Anyone who has been following recent activities at TDHCA has likely noticed that the federal Housing Tax Credit Program is receiving a lot of attention these days. The Housing Tax Credit (“HTC”) Program is the state’s primary means of directing private capital toward the development or rehabilitation of affordable rental housing.

Agriculture Commissioner Sid Miller today announced the Texas Department of Agriculture (TDA) has awarded $348,365 to the city of Sealy for water, sewer, natural gas and sidewalk infrastructure improvements through the Texas Capital Fund (TCF).

The Housing Authority of the City of Austin (HACA) is pleased to announce the receipt of 10 awards from the Texas chapter of the National Association of Housing and Redevelopment Officials (TX NAHRO) for its initiatives, modernization efforts and publications.

Drawbridge Realty announced today the signing of a new seven-year lease with Younicos AG for approximately 32,500 square feet at 3100 Alvin Devane in Austin, Texas.

Congressman Marc Veasey, TX-33, released the following statement after voting against H.R. 2028, the Energy and Water Appropriations Act, 2016

The Company intends to finance the property with approximately $21.2 million of non-recourse mortgage debt. The purchase price represents a trailing 12-month cap rate of 8.8% on net operating income and a trailing 10.3x EBITDA multiple.

Two senior members of the House Ways & Means Committee are continuing their quest to remove a 1980’s era tax provision that discourages foreign investment in U.S. real estate.

The Housing Authority of the City of Austin (HACA) this week received 44 additional vouchers from the U.S. Department of Housing and Urban Development (HUD) totaling $291,572, bringing the agency’s total HUD-Veterans Affairs Supportive Housing (HUD-VASH) Program allocation to 449.

The Community Development Council will conduct a public hearing at its May 13 regular meeting to receive comment on the 2015-2016 Action Plan for the use of federal grant funds from the U.S. Department of Housing and Urban Development.

The Federal Home Loan Bank of Dallas (Bank) today reported net income of $23.1 million for the quarter ended March 31, 2015. In comparison, for the quarter ended December 31, 2014, the Bank reported net income of $10.8 million. The increase in net income from quarter to quarter was attributable primarily to a favorable change in the Bank's gains (losses) on derivatives and hedging activities ($7.1 million), gains associated with the sales of investment securities in the first quarter ($8.5 million) and a decline in operating expenses ($1.5 million), offset by a decline in net interest income ($3.4 million) and an increase in the Bank's Affordable Housing Program assessment ($1.4 million)

Construction risk expert Leigh Ann Henderson has joined Partner Engineering and Science Inc. (Partner), a national due diligence, design and construction risk management firm headquartered in Torrance, Calif., as a Principal and National Client Manager

Family Gateway is leading the Dallas community to end child homelessness. For the first time in 30 years, the primary facility, Annette G. Strauss Family Gateway Center (Center) dedicated to homeless children and families has received a significant renovation. In the last 3 years, the number of families served by Family Gateway grew 750%. Each night in Dallas, an estimated 5,000 children and their families will not have a safe place to sleep.

The Housing Tax Credit (“HTC”) Program helps finance the development of attractive, high quality affordable rental housing through partnerships with private developers.

Michael Chrobak has been appointed Executive Vice President of TexasOne, it was announced here today by Tracye McDaniel, President and CEO of the organization.

Mayor Ivy R. Taylor, Dick Evans of Frost and Graham Weston of Weston Urban announced today that the City, Weston Urban and Frost have negotiated a deal that will result in a consolidated office tower for City operations, facilitate the development of 265 new housing units in the Central Business District and forever alter San Antonio's skyline with the construction of the first new office tower downtown since 1989. The new tower will house the headquarters for Frost Bank.

Pete Neubig of Empire Industries Property Management in Houston, Texas, receives the Rocky Maxwell Award from the National Association of Residential Property Managers (NARPM).

Agriculture Commissioner Sid Miller today announced the Texas Department of Agriculture (TDA) has awarded $750,000 to the city of Schulenburg for infrastructure improvements through the Texas Capital Fund (TCF).

This week, Congressman Ted Poe (R-TX) introduced H.R. 1931 the American Land Act. This bill would require the Bureau of Land Management and the National Forest System to open up about 1/3 of its land over five years for sale to the American people. The federal government currently owns 27% of the total land in the United States.

Congressman Rubén Hinojosa announces the United States Department of Agriculture (USDA) awarded grants and loans to Duval County and to the City of Alton for water projects and improvements as part of their Earth Day 2015 Project Selection

On Thursday, April 16, the House voted 240-179 to repeal the federal death tax. In response to Congress, the President has threated to veto the repeal, leading most experts to predict a continuation of the long-standing tax. The death tax will likely stay in place despite its detrimental effect on family businesses and strong opposition from the American public, reports Tax Trends Weekly