• 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.

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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

• 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.

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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

• 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.

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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

• 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.

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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

• 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.

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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

• 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.

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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

• $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.

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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

• 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.

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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