In this latest edition of his annual public housing investments update, Rod Solomon explains the tax overhaul related to public housing with some clearly negative but not terminal results for such efforts, and some potentially important benefits. Congress enacted appropriations for public housing capital at a considerably higher level than they have been for many years, also dramatically increasing the number of public housing units that can be converted to long-term Section 8 contracts under HUD’s Rental Assistance Demonstration (RAD). Then, HUD liberalized rules under which public housing authorities (PHAs) can access Section 8 vouchers with higher subsidy levels than RAD, to be project-based at developments whose capital needs make RAD by itself financially infeasible.
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