On April 8, 2025, the federal Affordable Housing Credit Improvement Act (“AHCIA”) was reintroduced in the House with 117 bipartisan co-sponsors from over 30 different states. The bill would expand the Low-Income Housing Tax...more
4/11/2025
/ Affordable Housing ,
Federal Funding ,
Housing Developers ,
Incentives ,
Legislative Agendas ,
New Legislation ,
Popular ,
Proposed Legislation ,
Real Estate Development ,
State and Local Government ,
Tax Credits ,
U.S. Treasury
The U.S. Congress is currently considering the “Accelerated Supply of Affordable Production [ASAP] Housing Act” (the “Act”), legislation to address the nationwide affordable housing shortage and surrounding real estate...more
10/30/2024
/ Affordable Housing ,
Bonds ,
Community Development ,
Housing Developers ,
Housing Market ,
Investors ,
Real Estate Development ,
Real Estate Market ,
Rental Property ,
Tax Credits ,
Urban Planning & Development
Governor Kathy Hochul recently signed Executive Order No. 30, entitled “Directing State Agencies, Authorities, and Entities to Prioritize the Allocation of Certain Discretionary Funds to those Localities that Promote the...more
On Tuesday January 10, 2023, New York Governor Kathy Hochul announced an ambitious, strategic plan to address New York’s statewide housing shortage. The proposal, called the New York Housing Compact (“Housing Compact”),...more
The 421-a tax exemption and rent stabilization program, also known as the affordable housing tax break, which affords real estate developers a tax break in developing affordable housing in New York City, has expired as of...more