibility
    • Result: Less bond volume cap consumed per project
    • Impact: States can finance more deals with same allocation

    State Implementation Approaches:

    • California: Encouraging return of unused 2025 PAB allocations for redeployment
    • Colorado: Phasing in threshold, starting at 45% upper limit for 2026 rounds
    • Other states: Updating QAPs and application materials

    Developer Implications:

    • Acquisition-rehab deals can proceed with smaller bond issuances
    • Improved project economics through reduced debt service
    • New opportunities in bond-constrained states
    • Work closely with bond counsel on state-specific requirements

    Subscribe to The Spring Street Brief for daily affordable housing news covering PABs, 4% LIHTC, bond financing, and state HFA implementation.]]>

    ]]>     Thu, 05 Feb 2026 06:00:00 -0800 Spring Street Management Group Spring Street Management Group 196 The 25% private activity bond threshold for 4% LIHTC took effect January 1, 2026. States implementing new rules—California, Colorado, and others adapting programs. The 25% private activity bond threshold for 4% LIHTC took effect January 1, 2026. States implementing new rules—California, Colorado, and others adapting programs. private activity bonds, PABs, 25% threshold, 4% LIHTC, bond financing, aggregate basis, tax-exempt bonds, California PAB, Colorado Division of Housing, acquisition-rehab, bond volume cap, OBBBA 2026 No     Episode 27: Connecticut HFA Announces Financing for Nine Housing Developments 27 27 Episode 27: Connecticut HFA Announces Financing for Nine Housing Developments full c17ccee8-41a5-4ea4-9e0b-f886c877be2a https://share.transistor.fm/s/a0ef517b Connecticut Housing Finance Authority announced state financing commitments for nine housing developments on January 28th, deploying LIHTC allocations, tax-exempt bonds, and state housing trust fund resources.

    Connecticut HFA 2026 Activity:

    • Nine developments financed across multiple communities
    • Combination of LIHTC, tax-exempt bonds, and state trust funds
    • 2026 9% LIHTC application deadline: March 4th
    • Webinars scheduled on QAP changes and application requirements

    Nationwide State HFA Activity:

    • Ohio Housing: Accepting pre-applications for 2026 4% LIHTC credits
    • Vermont HFA: Published 2026 application schedule for federal and state credits
    • New Hampshire Housing: Processing nine applications for $6.99M in 9% credits

    Key Takeaway: State HFAs are aggressively deploying expanded resources under OBBBA. Early engagement with your state HFA is essential as competition remains intense.

    Subscribe to The Spring Street Brief for daily affordable housing news covering state HFA activity, LIHTC allocations, QAP updates, and housing finance.]]>

    ]]>     Connecticut Housing Finance Authority announced state financing commitments for nine housing developments on January 28th, deploying LIHTC allocations, tax-exempt bonds, and state housing trust fund resources.

    Connecticut HFA 2026 Activity:

    • Nine developments financed across multiple communities
    • Combination of LIHTC, tax-exempt bonds, and state trust funds
    • 2026 9% LIHTC application deadline: March 4th
    • Webinars scheduled on QAP changes and application requirements

    Nationwide State HFA Activity:

    • Ohio Housing: Accepting pre-applications for 2026 4% LIHTC credits
    • Vermont HFA: Published 2026 application schedule for federal and state credits
    • New Hampshire Housing: Processing nine applications for $6.99M in 9% credits

    Key Takeaway: State HFAs are aggressively deploying expanded resources under OBBBA. Early engagement with your state HFA is essential as competition remains intense.

    Subscribe to The Spring Street Brief for daily affordable housing news covering state HFA activity, LIHTC allocations, QAP updates, and housing finance.]]>

    ]]>     Wed, 04 Feb 2026 06:00:00 -0800 Spring Street Management Group Spring Street Management Group 176 Connecticut HFA commits financing for nine affordable housing developments. Plus: Ohio, Vermont, and New Hampshire HFA activity as states deploy expanded LIHTC resources. Connecticut HFA commits financing for nine affordable housing developments. Plus: Ohio, Vermont, and New Hampshire HFA activity as states deploy expanded LIHTC resources. Connecticut HFA, CHFA, state housing finance agency, LIHTC allocations, 9% LIHTC, tax-exempt bonds, QAP, Ohio Housing, Vermont HFA, New Hampshire Housing, affordable housing development 2026 No     Episode 26: HUD Proposes Eliminating Disparate Impact Rule 26 26 Episode 26: HUD Proposes Eliminating Disparate Impact Rule full 1d437ea4-e5d4-4ec4-894e-2cf2f1bc7e69 https://share.transistor.fm/s/da1009fe What Is Disparate Impact?

    • Allows fair housing claims based on discriminatory effects without proving intent
    • Challenges policies like tenant screening criteria and occupancy standards
    • Protects against facially neutral policies that harm protected classes

    Implications of Elimination:

    • Plaintiffs would need to prove intentional discrimination—a higher legal bar
    • Current compliance programs built around disparate impact could become less critical
    • State and local fair housing laws may still enforce disparate impact standards
    • Creates potential patchwork of requirements across jurisdictions

    Action Items:

    • Review the proposed rule before the February comment deadline
    • Consider submitting comments to shape housing policy
    • Assess current compliance programs and potential changes

    Subscribe to The Spring Street Brief for daily affordable housing news covering fair housing, HUD policy, LIHTC, and compliance updates.

    ]]>]]>     What Is Disparate Impact?

    • Allows fair housing claims based on discriminatory effects without proving intent
    • Challenges policies like tenant screening criteria and occupancy standards
    • Protects against facially neutral policies that harm protected classes

    Implications of Elimination:

    • Plaintiffs would need to prove intentional discrimination—a higher legal bar
    • Current compliance programs built around disparate impact could become less critical
    • State and local fair housing laws may still enforce disparate impact standards
    • Creates potential patchwork of requirements across jurisdictions

    Action Items:

    • Review the proposed rule before the February comment deadline
    • Consider submitting comments to shape housing policy
    • Assess current compliance programs and potential changes

    Subscribe to The Spring Street Brief for daily affordable housing news covering fair housing, HUD policy, LIHTC, and compliance updates.

    ]]>]]>     Tue, 03 Feb 2026 14:00:00 -0800 Spring Street Management Group Spring Street Management Group 139 HUD proposes eliminating 2013 Fair Housing Act disparate impact regulations. Comments due February. Major shift in fair housing enforcement policy. HUD proposes eliminating 2013 Fair Housing Act disparate impact regulations. Comments due February. Major shift in fair housing enforcement policy. disparate impact, Fair Housing Act, HUD rulemaking, fair housing enforcement, tenant screening, occupancy standards, housing discrimination, civil rights, fair housing compliance, 2013 disparate impact rule, housing policy 2026 No     Episode 25: American Affordability Act Introduced to Strengthen LIHTC 25 25 Episode 25: American Affordability Act Introduced to Strengthen LIHTC full 610cc891-6076-4c1b-be93-d2069829d2a4 https://share.transistor.fm/s/d4a46c03 Key Provisions of the American Affordability Act:

    • Additional LIHTC enhancements beyond the 12% increase in OBBBA
    • New tax credits for first-time homebuyers facing affordability challenges
    • Tax credits for renters struggling with housing costs
    • Incentives to convert vacant office buildings to residential housing
    • Targets households at 80-120% of area median income

    Why This Matters:

    • Office vacancy rates at historic highs create adaptive reuse opportunities
    • Commercial conversions can be faster and cheaper than ground-up construction
    • Bipartisan interest signals continued support for affordable housing expansion

    For LIHTC developers, this bill could open new deal structures and acquisition opportunities in the commercial conversion space.

    Subscribe to The Spring Street Brief for daily affordable housing news covering LIHTC, tax credit legislation, HUD policy, and housing finance.

    ]]>]]>     Key Provisions of the American Affordability Act:

    • Additional LIHTC enhancements beyond the 12% increase in OBBBA
    • New tax credits for first-time homebuyers facing affordability challenges
    • Tax credits for renters struggling with housing costs
    • Incentives to convert vacant office buildings to residential housing
    • Targets households at 80-120% of area median income

    Why This Matters:

    • Office vacancy rates at historic highs create adaptive reuse opportunities
    • Commercial conversions can be faster and cheaper than ground-up construction
    • Bipartisan interest signals continued support for affordable housing expansion

    For LIHTC developers, this bill could open new deal structures and acquisition opportunities in the commercial conversion space.

    Subscribe to The Spring Street Brief for daily affordable housing news covering LIHTC, tax credit legislation, HUD policy, and housing finance.

    ]]>]]>     Mon, 02 Feb 2026 14:00:00 -0800 Spring Street Management Group Spring Street Management Group 164 Rep. Mike Thompson introduces American Affordability Act to expand LIHTC, create renter/homebuyer tax credits, and incentivize commercial-to-residential conversions. Rep. Mike Thompson introduces American Affordability Act to expand LIHTC, create renter/homebuyer tax credits, and incentivize commercial-to-residential conversions. American Affordability Act, LIHTC expansion, tax credit legislation, affordable housing bill, commercial conversion, office-to-residential, Mike Thompson, first-time homebuyer tax credit, renter tax credit, housing policy 2026, workforce housing No     Episode 24: HUD Delays HOTMA Compliance to January 2027 24 24 Episode 24: HUD Delays HOTMA Compliance to January 2027 full 8aaea420-693a-4df3-96bb-7ff03f497f80 https://share.transistor.fm/s/992bef52 HOTMA Compliance Extension:

    • New deadline: January 1, 2027 (extended from January 2026)
    • Affects income and asset calculation rules for HUD-assisted households
    • Impacts asset limits, income exclusions, hardship exemptions
    • Multifamily owners have 12 months to update systems and train staff

    Other HUD Updates for 2026:

    • 2026 Annual Inflationary Adjustments and Passbook Rate published (effective January 1, 2026)
    • FY2026 Annual Adjustment Factors (AAFs) released for Section 8 PBRA contract rents
    • Updated Qualified Census Tract (QCT) and Difficult Development Area (DDA) designations for LIHTC
    • $129.9 million in Family Self-Sufficiency (FSS) grants awarded to 713 PHAs and owners

    Property managers should use this extension to refine HOTMA implementation and ensure staff are fully trained before the new deadline.

    Subscribe to The Spring Street Brief for daily affordable housing news covering HUD policy, HOTMA, Section 8, LIHTC, and multifamily compliance.

    ]]>]]>     HOTMA Compliance Extension:

    • New deadline: January 1, 2027 (extended from January 2026)
    • Affects income and asset calculation rules for HUD-assisted households
    • Impacts asset limits, income exclusions, hardship exemptions
    • Multifamily owners have 12 months to update systems and train staff

    Other HUD Updates for 2026:

    • 2026 Annual Inflationary Adjustments and Passbook Rate published (effective January 1, 2026)
    • FY2026 Annual Adjustment Factors (AAFs) released for Section 8 PBRA contract rents
    • Updated Qualified Census Tract (QCT) and Difficult Development Area (DDA) designations for LIHTC
    • $129.9 million in Family Self-Sufficiency (FSS) grants awarded to 713 PHAs and owners

    Property managers should use this extension to refine HOTMA implementation and ensure staff are fully trained before the new deadline.

    Subscribe to The Spring Street Brief for daily affordable housing news covering HUD policy, HOTMA, Section 8, LIHTC, and multifamily compliance.

    ]]>]]>     Fri, 30 Jan 2026 06:00:00 -0800 Spring Street Management Group Spring Street Management Group 186 HUD delays HOTMA compliance to January 2027 for multifamily owners. Plus: 2026 QCT/DDA designations, Annual Adjustment Factors, and $130M in FSS grants. HUD delays HOTMA compliance to January 2027 for multifamily owners. Plus: 2026 QCT/DDA designations, Annual Adjustment Factors, and $130M in FSS grants. HOTMA, HUD, multifamily compliance, Section 8, PBRA, Qualified Census Tract, QCT, DDA, Difficult Development Area, Annual Adjustment Factors, FSS grants, affordable housing compliance 2026 No     Episode 23: Affordable HOMES Act Passes House with Bipartisan Support 23 23 Episode 23: Affordable HOMES Act Passes House with Bipartisan Support full 8bf03be3-e9a5-4759-b0ca-9154136258b8 https://share.transistor.fm/s/d68aeac9 Affordable HOMES Act Key Provisions:

    • Passed House 263-147 with 57 Democrats joining Republicans
    • Restores HUD authority over manufactured housing energy standards
    • Repeals pending DOE energy efficiency rule for manufactured homes
    • Estimated $10,000 cost reduction per manufactured housing unit
    • Bill now heads to Senate where bipartisan support expected

    Related Legislation - Housing in the 21st Century Act:

    • Modernizes building codes nationwide
    • Increases allowable height for single-stairway buildings from 5 to 6 stories
    • Enables more density in mid-rise urban infill projects

    For affordable housing developers, manufactured housing components become more viable in LIHTC and subsidized developments, particularly for rural and workforce housing projects.

    Subscribe to The Spring Street Brief for daily affordable housing news covering housing legislation, manufactured housing, LIHTC, and HUD policy.

    ]]>]]>     Affordable HOMES Act Key Provisions:

    • Passed House 263-147 with 57 Democrats joining Republicans
    • Restores HUD authority over manufactured housing energy standards
    • Repeals pending DOE energy efficiency rule for manufactured homes
    • Estimated $10,000 cost reduction per manufactured housing unit
    • Bill now heads to Senate where bipartisan support expected

    Related Legislation - Housing in the 21st Century Act:

    • Modernizes building codes nationwide
    • Increases allowable height for single-stairway buildings from 5 to 6 stories
    • Enables more density in mid-rise urban infill projects

    For affordable housing developers, manufactured housing components become more viable in LIHTC and subsidized developments, particularly for rural and workforce housing projects.

    Subscribe to The Spring Street Brief for daily affordable housing news covering housing legislation, manufactured housing, LIHTC, and HUD policy.

    ]]>]]>     Thu, 29 Jan 2026 06:00:00 -0800 Spring Street Management Group Spring Street Management Group 177 Affordable HOMES Act (H.R. 5184) passes House 263-147 with bipartisan support. Bill restores HUD authority over manufactured housing energy standards, could cut unit costs by $10,000. Affordable HOMES Act (H.R. 5184) passes House 263-147 with bipartisan support. Bill restores HUD authority over manufactured housing energy standards, could cut unit costs by $10,000. Affordable HOMES Act, H.R. 5184, manufactured housing, HUD, DOE, housing legislation, affordable housing policy, building codes, workforce housing, modular housing, housing supply 2026 No     Episode 22: Fannie Mae Doubles LIHTC Investment Cap to $2 Billion 22 22 Episode 22: Fannie Mae Doubles LIHTC Investment Cap to $2 Billion full 2ea1e503-7f0e-4774-addf-0dde4b67a4a4 https://share.transistor.fm/s/a1bda3ff GSE LIHTC Investment Expansion:

    • Fannie Mae: Cap increased from $1 billion to $2 billion annually
    • Freddie Mac: Cap increased from $1 billion to $2 billion annually
    • Total GSE LIHTC investment capacity: $4 billion per year

    Targeting Underserved Markets:

    • 50% of allocations dedicated to underserved markets
    • 20% of underserved allocation (10% of total) targeted to rural communities
    • Addresses persistent equity gap in secondary and tertiary markets

    For rural developers and sponsors working outside major metros, this represents a game-changing capital source. The expanded GSE presence should also help stabilize LIHTC pricing and improve terms for developers across all markets.

    Subscribe to The Spring Street Brief for daily affordable housing news covering LIHTC, GSE programs, Fannie Mae, Freddie Mac, and tax credit equity markets.

    ]]>]]>     GSE LIHTC Investment Expansion:

    • Fannie Mae: Cap increased from $1 billion to $2 billion annually
    • Freddie Mac: Cap increased from $1 billion to $2 billion annually
    • Total GSE LIHTC investment capacity: $4 billion per year

    Targeting Underserved Markets:

    • 50% of allocations dedicated to underserved markets
    • 20% of underserved allocation (10% of total) targeted to rural communities
    • Addresses persistent equity gap in secondary and tertiary markets

    For rural developers and sponsors working outside major metros, this represents a game-changing capital source. The expanded GSE presence should also help stabilize LIHTC pricing and improve terms for developers across all markets.

    Subscribe to The Spring Street Brief for daily affordable housing news covering LIHTC, GSE programs, Fannie Mae, Freddie Mac, and tax credit equity markets.

    ]]>]]>     Wed, 28 Jan 2026 06:00:00 -0800 Spring Street Management Group Spring Street Management Group 148 Fannie Mae and Freddie Mac double LIHTC investment caps to $2 billion each—$4 billion total annually. Half targeted to underserved and rural markets. Fannie Mae and Freddie Mac double LIHTC investment caps to $2 billion each—$4 billion total annually. Half targeted to underserved and rural markets. Fannie Mae, Freddie Mac, FHFA, LIHTC investment, GSE, tax credit equity, rural housing, affordable housing finance, LIHTC syndication, underserved markets, multifamily investment 2026 No     Episode 21: Section 8 Housing Choice Voucher Program Faces FY2026 Uncertainty 21 21 Episode 21: Section 8 Housing Choice Voucher Program Faces FY2026 Uncertainty full ddecb2b4-02ed-426b-8fe6-800bc24330a2 https://share.transistor.fm/s/2451d030 FY2026 Section 8 Funding Proposals:

    • House bill: Cuts assistance to 181,900 households
    • Senate bill: Cuts assistance to 107,800 households
    • Current program serves 2.4 million households—only 1 in 4 who qualify
    • Continuing resolution funds program only through January 30, 2026

    Proposed Policy Changes:

    • Two-year time limits on rental assistance for able-bodied adults
    • Stricter income verification requirements
    • Potential restrictions for families with undocumented members
    • Possible shift to state-managed block grants
    • Elderly and disabled exempted from time limits

    Property owners with significant voucher exposure and housing authorities should plan for potential volatility in the Section 8 program.

    Subscribe to The Spring Street Brief for daily affordable housing news covering Section 8, HUD policy, LIHTC, and rental assistance programs.

    ]]>]]>     FY2026 Section 8 Funding Proposals:

    • House bill: Cuts assistance to 181,900 households
    • Senate bill: Cuts assistance to 107,800 households
    • Current program serves 2.4 million households—only 1 in 4 who qualify
    • Continuing resolution funds program only through January 30, 2026

    Proposed Policy Changes:

    • Two-year time limits on rental assistance for able-bodied adults
    • Stricter income verification requirements
    • Potential restrictions for families with undocumented members
    • Possible shift to state-managed block grants
    • Elderly and disabled exempted from time limits

    Property owners with significant voucher exposure and housing authorities should plan for potential volatility in the Section 8 program.

    Subscribe to The Spring Street Brief for daily affordable housing news covering Section 8, HUD policy, LIHTC, and rental assistance programs.

    ]]>]]>     Tue, 27 Jan 2026 06:00:00 -0800 Spring Street Management Group Spring Street Management Group 151 Section 8 Housing Choice Voucher program faces FY2026 budget cuts: House proposes cutting 181,900 households, Senate 107,800. Time limits and block grants under consideration. Section 8 Housing Choice Voucher program faces FY2026 budget cuts: House proposes cutting 181,900 households, Senate 107,800. Time limits and block grants under consideration. Section 8, Housing Choice Voucher, HCV, HUD, rental assistance, affordable housing, FY2026 budget, housing vouchers, block grants, public housing, housing policy 2026 No     Episode 20: LIHTC Expansion Under the One Big Beautiful Bill Act 20 20 Episode 20: LIHTC Expansion Under the One Big Beautiful Bill Act full 647ee90f-ab15-4734-a207-338b14746cfb https://share.transistor.fm/s/90546a51 Key LIHTC Changes in the OBBBA:

    • Permanent 12% increase in 9% LIHTC allocations beginning 2026
    • Bond financing threshold lowered from 50% to 25% for 4% LIHTC rehabilitation projects
    • Estimated 80,000 additional affordable units from 9% credit expansion through 2035
    • Over 1 million additional affordable rental homes projected from bond threshold change

    State-by-State Impact:

    • California: 200,000 new units projected through 2035
    • Georgia: 98,000 new units
    • Texas: 97,000 new units

    For LIHTC developers, syndicators, and tax credit investors, the math on 4% acquisition-rehab deals just got significantly better. Properties placed in service after December 31, 2025 qualify under the new rules.

    Subscribe to The Spring Street Brief for daily affordable housing news covering LIHTC, Section 8, HUD policy, private activity bonds, and state HFA updates.

    ]]>]]>     Key LIHTC Changes in the OBBBA:

    • Permanent 12% increase in 9% LIHTC allocations beginning 2026
    • Bond financing threshold lowered from 50% to 25% for 4% LIHTC rehabilitation projects
    • Estimated 80,000 additional affordable units from 9% credit expansion through 2035
    • Over 1 million additional affordable rental homes projected from bond threshold change

    State-by-State Impact:

    • California: 200,000 new units projected through 2035
    • Georgia: 98,000 new units
    • Texas: 97,000 new units

    For LIHTC developers, syndicators, and tax credit investors, the math on 4% acquisition-rehab deals just got significantly better. Properties placed in service after December 31, 2025 qualify under the new rules.

    Subscribe to The Spring Street Brief for daily affordable housing news covering LIHTC, Section 8, HUD policy, private activity bonds, and state HFA updates.

    ]]>]]>     Mon, 26 Jan 2026 06:00:00 -0800 Spring Street Management Group Spring Street Management Group 161 LIHTC expansion 2026: One Big Beautiful Bill Act permanently increases 9% credits by 12% and lowers 4% bond threshold from 50% to 25% for rehab projects. LIHTC expansion 2026: One Big Beautiful Bill Act permanently increases 9% credits by 12% and lowers 4% bond threshold from 50% to 25% for rehab projects. LIHTC, Low-Income Housing Tax Credit, OBBBA, One Big Beautiful Bill Act, 4% LIHTC, 9% LIHTC, affordable housing tax credits, private activity bonds, PABs, tax credit investing, affordable housing development, multifamily development 2026 No     January 13, 2026: Week Two Market Recap, 2026 Production Forecast 19 19 January 13, 2026: Week Two Market Recap, 2026 Production Forecast full 98f5a3eb-f3dc-4417-877a-4f65c403f511 https://share.transistor.fm/s/eb0d14f8 Fri, 16 Jan 2026 08:00:00 -0800 Spring Street Management Group Spring Street Management Group 99 Your daily briefing on affordable housing. Today: Week two under new LIHTC framework, construction cost monitoring, record production forecast for 2026, and compliance infrastructure scaling. Your daily briefing on affordable housing. Today: Week two under new LIHTC framework, construction cost monitoring, record production forecast for 2026, and compliance infrastructure scaling. affordable housing, LIHTC, low-income housing tax credit, Section 8, housing choice voucher, HUD, housing finance, multifamily, tax credit investing, private activity bonds, housing policy, housing development, real estate investing, affordable housing news, housing authority, 4% LIHTC, 9% LIHTC, HOTMA, housing tax credits, workforce housing No January 12, 2026: State HFA Innovation, Community Land Trust Growth 18 18 January 12, 2026: State HFA Innovation, Community Land Trust Growth full 8696e947-3de7-4295-804f-893bb9de271e https://share.transistor.fm/s/2fc486e6 Thu, 15 Jan 2026 08:00:00 -0800 Spring Street Management Group Spring Street Management Group 119 Your daily briefing on affordable housing. Today: Greenwich UK affordability model lessons, state HFA innovative programs, community land trusts gain interest, and mixed-income development trends. Your daily briefing on affordable housing. Today: Greenwich UK affordability model lessons, state HFA innovative programs, community land trusts gain interest, and mixed-income development trends. affordable housing, LIHTC, low-income housing tax credit, Section 8, housing choice voucher, HUD, housing finance, multifamily, tax credit investing, private activity bonds, housing policy, housing development, real estate investing, affordable housing news, housing authority, 4% LIHTC, 9% LIHTC, HOTMA, housing tax credits, workforce housing No January 11, 2026: Manufactured Housing Expansion, FHA Loan Modernization 17 17 January 11, 2026: Manufactured Housing Expansion, FHA Loan Modernization full 1603baa6-d32d-4242-af2c-f67c93fc8c98 https://share.transistor.fm/s/0024a507 Wed, 14 Jan 2026 08:00:00 -0800 Spring Street Management Group Spring Street Management Group 118 Your daily briefing on affordable housing. Today: Manufactured housing provisions take effect, FHA loan limits modernized, federal permitting streamlined, and interest rate outlook. Your daily briefing on affordable housing. Today: Manufactured housing provisions take effect, FHA loan limits modernized, federal permitting streamlined, and interest rate outlook. affordable housing, LIHTC, low-income housing tax credit, Section 8, housing choice voucher, HUD, housing finance, multifamily, tax credit investing, private activity bonds, housing policy, housing development, real estate investing, affordable housing news, housing authority, 4% LIHTC, 9% LIHTC, HOTMA, housing tax credits, workforce housing No January 10, 2026: LIHTC Pricing Trends, 4% Credit Demand Surge 16 16 January 10, 2026: LIHTC Pricing Trends, 4% Credit Demand Surge full fdd99c63-d4ae-4c72-b0a2-d8ab94b47c22 https://share.transistor.fm/s/a8f1d239 Tue, 13 Jan 2026 08:00:00 -0800 Spring Street Management Group Spring Street Management Group 140 Your daily briefing on affordable housing. Today: LIHTC pricing stabilizes, 4% credit demand surges under new PAB threshold, syndicator pipelines grow, and investor appetite remains strong. Your daily briefing on affordable housing. Today: LIHTC pricing stabilizes, 4% credit demand surges under new PAB threshold, syndicator pipelines grow, and investor appetite remains strong. affordable housing, LIHTC, low-income housing tax credit, Section 8, housing choice voucher, HUD, housing finance, multifamily, tax credit investing, private activity bonds, housing policy, housing development, real estate investing, affordable housing news, housing authority, 4% LIHTC, 9% LIHTC, HOTMA, housing tax credits, workforce housing No January 9, 2026: Housing First Model Under Review, CoC Funding Update 15 15 January 9, 2026: Housing First Model Under Review, CoC Funding Update full a26967ce-bfe2-409d-83ec-9a93e7d12b49 https://share.transistor.fm/s/404ad077 Mon, 12 Jan 2026 08:00:00 -0800 Spring Street Management Group Spring Street Management Group 95 Your daily briefing on affordable housing. Today: Housing First approach reconsidered, Continuum of Care funding legal challenge, Native American housing programs, and permanent supportive housing pipeline. Your daily briefing on affordable housing. Today: Housing First approach reconsidered, Continuum of Care funding legal challenge, Native American housing programs, and permanent supportive housing pipeline. affordable housing, LIHTC, low-income housing tax credit, Section 8, housing choice voucher, HUD, housing finance, multifamily, tax credit investing, private activity bonds, housing policy, housing development, real estate investing, affordable housing news, housing authority, 4% LIHTC, 9% LIHTC, HOTMA, housing tax credits, workforce housing No January 8, 2026: New Jersey AHTF Awards, Chicago Development Advances 14 14 January 8, 2026: New Jersey AHTF Awards, Chicago Development Advances full 84562253-3053-4555-a7fb-ae6bc343a986 https://share.transistor.fm/s/62094c16 Fri, 09 Jan 2026 08:00:00 -0800 Spring Street Management Group Spring Street Management Group 116 Your daily briefing on affordable housing. Today: NJ awards $35M in AHTF funding, Chicago 1,700-unit development progresses, Greenfield MA expansion, and Milan Olympic Village conversion model. Your daily briefing on affordable housing. Today: NJ awards $35M in AHTF funding, Chicago 1,700-unit development progresses, Greenfield MA expansion, and Milan Olympic Village conversion model. affordable housing, LIHTC, low-income housing tax credit, Section 8, housing choice voucher, HUD, housing finance, multifamily, tax credit investing, private activity bonds, housing policy, housing development, real estate investing, affordable housing news, housing authority, 4% LIHTC, 9% LIHTC, HOTMA, housing tax credits, workforce housing No January 7, 2026: Section 8 Work Requirements Debate, PHA Conservation Measures 13 13 January 7, 2026: Section 8 Work Requirements Debate, PHA Conservation Measures full 01e0a6d5-71ff-4411-b86c-5f29c60813ed https://share.transistor.fm/s/b1f627d2 Thu, 08 Jan 2026 08:00:00 -0800 Spring Street Management Group Spring Street Management Group 115 Your daily briefing on affordable housing. Today: Work requirements debate for HCV recipients, PHAs take funding conservation steps, waitlist impacts, and mixed-status household concerns. Your daily briefing on affordable housing. Today: Work requirements debate for HCV recipients, PHAs take funding conservation steps, waitlist impacts, and mixed-status household concerns. affordable housing, LIHTC, low-income housing tax credit, Section 8, housing choice voucher, HUD, housing finance, multifamily, tax credit investing, private activity bonds, housing policy, housing development, real estate investing, affordable housing news, housing authority, 4% LIHTC, 9% LIHTC, HOTMA, housing tax credits, workforce housing No January 6, 2026: HOTMA Deadline Extended, Housing Reform Plan Expected 12 12 January 6, 2026: HOTMA Deadline Extended, Housing Reform Plan Expected full 69bea18f-2503-4d54-a7cd-7813eb796a92 https://share.transistor.fm/s/2ebd9acd Wed, 07 Jan 2026 08:00:00 -0800 Spring Street Management Group Spring Street Management Group 122 Your daily briefing on affordable housing. Today: HOTMA compliance extended to 2027, income verification flexibility, Trump housing reform plan expected, and AFFH rule changes. Your daily briefing on affordable housing. Today: HOTMA compliance extended to 2027, income verification flexibility, Trump housing reform plan expected, and AFFH rule changes. affordable housing, LIHTC, low-income housing tax credit, Section 8, housing choice voucher, HUD, housing finance, multifamily, tax credit investing, private activity bonds, housing policy, housing development, real estate investing, affordable housing news, housing authority, 4% LIHTC, 9% LIHTC, HOTMA, housing tax credits, workforce housing No January 5, 2026: FY26 HUD Budget Battle, State Block Grant Proposal 11 11 January 5, 2026: FY26 HUD Budget Battle, State Block Grant Proposal full f833a299-f834-4ead-bd41-ef9922d07cea https://share.transistor.fm/s/57a99430 Tue, 06 Jan 2026 08:00:00 -0800 Spring Street Management Group Spring Street Management Group 112 Your daily briefing on affordable housing. Today: HUD appropriations face proposed 43% cuts, Section 8 block grant proposal gains traction, Emergency Housing Vouchers at risk, and RAD program permanence. Your daily briefing on affordable housing. Today: HUD appropriations face proposed 43% cuts, Section 8 block grant proposal gains traction, Emergency Housing Vouchers at risk, and RAD program permanence. affordable housing, LIHTC, low-income housing tax credit, Section 8, housing choice voucher, HUD, housing finance, multifamily, tax credit investing, private activity bonds, housing policy, housing development, real estate investing, affordable housing news, housing authority, 4% LIHTC, 9% LIHTC, HOTMA, housing tax credits, workforce housing No January 4, 2026: First Week Under New LIHTC Rules, GSE Equity Deployment 10 10 January 4, 2026: First Week Under New LIHTC Rules, GSE Equity Deployment full 09f7afeb-4447-401f-b2ff-59bb55866865 https://share.transistor.fm/s/21c22227 Mon, 05 Jan 2026 08:00:00 -0800 Spring Street Management Group Spring Street Management Group 121 Your daily briefing on affordable housing. Today: Developers capitalize on new 25% PAB threshold, Fannie and Freddie deploy LIHTC equity, Avalon Housing Michigan pipeline, and QAP application windows opening. Your daily briefing on affordable housing. Today: Developers capitalize on new 25% PAB threshold, Fannie and Freddie deploy LIHTC equity, Avalon Housing Michigan pipeline, and QAP application windows opening. affordable housing, LIHTC, low-income housing tax credit, Section 8, housing choice voucher, HUD, housing finance, multifamily, tax credit investing, private activity bonds, housing policy, housing development, real estate investing, affordable housing news, housing authority, 4% LIHTC, 9% LIHTC, HOTMA, housing tax credits, workforce housing No January 3, 2026: GSE LIHTC Equity Ramps Up, AHCIA Update, Compliance Reminder 9 9 January 3, 2026: GSE LIHTC Equity Ramps Up, AHCIA Update, Compliance Reminder full d12fe7c5-8e56-4bc9-a5f3-f5314c606a0d https://share.transistor.fm/s/b26c1d4d Sat, 03 Jan 2026 08:00:00 -0800 Spring Street Management Group Spring Street Management Group 119 Your daily briefing on affordable housing. Today: Fannie and Freddie deploy LIHTC equity, AHCIA provisions advance, Bellingham workforce housing, and 30-year compliance reminder. Your daily briefing on affordable housing. Today: Fannie and Freddie deploy LIHTC equity, AHCIA provisions advance, Bellingham workforce housing, and 30-year compliance reminder. affordable housing, LIHTC, low-income housing tax credit, Section 8, housing choice voucher, HUD, housing finance, multifamily, tax credit investing, private activity bonds, housing policy, housing development, real estate investing, affordable housing news, housing authority, 4% LIHTC, 9% LIHTC, HOTMA, housing tax credits, workforce housing No January 2, 2026: Refuge Markets, FY26 HUD Appropriations, PWI Cap Update 8 8 January 2, 2026: Refuge Markets, FY26 HUD Appropriations, PWI Cap Update full f2383cda-f5f1-4886-80f3-9396b35c0d3b https://share.transistor.fm/s/9a776159 Fri, 02 Jan 2026 08:00:00 -0800 Spring Street Management Group Spring Street Management Group 98 Your daily briefing on affordable housing. Today: Investors target refuge markets, FY26 HUD spending outlook, PWI cap increase advances, and rental market strength continues. Your daily briefing on affordable housing. Today: Investors target refuge markets, FY26 HUD spending outlook, PWI cap increase advances, and rental market strength continues. affordable housing, LIHTC, low-income housing tax credit, Section 8, housing choice voucher, HUD, housing finance, multifamily, tax credit investing, private activity bonds, housing policy, housing development, real estate investing, affordable housing news, housing authority, 4% LIHTC, 9% LIHTC, HOTMA, housing tax credits, workforce housing No January 1, 2026: New Era Begins - 25% PAB Threshold & 12% LIHTC Increase Now Active 7 7 January 1, 2026: New Era Begins - 25% PAB Threshold & 12% LIHTC Increase Now Active full e0fc10e6-bfd1-4d89-bd60-18fd34ffa82e https://share.transistor.fm/s/4d484932 Thu, 01 Jan 2026 08:00:00 -0800 Spring Street Management Group Spring Street Management Group 119 Your daily briefing on affordable housing. Today: The 25% PAB threshold and 12% LIHTC allocation increase are now in effect. What developers need to know for 2026. Your daily briefing on affordable housing. Today: The 25% PAB threshold and 12% LIHTC allocation increase are now in effect. What developers need to know for 2026. affordable housing, LIHTC, low-income housing tax credit, Section 8, housing choice voucher, HUD, housing finance, multifamily, tax credit investing, private activity bonds, housing policy, housing development, real estate investing, affordable housing news, housing authority, 4% LIHTC, 9% LIHTC, HOTMA, housing tax credits, workforce housing No December 31, 2025: Year in Review - Legislative Wins, Market Challenges, Looking Ahead 6 6 December 31, 2025: Year in Review - Legislative Wins, Market Challenges, Looking Ahead full ec27fb39-da75-42bf-8292-4ada140167f9 https://share.transistor.fm/s/c8a8a988 Wed, 31 Dec 2025 08:00:00 -0800 Spring Street Management Group Spring Street Management Group 114 Your daily briefing on affordable housing. Today: 2025 year in review - OBBA victories, market headwinds, deal activity milestones, and what to expect in 2026. Your daily briefing on affordable housing. Today: 2025 year in review - OBBA victories, market headwinds, deal activity milestones, and what to expect in 2026. affordable housing, LIHTC, low-income housing tax credit, Section 8, housing choice voucher, HUD, housing finance, multifamily, tax credit investing, private activity bonds, housing policy, housing development, real estate investing, affordable housing news, housing authority, 4% LIHTC, 9% LIHTC, HOTMA, housing tax credits, workforce housing No December 30, 2025: Detroit Housing Surge, Denver Adaptive Reuse, California Projects Advance 5 5 December 30, 2025: Detroit Housing Surge, Denver Adaptive Reuse, California Projects Advance full 11e0e8fd-cff3-430b-ba96-2ff60eb9a09e https://share.transistor.fm/s/2d8be25a Tue, 30 Dec 2025 08:00:00 -0800 Spring Street Management Group Spring Street Management Group 111 Your daily briefing on affordable housing. Today: Detroit's 200-unit pipeline, Denver Dry Goods adaptive reuse, California Prop 1 projects, and New York's Hudson Mosaic development. Your daily briefing on affordable housing. Today: Detroit's 200-unit pipeline, Denver Dry Goods adaptive reuse, California Prop 1 projects, and New York's Hudson Mosaic development. affordable housing, LIHTC, low-income housing tax credit, Section 8, housing choice voucher, HUD, housing finance, multifamily, tax credit investing, private activity bonds, housing policy, housing development, real estate investing, affordable housing news, housing authority, 4% LIHTC, 9% LIHTC, HOTMA, housing tax credits, workforce housing No December 29, 2025: Section 8 Changes Coming, Enhanced HUD Oversight, HOTMA Updates 4 4 December 29, 2025: Section 8 Changes Coming, Enhanced HUD Oversight, HOTMA Updates full 32e05e7d-4ce3-479b-918f-1c1ac9f098e0 https://share.transistor.fm/s/ba96b11e Mon, 29 Dec 2025 08:00:00 -0800 Spring Street Management Group Spring Street Management Group 119 Your daily briefing on affordable housing. Today: Section 8 program changes for 2026, enhanced HUD oversight measures, Tucson closes waitlists, and HOTMA implementation continues. Your daily briefing on affordable housing. Today: Section 8 program changes for 2026, enhanced HUD oversight measures, Tucson closes waitlists, and HOTMA implementation continues. affordable housing, LIHTC, low-income housing tax credit, Section 8, housing choice voucher, HUD, housing finance, multifamily, tax credit investing, private activity bonds, housing policy, housing development, real estate investing, affordable housing news, housing authority, 4% LIHTC, 9% LIHTC, HOTMA, housing tax credits, workforce housing No December 28, 2025: One Big Beautiful Bill Six Months In, 2026 LIHTC Preview 3 3 December 28, 2025: One Big Beautiful Bill Six Months In, 2026 LIHTC Preview full 0e03a840-3c18-477a-addb-ad1e33e02e1e https://share.transistor.fm/s/268899bb Sun, 28 Dec 2025 08:00:00 -0800 Spring Street Management Group Spring Street Management Group 130 Your daily briefing on affordable housing. Today: OBBA six-month mark, 25% PAB threshold goes live January 1st, 2026 LIHTC allocation increases, and Gainesville senior housing expansion. Your daily briefing on affordable housing. Today: OBBA six-month mark, 25% PAB threshold goes live January 1st, 2026 LIHTC allocation increases, and Gainesville senior housing expansion. affordable housing, LIHTC, low-income housing tax credit, Section 8, housing choice voucher, HUD, housing finance, multifamily, tax credit investing, private activity bonds, housing policy, housing development, real estate investing, affordable housing news, housing authority, 4% LIHTC, 9% LIHTC, HOTMA, housing tax credits, workforce housing No December 22, 2025: Section 8 Funding Crisis, Housing Act Passes, HUD Injunction 2 2 December 22, 2025: Section 8 Funding Crisis, Housing Act Passes, HUD Injunction full 70526ba2-efd0-4f35-b93a-415d35d93469 https://share.transistor.fm/s/fb3e2a92
  • Section 8 Funding Crisis: Over 500 PHAs facing shortfall, $700-800M in delayed payments, HUD advises using reserves
  • Housing for the 21st Century Act: House passes major legislation with HOME program updates and streamlined NEPA reviews
  • HUD Injunction: Federal judge blocks Continuum of Care funding overhaul, citing potential "chaos"
  • MidPen Housing: Secures $132.8M for three California affordable housing developments
  • FHLBank New York: Commits $150M for affordable housing and community development
  • PWI Cap Increase: Legislation advancing to raise public welfare investment cap from 15% to 20%

    • Produced by Spring Street Management Group.

    ]]>]]>
  • Section 8 Funding Crisis: Over 500 PHAs facing shortfall, $700-800M in delayed payments, HUD advises using reserves
  • Housing for the 21st Century Act: House passes major legislation with HOME program updates and streamlined NEPA reviews
  • HUD Injunction: Federal judge blocks Continuum of Care funding overhaul, citing potential "chaos"
  • MidPen Housing: Secures $132.8M for three California affordable housing developments
  • FHLBank New York: Commits $150M for affordable housing and community development
  • PWI Cap Increase: Legislation advancing to raise public welfare investment cap from 15% to 20%

    • Produced by Spring Street Management Group.

    ]]>]]>     Sat, 27 Dec 2025 22:23:29 -0800 Spring Street Management Group Spring Street Management Group 141 Your daily briefing on affordable housing. Today: Section 8 shortfall affecting 500+ PHAs, House passes Housing for the 21st Century Act, federal judge blocks HUD homeless funding changes, and major grants for California projects. Your daily briefing on affordable housing. Today: Section 8 shortfall affecting 500+ PHAs, House passes Housing for the 21st Century Act, federal judge blocks HUD homeless funding changes, and major grants for California projects. affordable housing, LIHTC, low-income housing tax credit, Section 8, housing choice voucher, HUD, housing finance, multifamily, tax credit investing, private activity bonds, housing policy, housing development, real estate investing, affordable housing news, housing authority, 4% LIHTC, 9% LIHTC, HOTMA, housing tax credits, workforce housing No