The Spring Street Brief

By Spring Street Management Group

The Spring Street Brief is your daily intelligence briefing on affordable housing in America.

In under 3 minutes, get the news that matters: LIHTC allocations, Section 8 voucher updates, HUD policy c... more

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FAQs about The Spring Street Brief:

How many episodes does The Spring Street Brief have?

The podcast currently has 28 episodes available.

The Spring Street Brief episodes:

February 06, 2026Episode 29: HUD Rescinds 30-Day Eviction Notice Rule for Nonpayment
The Office of Information and Regulatory Affairs concluded review of HUD regulatory changes, including rescission of the 30-day notice requirement for nonpayment evictions in federally assisted housing.
30-Day Notice Rescission:
Current rule: 30 days' notice required before eviction for nonpayment
New rule: Owners follow state and local eviction timelines
Impact: Some states require as little as 3 days' notice
Affects: LIHTC, Project-Based Section 8, and public housing
Work Requirements Proposal:
Able-bodied adults without dependents must meet work/training requirements
Similar to SNAP and Medicaid work requirements
Elderly and disabled tenants exempted
Action Items for Property Owners:
Review lease enforcement policies and eviction procedures
Update lease language and tenant notices as needed
Train staff on new requirements
Coordinate with legal counsel on federal and state compliance
Subscribe to The Spring Street Brief for daily affordable housing news covering HUD policy, eviction rules, assisted housing compliance, and regulatory updates.]]>
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February 05, 2026Episode 28: 25% PAB Threshold Takes Effect — States Implement New Rules
The reduced private activity bond financing threshold—from 50% to 25% of aggregate basis—took effect January 1, 2026, unlocking significant additional 4% LIHTC production capacity.
What Changed:
Previous threshold: 50% of aggregate basis in bond financing required
New threshold: Only 25% bond financing needed for 4% LIHTC eligibility
Result: Less bond volume cap consumed per project
Impact: States can finance more deals with same allocation
State Implementation Approaches:
California: Encouraging return of unused 2025 PAB allocations for redeployment
Colorado: Phasing in threshold, starting at 45% upper limit for 2026 rounds
Other states: Updating QAPs and application materials
Developer Implications:
Acquisition-rehab deals can proceed with smaller bond issuances
Improved project economics through reduced debt service
New opportunities in bond-constrained states
Work closely with bond counsel on state-specific requirements
Subscribe to The Spring Street Brief for daily affordable housing news covering PABs, 4% LIHTC, bond financing, and state HFA implementation.]]>
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February 04, 2026Episode 27: Connecticut HFA Announces Financing for Nine Housing Developments
Connecticut Housing Finance Authority announced state financing commitments for nine housing developments on January 28th, deploying LIHTC allocations, tax-exempt bonds, and state housing trust fund resources.
Connecticut HFA 2026 Activity:
Nine developments financed across multiple communities
Combination of LIHTC, tax-exempt bonds, and state trust funds
2026 9% LIHTC application deadline: March 4th
Webinars scheduled on QAP changes and application requirements
Nationwide State HFA Activity:
Ohio Housing: Accepting pre-applications for 2026 4% LIHTC credits
Vermont HFA: Published 2026 application schedule for federal and state credits
New Hampshire Housing: Processing nine applications for $6.99M in 9% credits
Key Takeaway: State HFAs are aggressively deploying expanded resources under OBBBA. Early engagement with your state HFA is essential as competition remains intense.
Subscribe to The Spring Street Brief for daily affordable housing news covering state HFA activity, LIHTC allocations, QAP updates, and housing finance.]]>
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February 03, 2026Episode 26: HUD Proposes Eliminating Disparate Impact Rule
HUD has published a proposed rule to eliminate the 2013 Fair Housing Act disparate impact regulations, representing a significant shift in fair housing enforcement policy with comments due in February.
What Is Disparate Impact?
Allows fair housing claims based on discriminatory effects without proving intent
Challenges policies like tenant screening criteria and occupancy standards
Protects against facially neutral policies that harm protected classes
Implications of Elimination:
Plaintiffs would need to prove intentional discrimination—a higher legal bar
Current compliance programs built around disparate impact could become less critical
State and local fair housing laws may still enforce disparate impact standards
Creates potential patchwork of requirements across jurisdictions
Action Items:
Review the proposed rule before the February comment deadline
Consider submitting comments to shape housing policy
Assess current compliance programs and potential changes
Subscribe to The Spring Street Brief for daily affordable housing news covering fair housing, HUD policy, LIHTC, and compliance updates.
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February 02, 2026Episode 25: American Affordability Act Introduced to Strengthen LIHTC
Representative Mike Thompson introduced the American Affordability Act on February 3rd, proposing comprehensive measures to strengthen affordable housing programs and expand the Low-Income Housing Tax Credit.
Key Provisions of the American Affordability Act:
Additional LIHTC enhancements beyond the 12% increase in OBBBA
New tax credits for first-time homebuyers facing affordability challenges
Tax credits for renters struggling with housing costs
Incentives to convert vacant office buildings to residential housing
Targets households at 80-120% of area median income
Why This Matters:
Office vacancy rates at historic highs create adaptive reuse opportunities
Commercial conversions can be faster and cheaper than ground-up construction
Bipartisan interest signals continued support for affordable housing expansion
For LIHTC developers, this bill could open new deal structures and acquisition opportunities in the commercial conversion space.
Subscribe to The Spring Street Brief for daily affordable housing news covering LIHTC, tax credit legislation, HUD policy, and housing finance.
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January 30, 2026Episode 24: HUD Delays HOTMA Compliance to January 2027
HUD has extended the compliance deadline for Sections 102 and 104 of the Housing Opportunity Through Modernization Act (HOTMA) to January 1, 2027, giving multifamily housing owners an additional year to implement the complex new requirements.
HOTMA Compliance Extension:
New deadline: January 1, 2027 (extended from January 2026)
Affects income and asset calculation rules for HUD-assisted households
Impacts asset limits, income exclusions, hardship exemptions
Multifamily owners have 12 months to update systems and train staff
Other HUD Updates for 2026:
2026 Annual Inflationary Adjustments and Passbook Rate published (effective January 1, 2026)
FY2026 Annual Adjustment Factors (AAFs) released for Section 8 PBRA contract rents
Updated Qualified Census Tract (QCT) and Difficult Development Area (DDA) designations for LIHTC
$129.9 million in Family Self-Sufficiency (FSS) grants awarded to 713 PHAs and owners
Property managers should use this extension to refine HOTMA implementation and ensure staff are fully trained before the new deadline.
Subscribe to The Spring Street Brief for daily affordable housing news covering HUD policy, HOTMA, Section 8, LIHTC, and multifamily compliance.
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January 29, 2026Episode 23: Affordable HOMES Act Passes House with Bipartisan Support
The U.S. House of Representatives passed H.R. 5184, the Affordable HOMES Act, with bipartisan support on January 9, 2026, clearing the way for manufactured housing to play a larger role in addressing the national housing shortage.
Affordable HOMES Act Key Provisions:
Passed House 263-147 with 57 Democrats joining Republicans
Restores HUD authority over manufactured housing energy standards
Repeals pending DOE energy efficiency rule for manufactured homes
Estimated $10,000 cost reduction per manufactured housing unit
Bill now heads to Senate where bipartisan support expected
Related Legislation - Housing in the 21st Century Act:
Modernizes building codes nationwide
Increases allowable height for single-stairway buildings from 5 to 6 stories
Enables more density in mid-rise urban infill projects
For affordable housing developers, manufactured housing components become more viable in LIHTC and subsidized developments, particularly for rural and workforce housing projects.
Subscribe to The Spring Street Brief for daily affordable housing news covering housing legislation, manufactured housing, LIHTC, and HUD policy.
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January 28, 2026Episode 22: Fannie Mae Doubles LIHTC Investment Cap to $2 Billion
The Federal Housing Finance Agency (FHFA) has directed Fannie Mae and Freddie Mac to double their annual Low-Income Housing Tax Credit investment caps, creating a major new capital source for affordable housing developers.
GSE LIHTC Investment Expansion:
Fannie Mae: Cap increased from $1 billion to $2 billion annually
Freddie Mac: Cap increased from $1 billion to $2 billion annually
Total GSE LIHTC investment capacity: $4 billion per year
Targeting Underserved Markets:
50% of allocations dedicated to underserved markets
20% of underserved allocation (10% of total) targeted to rural communities
Addresses persistent equity gap in secondary and tertiary markets
For rural developers and sponsors working outside major metros, this represents a game-changing capital source. The expanded GSE presence should also help stabilize LIHTC pricing and improve terms for developers across all markets.
Subscribe to The Spring Street Brief for daily affordable housing news covering LIHTC, GSE programs, Fannie Mae, Freddie Mac, and tax credit equity markets.
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January 27, 2026Episode 21: Section 8 Housing Choice Voucher Program Faces FY2026 Uncertainty
The Section 8 Housing Choice Voucher (HCV) program faces significant uncertainty as Congress finalizes FY2026 spending, with proposed cuts and policy changes that could reshape rental assistance in America.
FY2026 Section 8 Funding Proposals:
House bill: Cuts assistance to 181,900 households
Senate bill: Cuts assistance to 107,800 households
Current program serves 2.4 million households—only 1 in 4 who qualify
Continuing resolution funds program only through January 30, 2026
Proposed Policy Changes:
Two-year time limits on rental assistance for able-bodied adults
Stricter income verification requirements
Potential restrictions for families with undocumented members
Possible shift to state-managed block grants
Elderly and disabled exempted from time limits
Property owners with significant voucher exposure and housing authorities should plan for potential volatility in the Section 8 program.
Subscribe to The Spring Street Brief for daily affordable housing news covering Section 8, HUD policy, LIHTC, and rental assistance programs.
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January 26, 2026Episode 20: LIHTC Expansion Under the One Big Beautiful Bill Act
The One Big Beautiful Bill Act (OBBBA) delivers the most significant Low-Income Housing Tax Credit expansion in years, with major benefits for affordable housing developers and investors starting in 2026.
Key LIHTC Changes in the OBBBA:
Permanent 12% increase in 9% LIHTC allocations beginning 2026
Bond financing threshold lowered from 50% to 25% for 4% LIHTC rehabilitation projects
Estimated 80,000 additional affordable units from 9% credit expansion through 2035
Over 1 million additional affordable rental homes projected from bond threshold change
State-by-State Impact:
California: 200,000 new units projected through 2035
Georgia: 98,000 new units
Texas: 97,000 new units
For LIHTC developers, syndicators, and tax credit investors, the math on 4% acquisition-rehab deals just got significantly better. Properties placed in service after December 31, 2025 qualify under the new rules.
Subscribe to The Spring Street Brief for daily affordable housing news covering LIHTC, Section 8, HUD policy, private activity bonds, and state HFA updates.
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FAQs about The Spring Street Brief:

How many episodes does The Spring Street Brief have?

The podcast currently has 28 episodes available.