Florida CARH News
Senators Tina Smith, Mike Rounds Reintroduce Bipartisan Rural Housing Legislation
On April 3, 2025, Senators Tina Smith (D-MN) and Mike Rounds (R-SD) issued a press release announcing that they reintroduced The Rural Housing Service Reform Act which would “improve federal rural housing programs, cut red tape, and strengthen the supply of affordable housing in small towns and rural communities.”
CARH Letter to USDA on Recommendations to Streamline RD Programs
HUD Releases Income Limits for Fiscal Year 2025
The U.S. Department of Housing and Urban Development (HUD) has announced the FY 2025 Income Limits for various HUD housing programs, which determine eligibility and maximum rents for households receiving rental assistance or living in properties financed by these programs. For FY 2025, income limits increased by a maximum of 9.2%, with a 4.6% average change for Very Low Income households. The new limits, effective immediately, also include updates to geographic area definitions and apply to properties funded by the Housing Credit and Multifamily Bond programs, as well as Multifamily Tax Subsidy Projects.
NLIHC Report: Nation Has Shortage of 7.1 Million Rental Homes Affordable, Available for ELI Renters
The United States has a shortage of 7.1 million rental homes that are affordable and available to extremely low-income (ELI) renters, according to The Gap: A Shortage of Affordable Homes, the annual report released March 13 by the National Low Income Housing Coalition (NLIHC)
Yardi Matrix Focuses on Upcoming LIHTC Affordability Restriction Loss
Making use of exclusive data from the Yardi® Matrix affordable housing database, the latest Yardi Matrix Research Bulletin on the affordable housing sector draws attention to the potential loss of Low Income Housing Tax Credit (LIHTC) affordability restrictions across the U.S.