News & Analysis as of

Affordable Housing Relief Measures

Eversheds Sutherland (US) LLP

Congress considers TCJA extenders and Taiwan tax relief

In mid-January, the House introduced the Tax Relief for American Families and Workers Act (Act). The Joint Committee of Taxation has released its explanation of the Act, and the House Ways and means Committee has released a...more

Cadwalader, Wickersham & Taft LLP

Biden-Harris Administration Issues White Paper Addressing Tenants’ Rights

On January 25, 2023, the White House Domestic Policy Council and National Economic Council published a Blueprint for a Renter Bill of Rights (the “Renter Bill of Rights”) on behalf of the Biden‑Harris Administration (the...more

Hudson Cook, LLP

CFPB Bites of the Month - 2022 Annual Review - Mortgage

Hudson Cook, LLP on

In this article, we share a timeline of our monthly "bites" for 2022 applicable to the Mortgage industry. So, what happened in 2022?...more

Ballard Spahr LLP

Further IRS Extensions and Waivers to Affordable Rental Housing Projects as COVID-19 Persists

Ballard Spahr LLP on

Summary - The IRS has extended certain deadlines relating to affordable housing projects with Low Income Housing Tax Credits (LIHTC) under Section 42 of the Internal Revenue Code of 1986, as amended (the Code) or financed...more

Cozen O'Connor

Broad Street Brief: Anti-Eviction Programs Extended as City Distributes Millions in Relief and Eyes Permanent Changes to Housing...

Cozen O'Connor on

Anti-Eviction Programs Extended as City Distributes Millions in Relief and Eyes Permanent Changes to Housing Policy - Philadelphia’s eviction diversion and rental assistance programs will stay in effect until at least...more

Bricker Graydon LLP

Other people's money: Certain use of federal stimulus cash by land banks “presumed” eligible

Bricker Graydon LLP on

During the past decade, county land banks ramped up operations across Ohio largely employing one-time cash. The Hardest Hit Fund (HHF), sourced from Ohio’s share of mortgage industry settlement payments related to the Great...more

Goodwin

CFPB Issues Report on Housing Insecurity and COVID-19

Goodwin on

On March 1, 2021, the Consumer Financial Protection Bureau (CFPB) issued a report titled “Housing Insecurity and the COVID-19 Pandemic” (the Report), which summarizes some of the relevant data and research on the impact of...more

Pillsbury Winthrop Shaw Pittman LLP

Congress Passes $1.9 Trillion COVID-19 Relief Package

President Biden signs relief bill into law and begins implementation. President Biden has now signed the American Rescue Plan Act, a $1.9 trillion investment and stimulus package designed to address the ongoing COVID-19...more

Stoel Rives LLP

Affordable Housing Law Alert: Revival of the Density Bonus Law – Affordable Housing to the Rescue?

Stoel Rives LLP on

Since the onset of COVID-19, the global landscape has been turned upside down, bringing to light various social issues that have long been plaguing various communities throughout the country. Social issues such as...more

Williams Mullen

IRS Issues Compliance Regulations for LIHTC Projects and COVID-19 Relief

Williams Mullen on

On July 1, 2020, the IRS issued proposed regulations (REG-123027-19; RIN 1545-BP59) (Regulations) governing compliance-monitoring for low-income housing tax credit (LIHTC) projects and issued Notice 2020-53 (Notice) in...more

Ballard Spahr LLP

CFPB, FHFA and HUD Announce COVID-19 Mortgage and Housing Assistance Website

Ballard Spahr LLP on

On May 12, 2020, the Consumer Financial Protection Bureau (CFPB), Federal Housing Finance Agency (FHFA) and U.S. Department of Housing and Urban Development (HUD) announced a joint COVID-19 mortgage and housing assistance...more

Ballard Spahr LLP

UPDATED: HUD Issues COVID-19 FAQs for Housing Authorities

Ballard Spahr LLP on

During this time of uncertainty, Public Housing Authorities (PHAs) are now operating under stressed conditions with limited resources. HUD posted a revised “COVID-19 FAQs for Public Housing Agencies” on April 22, 2020,...more

Spilman Thomas & Battle, PLLC

Watch List - Proposed Rent and Mortgage Cancellation Act of 2020 Suspends Payments During Pandemic but Requires Landlords and...

On April 17, a bill was introduced in the United States House of Representatives seeking to create the Rent and Mortgage Cancellation Act of 2020. The primary feature of the bill is it would suspend all rent and mortgage...more

Arnall Golden Gregory LLP

IRS Notice 2020-23 Provides Limited Relief for Affordable Housing Projects

The IRS recently released Notice 2020-23 which gives affordable housing partnerships (an “Affected Taxpayer”) the ability to postpone certain “time- sensitive acts” that are listed at Section 15 of Revenue Procedure 2018-58....more

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