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Housing Is Infrastructure: District Snapshots
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The Infrastructure Investment and Jobs Act (IIJA), the bipartisan bill advancing in Washington, includes two new uses for private activity bonds, which will compete with affordable housing under state volume cap. Since federal tax-exempt private activity bonds are one of the most important financing tools to build and preserve affordable housing, Congress will need to adopt additional legislative changes to offset potentially negative impacts on affordable housing. Read our brief on the proposed changes and […] Read More
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The New York Housing Conference wrote an op-ed and was quoted in several stories and programs over the past several weeks about the state’s eviction moratorium and emergency rental assistance as well as the need for safety and legalization of basement apartments in New York City. See the links below. NY1 – Millions of Americans […] Read More
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Last week, President Joe Biden announced that he is reviving the partnership between the Department of Treasury’s Federal Financing Bank (FFB) and the Department of Housing and Urban Development’s Risk Sharing Program. The program provides low-cost capital in cooperation with state housing finance agencies for affordable housing development. HUD estimates 20,000 affordable housing units can be created […] Read More