October 13, 2022

The US Department of the Treasury set new guidance for the Low-Income Housing Tax Credit that allows a broader mix of income levels among residents of qualifying projects by using an average, instead of fixed limits, for all units. “The concern that we had as an industry was what happens when you have somebody who is suddenly making 61 percent of the income threshold, which would have required you to force that person to leave the property,” said Dave Borsos, vice president of capital markets at the National Multifamily Housing Council.

A new study of more than 1,200 US cancer patients found patients experiencing housing instability were twice as likely to die from their illness than those with stable housing. The analysis adds to a growing body of evidence that demonstrates a link between housing and health, but it didn’t assess specifically how housing insecurity influences cancer mortality.

New York Mayor Eric Adams declared a state of emergency on Friday to address the influx of thousands of migrants to the city. New York City’s homeless shelters are overwhelmed, with the population of the city’s main shelter system standing at more than 61,000. The declaration will allow the city to open emergency relief centers more quickly by exempting them from the standard land-use and community-review process that often slows the opening of shelters.

Babcock Ranch, an innovative community in southwest Florida that was built to weather intense storms, endured Hurricane Ian with little damage. The solar-powered community runs power lines underground to shield from strong winds and has large retaining ponds that surround the development to protect houses from flooding. Despite Hurricane Ian’s intense winds and flooding rains, the lights stayed on at Babcock Ranch.