The Spring Street Brief

Episode 59: Enterprise Community Partners Releases AHCIA Economic Impact Analysis

Spring Street Management Group — Fri, 20 Mar 2026 06:00:00 -0700

From Spring Street Management Group, this is The Spring Street Brief — your daily briefing on affordable housing in America. Today we discuss Enterprise Community Partners' economic impact analysis of the Affordable Housing Credit Improvement Act.

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

]]>

Episode 58: Colorado CHFA Updates 4% LIHTC Bond Pipeline Process

Spring Street Management Group — Thu, 19 Mar 2026 06:00:00 -0700

From Spring Street Management Group, this is The Spring Street Brief — your daily briefing on affordable housing in America. Today we discuss Colorado CHFA's updates to its 4% LIHTC bond process.

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

]]>

Episode 57: Terner Center Report Examines State Affordable Housing Administration

Spring Street Management Group — Wed, 18 Mar 2026 06:00:00 -0700

From Spring Street Management Group, this is The Spring Street Brief — your daily briefing on affordable housing in America. Today we discuss the Terner Center's report on state affordable housing program administration.

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

]]>

Episode 56: Housing for the 21st Century Act Advances to Senate

Spring Street Management Group — Tue, 17 Mar 2026 06:00:00 -0700

From Spring Street Management Group, this is The Spring Street Brief — your daily briefing on affordable housing in America. Today we discuss the Housing for the 21st Century Act's advancement to the Senate.

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

]]>

Episode 55: Michigan Advocates Push for State Affordable Housing Tax Credit

Spring Street Management Group — Mon, 16 Mar 2026 06:00:00 -0700

From Spring Street Management Group, this is The Spring Street Brief — your daily briefing on affordable housing in America. Today we discuss Michigan's push for a state affordable housing tax credit.

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

]]>

Episode 54: Illinois IHDA Announces Next Generation R3 Initiative Cohort

Spring Street Management Group — Fri, 13 Mar 2026 06:00:00 -0700

From Spring Street Management Group, this is The Spring Street Brief — your daily briefing on affordable housing in America. Today we discuss the Illinois Housing Development Authority's Next Generation R3 initiative.

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

]]>

Episode 53: Massachusetts Governor Healey Announces $140 Million for Affordable Housing

Spring Street Management Group — Thu, 12 Mar 2026 06:00:00 -0700

From Spring Street Management Group, this is The Spring Street Brief — your daily briefing on affordable housing in America. Today we discuss Governor Healey's $140 million affordable housing announcement.

$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

]]>

Episode 52: HUD Extends HOTMA Multifamily Implementation to January 2027

Spring Street Management Group — Wed, 11 Mar 2026 06:00:00 -0700

From Spring Street Management Group, this is The Spring Street Brief — your daily briefing on affordable housing in America. Today we discuss HUD's decision to extend the HOTMA implementation deadline for multifamily housing.

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

]]>

Episode 51: TD Bank Survey Shows Developer Optimism Despite Cost Challenges

Spring Street Management Group — Tue, 10 Mar 2026 06:00:00 -0700

From Spring Street Management Group, this is The Spring Street Brief — your daily briefing on affordable housing in America. Today we discuss TD Bank's 2026 Affordable Housing Survey and market sentiment.

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

]]>

Episode 50: FHFA Sets $176 Billion GSE Multifamily Loan Cap for 2026

Spring Street Management Group — Mon, 09 Mar 2026 06:00:00 -0700

From Spring Street Management Group, this is The Spring Street Brief — your daily briefing on affordable housing in America. Today we discuss the Federal Housing Finance Agency's 2026 multifamily loan purchase caps for Fannie Mae and Freddie Mac.

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

]]>

Episode 49: Nevada Senator Rosen Backs Bipartisan Affordable Housing Effort

Spring Street Management Group — Fri, 06 Mar 2026 06:00:00 -0800

Nevada Senator Jacky Rosen has announced support for bipartisan affordable housing legislation, emphasizing the critical need for housing supply expansion in one of the nation's most cost-burdened states.

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

]]>

Episode 48: Syndicators Report Cautious Optimism for 2026 LIHTC Market

Spring Street Management Group — Thu, 05 Mar 2026 06:00:00 -0800

Industry syndicators report cautious optimism for the 2026 LIHTC equity market, with pricing stabilizing after volatility in late 2025. Investor demand remains strong as expanded credit allocations increase 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

]]>

Episode 47: CLASP Report Warns Against Work Requirements in Housing Assistance

Spring Street Management Group — Wed, 04 Mar 2026 06:00:00 -0800

The Center for Law and Social Policy (CLASP) has released a new report warning that proposed work requirements and time limits in rental assistance programs would significantly worsen housing instability for vulnerable households.

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

]]>

Episode 46: Kansas Housing Resources Corporation Updates Developer Resources

Spring Street Management Group — Tue, 03 Mar 2026 06:00:00 -0800

The Kansas Housing Resources Corporation has released updated developer resources for the 2026 LIHTC program cycle, incorporating changes from the One Big Beautiful Bill Act and lessons learned from the 2025 funding round.

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

]]>

Episode 45: Oakland Affordable Housing Project Awarded $50 Million in LIHTC Equity

Spring Street Management Group — Mon, 02 Mar 2026 06:00:00 -0800

A major Oakland affordable housing development closed financing with approximately $50 million in LIHTC equity — one of the largest single-project investments in the Bay Area this year. The project will create over 200 affordable units serving households from extremely low to moderate income levels.

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

]]>

Episode 44: Indiana IHCDA Opens 2026 Rental Housing Tax Credit Application

Spring Street Management Group — Fri, 27 Feb 2026 06:00:00 -0800

The Indiana Housing and Community Development Authority has opened its 2026 Rental Housing Tax Credit application cycle, combining federal LIHTC with state Development Fund awards for enhanced project feasibility.

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

]]>

Episode 43: Rose Community Capital Launches LIHTC Pre-Development Loan Program

Spring Street Management Group — Thu, 26 Feb 2026 06:00:00 -0800

Rose Community Capital has launched a new pre-development loan program specifically designed for affordable housing developers pursuing LIHTC projects. The program addresses a critical financing gap between site acquisition and construction closing.

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

]]>

Episode 42: North Carolina Announces $1.47 Billion in Affordable Housing Development

Spring Street Management Group — Wed, 25 Feb 2026 06:00:00 -0800

The North Carolina Housing Finance Agency announced one of the largest affordable housing investment rounds in state history, with LIHTC awards leveraging over $1.47 billion in total development. This reflects expanded 9% allocations under the One Big Beautiful Bill Act.

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

]]>

Episode 41: Affordable Housing Credit Improvement Act Gains Senate Support

Spring Street Management Group — Tue, 24 Feb 2026 06:00:00 -0800

The Affordable Housing Credit Improvement Act (AHCIA) continues gaining bipartisan support in the Senate, representing the most comprehensive proposed expansion of the Low-Income Housing Tax Credit program since its creation in 1986. This legislation could reshape affordable housing development economics nationwide.

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

]]>

Episode 40: HUD Proposes Ending Assistance for Mixed-Status Families

Spring Street Management Group — Mon, 23 Feb 2026 06:00:00 -0800

HUD has published a proposed rule that would eliminate the "mixed-status" family provision in place since 1996, requiring all household members to have eligible immigration status to receive federal housing assistance. This policy shift could affect an estimated 25,000 households nationwide.

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

]]>

Episode 39: Texas LIHTC Application Deadline Approaches — February 27th

Spring Street Management Group — Fri, 20 Feb 2026 14:00:00 -0800

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.

Episode 38: Illinois Introduces Bill to Renew State Affordable Housing Tax Credit

Spring Street Management Group — Thu, 19 Feb 2026 14:00:00 -0800

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.

Episode 37: CHAPA Releases First Report on Housing Choice Voucher Utilization

Spring Street Management Group — Wed, 18 Feb 2026 14:00:00 -0800

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.

Episode 36: States Implement New 25% Bond Test for 4% LIHTC

Spring Street Management Group — Tue, 17 Feb 2026 14:00:00 -0800

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.

Episode 35: FY26 HUD Appropriations Bill Signed — $77.3 Billion for Housing

Spring Street Management Group — Mon, 16 Feb 2026 14:00:00 -0800

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.

Episode 34: ROAD to Housing Act Advances with Unanimous Committee Vote

Spring Street Management Group — Fri, 13 Feb 2026 14:00:00 -0800

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.

Episode 33: Multistate Coalition Opposes HUD Disparate Impact Rollback

Spring Street Management Group — Thu, 12 Feb 2026 14:00:00 -0800

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.

Episode 32: Colorado HFA Awards 840 Units in Latest LIHTC Round

Spring Street Management Group — Wed, 11 Feb 2026 14:00:00 -0800

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.

Episode 31: Emergency Housing Vouchers Program Ending Early

Spring Street Management Group — Tue, 10 Feb 2026 14:00:00 -0800

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.

Episode 30: Housing for the 21st Century Act Passes House 390-9

Spring Street Management Group — Mon, 09 Feb 2026 14:00:00 -0800

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.

Episode 29: HUD Rescinds 30-Day Eviction Notice Rule for Nonpayment

Spring Street Management Group — Fri, 06 Feb 2026 06:00:00 -0800

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.]]>

Episode 28: 25% PAB Threshold Takes Effect — States Implement New Rules

Spring Street Management Group — Thu, 05 Feb 2026 06:00:00 -0800

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.]]>

Episode 27: Connecticut HFA Announces Financing for Nine Housing Developments

Spring Street Management Group — Wed, 04 Feb 2026 06:00:00 -0800

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.]]>

Episode 26: HUD Proposes Eliminating Disparate Impact Rule

Spring Street Management Group — Tue, 03 Feb 2026 14:00:00 -0800

HUD has published a proposed rule to eliminate the 2013 Fair Housing Act disparate impact regulations, representing a significant shift in fair housing enforcement policy with comments due in February.

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.

]]>

Episode 25: American Affordability Act Introduced to Strengthen LIHTC

Spring Street Management Group — Mon, 02 Feb 2026 14:00:00 -0800

Representative Mike Thompson introduced the American Affordability Act on February 3rd, proposing comprehensive measures to strengthen affordable housing programs and expand the Low-Income Housing Tax Credit.

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.

]]>

Episode 24: HUD Delays HOTMA Compliance to January 2027

Spring Street Management Group — Fri, 30 Jan 2026 06:00:00 -0800

HUD has extended the compliance deadline for Sections 102 and 104 of the Housing Opportunity Through Modernization Act (HOTMA) to January 1, 2027, giving multifamily housing owners an additional year to implement the complex new requirements.

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.

]]>

Episode 23: Affordable HOMES Act Passes House with Bipartisan Support

Spring Street Management Group — Thu, 29 Jan 2026 06:00:00 -0800

The U.S. House of Representatives passed H.R. 5184, the Affordable HOMES Act, with bipartisan support on January 9, 2026, clearing the way for manufactured housing to play a larger role in addressing the national housing shortage.

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.

]]>

Episode 22: Fannie Mae Doubles LIHTC Investment Cap to $2 Billion

Spring Street Management Group — Wed, 28 Jan 2026 06:00:00 -0800

The Federal Housing Finance Agency (FHFA) has directed Fannie Mae and Freddie Mac to double their annual Low-Income Housing Tax Credit investment caps, creating a major new capital source for affordable housing developers.

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.

]]>

Episode 21: Section 8 Housing Choice Voucher Program Faces FY2026 Uncertainty

Spring Street Management Group — Tue, 27 Jan 2026 06:00:00 -0800

The Section 8 Housing Choice Voucher (HCV) program faces significant uncertainty as Congress finalizes FY2026 spending, with proposed cuts and policy changes that could reshape rental assistance in America.

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.

]]>

Episode 20: LIHTC Expansion Under the One Big Beautiful Bill Act

Spring Street Management Group — Mon, 26 Jan 2026 06:00:00 -0800

The One Big Beautiful Bill Act (OBBBA) delivers the most significant Low-Income Housing Tax Credit expansion in years, with major benefits for affordable housing developers and investors starting in 2026.

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.

]]>

January 13, 2026: Week Two Market Recap, 2026 Production Forecast

Spring Street Management Group — Fri, 16 Jan 2026 08:00:00 -0800

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.

January 12, 2026: State HFA Innovation, Community Land Trust Growth

Spring Street Management Group — Thu, 15 Jan 2026 08:00:00 -0800

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.

January 11, 2026: Manufactured Housing Expansion, FHA Loan Modernization

Spring Street Management Group — Wed, 14 Jan 2026 08:00:00 -0800

Your daily briefing on affordable housing. Today: Manufactured housing provisions take effect, FHA loan limits modernized, federal permitting streamlined, and interest rate outlook.

January 10, 2026: LIHTC Pricing Trends, 4% Credit Demand Surge

Spring Street Management Group — Tue, 13 Jan 2026 08:00:00 -0800

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.

January 9, 2026: Housing First Model Under Review, CoC Funding Update

Spring Street Management Group — Mon, 12 Jan 2026 08:00:00 -0800

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.

January 8, 2026: New Jersey AHTF Awards, Chicago Development Advances

Spring Street Management Group — Fri, 09 Jan 2026 08:00:00 -0800

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.

January 7, 2026: Section 8 Work Requirements Debate, PHA Conservation Measures

Spring Street Management Group — Thu, 08 Jan 2026 08:00:00 -0800

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.

January 6, 2026: HOTMA Deadline Extended, Housing Reform Plan Expected

Spring Street Management Group — Wed, 07 Jan 2026 08:00:00 -0800

Your daily briefing on affordable housing. Today: HOTMA compliance extended to 2027, income verification flexibility, Trump housing reform plan expected, and AFFH rule changes.

January 5, 2026: FY26 HUD Budget Battle, State Block Grant Proposal

Spring Street Management Group — Tue, 06 Jan 2026 08:00:00 -0800

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.

January 4, 2026: First Week Under New LIHTC Rules, GSE Equity Deployment

Spring Street Management Group — Mon, 05 Jan 2026 08:00:00 -0800

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.

January 3, 2026: GSE LIHTC Equity Ramps Up, AHCIA Update, Compliance Reminder

Spring Street Management Group — Sat, 03 Jan 2026 08:00:00 -0800

Your daily briefing on affordable housing. Today: Fannie and Freddie deploy LIHTC equity, AHCIA provisions advance, Bellingham workforce housing, and 30-year compliance reminder.

January 2, 2026: Refuge Markets, FY26 HUD Appropriations, PWI Cap Update

Spring Street Management Group — Fri, 02 Jan 2026 08:00:00 -0800

Your daily briefing on affordable housing. Today: Investors target refuge markets, FY26 HUD spending outlook, PWI cap increase advances, and rental market strength continues.

January 1, 2026: New Era Begins - 25% PAB Threshold & 12% LIHTC Increase Now Active

Spring Street Management Group — Thu, 01 Jan 2026 08:00:00 -0800

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.

December 31, 2025: Year in Review - Legislative Wins, Market Challenges, Looking Ahead

Spring Street Management Group — Wed, 31 Dec 2025 08:00:00 -0800

Your daily briefing on affordable housing. Today: 2025 year in review - OBBA victories, market headwinds, deal activity milestones, and what to expect in 2026.

December 30, 2025: Detroit Housing Surge, Denver Adaptive Reuse, California Projects Advance

Spring Street Management Group — Tue, 30 Dec 2025 08:00:00 -0800

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.

December 29, 2025: Section 8 Changes Coming, Enhanced HUD Oversight, HOTMA Updates

Spring Street Management Group — Mon, 29 Dec 2025 08:00:00 -0800

Your daily briefing on affordable housing. Today: Section 8 program changes for 2026, enhanced HUD oversight measures, Tucson closes waitlists, and HOTMA implementation continues.

December 28, 2025: One Big Beautiful Bill Six Months In, 2026 LIHTC Preview

Spring Street Management Group — Sun, 28 Dec 2025 08:00:00 -0800

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.

December 22, 2025: Section 8 Funding Crisis, Housing Act Passes, HUD Injunction

Spring Street Management Group — Sat, 27 Dec 2025 22:23:29 -0800

In this episode of The Spring Street Brief, we cover the critical developments in affordable housing:

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.

]]>