Council for Energy Friendly Affordable Housing (CEFAH) is a working group of some of the most active owners and managers of affordable housing. The Council will retain legal and technical expertise to identify policy changes that could be made by Congress, HUD and state agencies to help encourage and finance energy conservation improvements. Approximately $5 billion – nearly 15% of HUD’s budget -- is spent annually on energy costs in assisted housing. Reducing this amount would free up a considerable sum of money for more productive uses. NH&RA launched CEFAH as a means to achieve policy changes to affordable housing programs that will facilitate owners’ abilities to retrofit and upgrade properties to achieve a higher degree of energy efficiency and utility cost savings.
Our goal is to identify areas where significant savings could be found and work with policymakers to obtain regulatory and legislative changes that make such improvements feasible and permissible. A few examples of actions that could be taken are adjusting HUD policies governing the use of replacement reserves and residual receipts, establishing a supplemental loan program for energy retrofit financing, and educating housing officials on which energy efficiency improvements make sense to support.
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The U.S. Department of Housing and Urban Development (HUD) on December 22 issued a proposed rule to govern the sale of HUD-held single family homes and mortgage assets in designated revitalization areas . read more
Date Published: 01/06/2009
Tags: Affordable Housing, HUD, Native America/Indian Housing, Local Programs
The Alabama Housing Finance Authority recently published a final qualified allocation plan (QAP) for its 2009 low-income housing tax credit program. read more
Date Published: 01/06/2009
Tags: Tax Credits, LIHTC
The Colorado Housing and Finance Authority has released its final 2009 QAP and application for its low-income housing tax credit program. read more
Date Published: 01/06/2009
Tags: Tax Credits, LIHTC
In an interview reported by the Boston Globe, U.S. Representative Barney Frank indicated he wants the government to spend $10 billion on stalled low-income housing tax credit projects unable to secure equity. read more
Date Published: 01/06/2009
Tags: Congress, Multi-Family Finance, Affordable Housing, Tax Credits, LIHTC
In a new paper commissioned by the Massachusetts Housing Partnership (MHP, www.mhp.net), based on a survey of stakeholders in Massachusetts and other states, the firm Recap Advisors recommends 10 strategic steps that state housing credit agencies should take to most effectively allocate their 2009 low-income housing tax credits in the current troubled LIHTC equity environment. read more
Date Published: 01/06/2009
Tags: Tax Credits, LIHTC
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