Housing Plus

Housing Plus

Guidance and legal insight for all aspects of housing and community development

By the Housing Group at Ballard Spahr

Category Archives: Budget

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Ballard Spahr and CSG Advisors Host Another Informative Western Housing Conference

Posted in Budget, FHA and GSE Financing, FHA-Insured Financing, Government-Assisted Housing, GSE Financing, Legislative Initiatives, Policy, Public Housing, RAD, Tax Credits
Last week, Ballard Spahr in conjunction with CSG Advisors hosted its 7th Annual Western Housing Conference in Phoenix, Arizona. The Conference brought together a wide range of public and private housing professionals facilitating a dynamic conversation on current developments in government-assisted housing. The Conference opened with a “Washington Update” – a discussion on housing policy… Continue Reading

Join us for our Eleventh Annual National Housing Conference in Washington, D.C.

Posted in Budget, Fair Housing, FHA and GSE Financing, Government-Assisted Housing, Housing Bonds, Legislative Initiatives, Policy, Public Housing, RAD, Section 8, Tax Credits
Ballard Spahr is committed to facilitating and leading the conversation within the affordable housing community, which makes us thrilled to announce our Eleventh Annual National Housing Conference in Washington, D.C., from November 3 to 4. This two-day, complimentary event features engaging discussions, panel presentations, special insights, and networking opportunities with the key influences and power… Continue Reading

The EB-5 Program gains short-term extension in Congress

Posted in Budget, Community Development, Government-Assisted Housing, Legislative Initiatives, Low Income Housing Tax Credits, Tax Credits
Congress recently passed a short-term extension to keep the EB-5 Regional Center Program (commonly known as the EB-5 Program or the Immigration Investor Program) from expiring. The EB-5 program adds versatility to the financing options available to affordable housing, and can be used with certain Low Income Housing Tax Credits. The extension of this program… Continue Reading

President Obama’s 2016 budget poised to address infrastructure needs

Posted in Budget, Housing Bonds, Tax Reform, Tax-Exempt Bonds
Released in February, the 2016 budget set forth by the Obama administration takes a focused stance towards the country’s growing infrastructure requirements. The 2016 budget features tax-exempt bond proposals seen in the administration’s 2014 and 2015 budgets, and introduces four new bond proposals: 1) A New Category of Qualified Private Activity Bonds for Infrastructure Projects… Continue Reading

HUD announces that temporary public housing and voucher regulatory relief will expire

Posted in Budget, Government-Assisted Housing, Policy, Public Housing, Section 8
HUD has announced that it will end the regulatory relief granted under Notice PIH 2013-03 as of the end of March 2015.  That relief, which HUD described in Notice PIH 2013-03 as “temporary,” allowed public housing agencies to: Use participants’ actual past income to verify incomes Allow households to self-certify as to having assets less… Continue Reading

Obama Administration’s FY 2016 budget would modify LIHTCs, permanently extend NMTC and energy tax credits

Posted in Budget, Energy Tax Incentives, Legislative Initiatives, Low Income Housing Tax Credits, New Markets Tax Credits, Policy, Tax Credits
As in prior years, the Obama administration’s FY 2016 budget includes a number of impactful, and generally positive, tax credit proposals. With respect to the Low-Income Housing Tax Credit (LIHTC), the budget retains many of last year’s proposed modifications, and adds a new proposal to remove the population cap for Qualified Census Tract designations. Specifically, the… Continue Reading

Please join us for the fifth annual Western Housing Conference

Posted in Budget, Community Development, Enforcement, Fair Housing, FHA and GSE Financing, FHA-Insured Financing, Government-Assisted Housing, GSE Financing, Housing Bonds, Legislative Initiatives, Multifamily, Policy, Public Housing, RAD, Section 8, Single-Family, Tax Credits, Tax Reform, Tax-Exempt Bonds
Several exciting developments have recently brought changes to the affordable housing industry and we are inviting you to explore them with us at our fifth annual Western Housing Conference. Ballard Spahr and CSG Advisors are pleased to announce this year’s Best of the West in Affordable Housing Development and Financing conference on March 13, in… Continue Reading

HUD provides supplemental guidance on RAD processing and the 2015 appropriations bill

Posted in Budget, Government-Assisted Housing, RAD
Yesterday afternoon, HUD distributed it’s latest with supplemental guidance related to the implementation of statutory changes to the Rental Assistance Demonstration (RAD) program and the processing of RAD applications in light of the increase of the unit cap for the first component from 60,000 units to 185,000 units.  Key elements in the supplemental guidance include:… Continue Reading

Ballard Spahr’s National Housing Symposium goes beyond the horizon

Posted in Budget, Community Development, Government-Assisted Housing, Legislative Initiatives, Low Income Housing Tax Credits, Policy, Public Housing, RAD, Senior Housing, Supportive Services, Tax Credits
Yesterday Ballard Spahr held its 9th annual National Housing Symposium in Washington, D.C..  The theme of the Symposium was “Beyond the Horizon:  Housing and Community Development Strategies for the Future”.   Government officials, investors, developers, lenders, and other housing professionals spent the day discussing affordable housing issues.  To give a flavor of what was discussed, below is a… Continue Reading

Amy McClain authors an essential RAD resource: The Beginner’s Guide to Public Housing Conversion under RAD

Posted in Budget, Community Development, FHA and GSE Financing, Government-Assisted Housing, Legislative Initiatives, Policy, Public Housing, RAD, Section 8
Housing Plus is thrilled to announce that our very own Amy M. McClain has authored The Beginner’s Guide to Public Housing Conversion under RAD, published by the American Bar Association. The book focuses on the Rental Assistance Demonstration program’s utility as a financing tool for stimulating revitalizations to public housing properties. As an informative guide,… Continue Reading

Pennsylvania Senate considers a bill to provide additional state funding for affordable housing

Posted in Budget, Government-Assisted Housing, Legislative Initiatives, Tax Credits
Recently, a bipartisan group of Pennsylvania State Senators sponsored a bill to expand the Pennsylvania Housing Affordability and Rehabilitation Enhancement Fund, commonly known as the State Housing Trust Fund. If passed, Senate Bill No. 1380 would make additional funds available for low-income housing throughout the State. In the past, the State Housing Trust Fund, which… Continue Reading

RAD expansion and “Pay-For-Success” Utility Demonstration among the innovations included in the Senate’s mark of the T-HUD Appropriations Bill

Posted in Budget, Government-Assisted Housing, Legislative Initiatives, Policy, RAD, Section 8, Senior Housing
The Senate Appropriations Committee has approved its draft Transportation, Housing and Urban Development, and Related Agencies Appropriations Bill for fiscal year 2015. While the bill generally falls short of the funding levels requested in President Obama’s budget proposal, it proposed some significant changes to the Rental Assistance Demonstration, and proposes a “pay-for-success” energy and water… Continue Reading

Senate Appropriations Subcommittee on Transportation Housing and Urban Development votes to increase Rental Assistance Demonstration cap from 60,000 units to 185,000 units

Posted in Budget, Government-Assisted Housing, Legislative Initiatives, Public Housing, RAD, Section 8
On June 3, 2014, the Senate Appropriations Subcommittee on Transportation Housing and Urban Development (T-HUD) unanimously approved its FY 2015 spending bill.  The bill includes an increase to the Rental Assistance Demonstration (RAD) cap from 60,000 units to 185,000 units. While the legislative text has not yet been released, the Appropriations Committee posted a summary… Continue Reading

THUD FY 2015 spending bill falls short of President’s proposal

Posted in Budget, Government-Assisted Housing, Legislative Initiatives, Public Housing, Section 8
The House Appropriations Transportation, Housing and Urban Development (THUD) Subcommittee has approved a budget for the coming fiscal year. In comparison to fiscal year 2014 funding levels, the THUD bill increases spending for many federal housing programs. However, it remains shy of the funding levels recommended in President Obama’s 2015 proposal. Some highlights from the… Continue Reading

Evolving trends in Maryland affordable housing

Posted in Budget, Fair Housing, FHA and GSE Financing, Government-Assisted Housing, Legislative Initiatives, Low Income Housing Tax Credits, Policy, Public Housing, RAD, Section 8, Senior Housing, Tax Reform
On April 30th Ballard Spahr was proud to host representatives from the Maryland Department of Housing and Community Development (DHCD), the Maryland Attorney General’s office, Pennrose Properties and AGM Financial to discuss evolving trends in affordable housing development in Maryland.  The briefing, held in Ballard Spahr’s Baltimore office, included: A discussion by Pat Sylvester, the… Continue Reading

What is in store for national housing initiatives?

Posted in Budget, GSE Financing, Legislative Initiatives, Low Income Housing Tax Credits
“Housing is experiencing a calm before the storm”, is how National Housing Conference CEO Chris Estes described how housing programs fared in the President’s Fiscal Year 2015 budget request during a presentation at the Ballard Spahr Best of the West Housing Conference this past Friday in San Francisco. While many of the rental assistance programs… Continue Reading

President releases FY 2015 budget

Posted in Budget
President Obama’s fiscal year 2015 budget for the U.S. Department of Housing and Urban Development (HUD), released on March 4, 2014, proposes increased funding for many programs compared to the fiscal year 2014 appropriation. The budget proposes language that would change some aspects of the public housing program, and provides a preview of HUD legislative… Continue Reading