The Spring Street Brief

From Spring Street Management Group, this is The Spring Street Brief — your daily briefing on affordable housing in America. Today we discuss Minnesota Housing Finance Agency's analysis of the One Big Beautiful Bill Act's implementation. Minnesota Housing submits detailed correspondence to state legislators on OBBBA impact 12% per capita increase translates to approximately $8 million additional a...

From Spring Street Management Group, this is The Spring Street Brief — your daily briefing on affordable housing in America. Today we discuss CREA's record-breaking LIHTC fund closing. CREA closes largest-ever LIHTC fund at $403 million for affordable housing developments nationwide Fund reflects expanded pipeline from 12% OBBBA allocation increase and 25% bond threshold Investor base includes reg...

From Spring Street Management Group, this is The Spring Street Brief — your daily briefing on affordable housing in America. Today we discuss the Treasury Department's correction to 2026 LIHTC state allocation ceilings. Treasury corrects 2026 state ceiling calculations for 9% low-income housing tax credits Revised figures reflect permanent 12% allocation increase under One Big Beautiful Bill Act 2...

From Spring Street Management Group, this is The Spring Street Brief — your daily briefing on affordable housing in America. Today we discuss HUD's delay of fiscal year 2026 income limits. HUD announces FY 2026 income limits release delayed to May 1, 2026 Delay stems from Census Bureau's late release of 2024 American Community Survey data Income limits determine tenant eligibility at 30%, 50%, 60%...

From Spring Street Management Group, this is The Spring Street Brief — your daily briefing on affordable housing in America. Today we discuss Enterprise Community Partners' economic impact analysis of the Affordable Housing Credit Improvement Act. Full AHCIA implementation would support 2 million additional affordable homes over ten years 50% increase in 9% credit allocations accounts for largest...

From Spring Street Management Group, this is The Spring Street Brief — your daily briefing on affordable housing in America. Today we discuss Colorado CHFA's updates to its 4% LIHTC bond process. 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 a...

From Spring Street Management Group, this is The Spring Street Brief — your daily briefing on affordable housing in America. Today we discuss the Terner Center's report on state affordable housing program administration. Terner Center analyzes QAP processes, application requirements, and timelines across states Processing times vary significantly—some states 4 months, others over a year Best pract...

From Spring Street Management Group, this is The Spring Street Brief — your daily briefing on affordable housing in America. Today we discuss the Housing for the 21st Century Act's advancement to the Senate. 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 environme...

From Spring Street Management Group, this is The Spring Street Brief — your daily briefing on affordable housing in America. Today we discuss Michigan's push for a state affordable housing tax credit. 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 sta...

From Spring Street Management Group, this is The Spring Street Brief — your daily briefing on affordable housing in America. Today we discuss the Illinois Housing Development Authority's Next Generation R3 initiative. 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 desig...

From Spring Street Management Group, this is The Spring Street Brief — your daily briefing on affordable housing in America. Today we discuss Governor Healey's $140 million affordable housing announcement. $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, famili...

From Spring Street Management Group, this is The Spring Street Brief — your daily briefing on affordable housing in America. Today we discuss HUD's decision to extend the HOTMA implementation deadline for multifamily housing. HUD extends HOTMA multifamily deadline to January 1, 2027 Extension provides time for software updates, staff training, and policy revisions LIHTC adopted HOTMA income provis...

From Spring Street Management Group, this is The Spring Street Brief — your daily briefing on affordable housing in America. Today we discuss TD Bank's 2026 Affordable Housing Survey and market sentiment. Nearly 70% of developers expect to increase affordable housing production in 2026 85% report material and labor costs exceeding projections from 18 months ago Insurance costs emerging as new pain...

From Spring Street Management Group, this is The Spring Street Brief — your daily briefing on affordable housing in America. Today we discuss the Federal Housing Finance Agency's 2026 multifamily loan purchase caps for Fannie Mae and Freddie Mac. Combined $176 billion cap for 2026, up from $140 billion in 2025 Each GSE receives $88 billion allocation reflecting market growth At least 50% must be m...

Nevada Senator Jacky Rosen has announced support for bipartisan affordable housing legislation, emphasizing the critical need for housing supply expansion in one of the nation's most cost-burdened states. Supports Housing for the 21st Century Act and ROAD to Housing Act Nevada ranks among highest rent burden states nationally Manufactured housing provisions particularly relevant for Nevada market...

Industry syndicators report cautious optimism for the 2026 LIHTC equity market, with pricing stabilizing after volatility in late 2025. Investor demand remains strong as expanded credit allocations increase deal flow. 12.5% permanent increase in 9% credits expanding supply nationwide 25% bond threshold unlocking additional 4% LIHTC deals Corporate tax reform discussions have not reduced LIHTC valu...

The Center for Law and Social Policy (CLASP) has released a new report warning that proposed work requirements and time limits in rental assistance programs would significantly worsen housing instability for vulnerable households. Administrative burdens drive caseload reductions, not employment gains Many losing benefits already work or face employment barriers Housing Choice Voucher holders alrea...

The Kansas Housing Resources Corporation has released updated developer resources for the 2026 LIHTC program cycle, incorporating changes from the One Big Beautiful Bill Act and lessons learned from the 2025 funding round. Revised application materials and technical guidance documents Enhanced scoring for rural housing development across Kansas Priorities for veterans, seniors, and persons with di...

A major Oakland affordable housing development closed financing with approximately $50 million in LIHTC equity — one of the largest single-project investments in the Bay Area this year. The project will create over 200 affordable units serving households from extremely low to moderate income levels. One of the largest LIHTC transactions in the Bay Area in recent years Serves households from extrem...

The Indiana Housing and Community Development Authority has opened its 2026 Rental Housing Tax Credit application cycle, combining federal LIHTC with state Development Fund awards for enhanced project feasibility. First-round deadline approaching late March 2026 Emphasis on workforce housing targeting 60-80% AMI households Scoring preferences for Qualified Census Tracts and high-opportunity areas...

Rose Community Capital has launched a new pre-development loan program specifically designed for affordable housing developers pursuing LIHTC projects. The program addresses a critical financing gap between site acquisition and construction closing. Addresses critical gap between site acquisition and construction closing Pre-development costs can exceed $500,000 for competitive 9% deals Covers arc...

The North Carolina Housing Finance Agency announced one of the largest affordable housing investment rounds in state history, with LIHTC awards leveraging over $1.47 billion in total development. This reflects expanded 9% allocations under the One Big Beautiful Bill Act. Thousands of new affordable rental units across North Carolina Reflects expanded 9% allocation under One Big Beautiful Bill Act...

The Affordable Housing Credit Improvement Act (AHCIA) continues gaining bipartisan support in the Senate, representing the most comprehensive proposed expansion of the Low-Income Housing Tax Credit program since its creation in 1986. This legislation could reshape affordable housing development economics nationwide. 50% increase in annual 9% LIHTC allocation ceiling Minimum 4% credit rate floor to...

HUD has published a proposed rule that would eliminate the "mixed-status" family provision in place since 1996, requiring all household members to have eligible immigration status to receive federal housing assistance. This policy shift could affect an estimated 25,000 households nationwide. Proposed rule published February 19, 2026 Could affect approximately 100,000 individuals, many U.S. citizen...

The Texas Department of Housing and Community Affairs 9% LIHTC application deadline is February 27, 2026 — less than two weeks away. Texas Market Overview: One of largest LIHTC allocations in the nation 2026 QAP reflects 12% permanent credit increase under OBBBA Remains one of most competitive LIHTC markets Application Requirements: Specific scoring criteria for location, tenant populations, exper...