News & Analysis as of

Low-Income Issues

Orrick, Herrington & Sutcliffe LLP

OCC releases CRA evaluations for February 2026

On March 2, the OCC released its CRA performance evaluations for 24 national banks and federal savings associations, assessing how well these institutions met the credit needs of their communities, including low- and...more

Carlton Fields

Florida House Bill 1389 — New Live Local Affordable Housing Amendments

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Florida House Bill 1389 furthers the Florida Legislature's focus on affordable housing by continuing to amend Live Local, the statewide statutory framework that preempts certain local land use approvals and implements related...more

Ballard Spahr LLP

HUD Proposes Ending Prorated Housing Assistance for Mixed Immigration Status Families

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The U.S. Department of Housing and Urban Development (HUD) proposes to change application and prorated assistance rules for housing assistance programs to require all members of the assisted household to be U.S. citizens or...more

Nelson Mullins Riley & Scarborough LLP

Affordable Housing Reform in Congress: An Update on ROAD and 21st Century Bills

Last year, the Senate Banking Committee passed the Road to Housing Act 24-0 and tried to attach it to the must-pass National Defense Authorization Act. The ROAD amendment did not survive the House–Senate NDAA negotiations,...more

Orrick, Herrington & Sutcliffe LLP

OCC releases CRA evaluations for January 2026

On February 2, the OCC released its CRA performance evaluations for 29 national banks and federal savings associations, assessing how well these institutions met the credit needs of their communities, including low- and...more

Orrick, Herrington & Sutcliffe LLP

OCC releases CRA evaluations for December 2025

Recently, the OCC released its CRA performance evaluations for 33 national banks and federal savings associations, assessing how well these institutions meet the credit needs of their communities, including low- and...more

Orrick, Herrington & Sutcliffe LLP

NYDFS finalizes regulation expanding state CRA to nonbank mortgage lenders

On January 8, the NYDFS announced it finalized a new regulation expanding New York’s Community Reinvestment Act (CRA) to cover nonbank mortgage lenders operating in the state. The rule requires these lenders to meet the...more

Loeb & Loeb LLP

2025 California Housing Legislative Update (Updated Jan. 8, 2026)

Loeb & Loeb LLP on

According to the nonpartisan California Legislative Analyst’s Office (LAO), homes in California are about twice as expensive as the typical U.S. home. The LAO found that “[p]ayments for a mid-tier home were over $5,500 a...more

Alston & Bird

Expansion of New York’s Community Reinvestment Act Via New Regulation

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Last week, the New York State Department of Financial Services (DFS) announced a new regulation designed to ensure that licensed nonbank mortgage bankers in New York (“mortgage lenders”) meet the needs of the communities they...more

Orrick, Herrington & Sutcliffe LLP

OCC releases CRA evaluations for November 2025

On December 1, the OCC released its CRA performance evaluations for 32 national banks and federal savings associations on how well they meet the credit needs in their communities, including low- and moderate-income...more

DLA Piper

Government shutdown wrap-up and looking ahead: Top points

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The United States government has officially reopened through a new continuing resolution (CR) and funding package, approved by the House and Senate and signed by President Donald Trump. This CR funds the government until...more

Williams Mullen

No More Freefalls: Treasury Department & IRS Address the “Cliff Effect” of the LIHTC Average Income Test

Williams Mullen on

On Tuesday, September 30, 2025, the Treasury Department, in connection with the Internal Revenue Service (the “IRS”), published and made effective Treasury Decision 10036 (T.D. 10036), which addresses certain pitfalls in the...more

McDermott+

McDermott+ Check-Up: November 14, 2025

McDermott+ on

Government shutdown ends. President Trump signed the bill to reopen the government and reinstate expired health extenders on November 12, 2025....more

McDermott+

Healthcare Preview for the Week of: November 10, 2025

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On November 9, 2025, the Senate voted to proceed to consideration of a continuing resolution (CR) through January 30, 2026, that includes three full-year appropriations bills for fiscal year (FY) 2026 and additional...more

McDermott+

McDermott+ Check-Up: November 7, 2025

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Government shutdown breaks record. As the shutdown passed the 35-day record, negotiations to reopen the government continued....more

Holland & Knight LLP

Eyes on Washington: Shutdown Briefing – Day 37

Holland & Knight LLP on

Welcome to the Eyes on Washington: Shutdown Briefing. During the federal government shutdown, we will be sharing concise, client-focused updates to help you stay informed on key developments, legislative dynamics and...more

Maynard Nexsen

Examining Low Income Housing Property Tax Exemptions in the Carolinas

Maynard Nexsen on

Across the country, states and local governments are struggling to increase the availability of low to moderate income housing in their communities. Encouraging the development of such housing is a complex, multifaceted...more

Orrick, Herrington & Sutcliffe LLP

FHFA proposes housing goals for Fannie and Freddie for 2026–2028

On October 2, the FHFA released a notice of proposed rulemaking (NPRM) setting new single-family and multifamily housing goals for Fannie Mae and Freddie Mac (the GSEs) for 2026 through 2028. The proposed rule would introduce...more

Davis Wright Tremaine LLP

Washington Growth Board Sets Statewide Precedent on GMA Affordable Housing Compliance

In a decision issued on August 1, 2025, for Futurewise v. Mercer Island, the Growth Management Hearings Board held that Mercer Island's comprehensive plan update failed to comply with key affordable housing provisions of...more

Orrick, Herrington & Sutcliffe LLP

Congressional groups pen letter to House leaders on fair housing funding

Recently, leaders from the U.S. House received a letter which had been announced by chairs of four congressional groups (the New Democrat Coalition Housing Task Force, the Congressional Asian Pacific American Caucus, the...more

Orrick, Herrington & Sutcliffe LLP

Democratic senators urge FHFA’s Pulte to refocus on housing affordability

On August 29, three Democratic senators submitted a letter to FHFA Director Bill Pulte to urge him to prioritize lowering housing costs and expanding access to affordable homeownership. The letter — signed by Sens. Elizabeth...more

ArentFox Schiff

The District’s FY 2026 Budget Continues the Vital Work of the Access to Justice Program

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The District of Columbia’s Access to Justice (ATJ) Initiative is the primary local mechanism for public funding of civil legal services to low- and moderate-income DC residents....more

Ballard Spahr LLP

Solving For The Middle-income Housing Gap

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Workforce housing (also referred to as middle-income or essential housing) is becoming a central focus for communities across the country. Whether you’re a city, town, village, housing authority, developer, or part of the...more

Oberheiden P.C.

5 Key Considerations for Defending Against Low Income Housing Tax Credit (LIHTC) Fraud Allegations

Oberheiden P.C. on

Over its nearly 40-year history, the federal low income housing tax credit (LIHTC) program has been both a success story and a target for various forms of fraud. The LIHTC program has been credited with facilitating the...more

Miller Canfield

OBBB Enhances Opportunity Zones, Qualified Small Business Stock and Other Business Perks

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The OBBB made several modifications to the Opportunity Zone program. Established by the Tax Cuts and Jobs Act (the “TCJA”) in 2017, the Opportunity Zone program was intended to encourage investment in businesses located in...more

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