Episode 79: HUD Announces $1.1 Billion Investment in Tribal Housing HUD announces over $1.1 billion in affordable housing investment for Tribal communities. Learn how this major federal commitment addresses housing disparities in Indian Country and creates opportunities for tribal housing authorities. KEY TAKEAWAYS: • $1.1 billion investment includes grants for new construction, rehabilitation, and preservation of affordable housing on tribal lands • Funding distributed through multiple HUD programs, including Native American Housing Assistance and Self-Determination Act • Tribal communities face severe housing shortages, with homeownership rates significantly below national average • HUD providing technical assistance to tribal housing authorities to strengthen their ability to develop and manage affordable housing • Partnerships that respect tribal sovereignty and prioritize tribal employment and ownership are increasingly attractive to federal funders For tribal housing authorities and developers, this funding creates significant opportunity. Tribal communities can access grants for housing development without the competitive pressure of the broader LIHTC market. However, the application process is complex, and tribal housing authorities must navigate federal requirements and tribal governance structures. The $1.1 billion investment is part of broader federal efforts to address housing disparities. Combined with LIHTC and other programs, this funding demonstrates sustained federal commitment to expanding affordable housing supply across all communities. Subscribe to The Spring Street Brief for daily insights on LIHTC, Section 8, HUD policy, and affordable housing finance.

Episode 78: Novogradac Projects Record 2026 LIHTC and PAB Volume Novogradac projects 2026 as a record year for LIHTC and private activity bond volume, with equity commitments potentially exceeding $15 billion. Understand the market dynamics driving unprecedented deal flow and what it means for developers. KEY TAKEAWAYS: • IRS's 2026 per-capita LIHTC multiplier of $3.05 is the highest in program history • Combined with slight population growth, this translates to record total LIHTC allocations available nationwide • 25% bond threshold is driving volume by freeing up bond volume cap for additional projects • Syndicators report strong investor appetite for LIHTC equity • Banks are actively competing for LIHTC financing opportunities • Novogradac projects 2026 LIHTC volume could exceed $15 billion in equity commitments, the highest on record However, this volume comes with challenges. Construction costs remain elevated. Gap financing is increasingly constrained. Developers are competing intensely for limited resources. The expanded LIHTC allocation is enabling more deals, but the total capital available is still insufficient to address the nation's affordable housing shortage. For developers and investors, 2026 represents a critical window of opportunity. The expanded LIHTC resources and strong market conditions create favorable conditions for project development. Subscribe to The Spring Street Brief for daily insights on LIHTC, Section 8, HUD policy, and affordable housing finance.

Episode 77: Georgia SB 476 Caps State LIHTC at 50 Percent of Federal Amount Georgia Senate Bill 476 caps state LIHTC at 50% of federal amounts for 2027+ applications. Discover how this policy shift affects project feasibility and what developers need to know about the 2026 application window. KEY TAKEAWAYS: • Georgia's state LIHTC has been a critical resource for affordable housing developers • New cap limits state credits to maximum of 50% of federal, effectively reducing available capital for many projects • Policy rationale centers on state budget constraints and concerns about program cost • Cap applies to applications submitted in 2027 and beyond; 2026 applications are not affected • Sunset provision in 2031 creates uncertainty about long-term policy direction For Georgia developers, the implications are substantial. Projects that previously layered state and federal LIHTC will now have less total capital available. This could affect project feasibility, particularly for deals in secondary markets or with deeper income targeting. Developers with projects in the pipeline should prioritize 2026 applications to access the full state credit before the cap takes effect. Georgia's cap also signals broader state budget pressures. Other states may consider similar measures if state revenues decline or competing priorities emerge. Subscribe to The Spring Street Brief for daily insights on LIHTC, Section 8, HUD policy, and affordable housing finance.