Thom Amdur Author Archives

The bridge loan platform provides interim funding support for acquisition and refinancing applications on HUD multifamily and healthcare loans. It was expanded to include tax credit equity bridge loans and conventional financing for multifamily and healthcare new construction.

The U.S. Department of Housing and Urban Development released FY-2016 income limits to be used when setting maximum rental rates for housing financed using Low-Income Housing Tax Credits or Tax-Exempt Bonds, as well as income limits to determine eligibility for HUD-assisted housing programs.

The list of Qualified Census Tracts (QCTs) and Difficult Development Areas (DDAs) has been updated for 2016. Updates are effective July 1, 2016.

The proposed administrative rules create the program criteria for the Vertical Housing Development Program, which provides local jurisdictions with the opportunity to create vertical housing zones and developers to create vertical housing which is exempt from property taxes. The proposed administrative rules create the program criteria for the Vertical Housing Development Program, which provides local jurisdictions with the opportunity to create vertical housing zones and developers to create vertical housing which is exempt from property taxes. People interested in providing oral or written comments on the proposed rules are invited to attend a public hearing on April 27, 2016.

Arizona Department of Housing is administering two new funding sources in 2016-2017, the National Housing Trust Fund (approx. $3 million), which will be incorporated into the 2016-2017 Annual Action Plan and the Weatherization Program Fund (approx. $1.3 million) which will have its own 2016-2017
Weatherization Assistance Program State Plan.

The Texas Department of Housing and Community Affairs posted to its website a schedule for public hearings for purposes of taking public comment on the 2016 Competitive (9%) Housing Tax Credit.

Stephen Wessler is the new director of Hunt Mortgage Group’s affordable housing group. He will be based in the Denver office and will focus on sourcing and originating HUD and FHA lending.

Enterprise Green Communities will host a webinar to explore new templates that have been designed to guide you through the process of creating materials for engaging residents and staff in sustainability practices.

Preparing for an unprecedented number of RAD transactions this year, HUD is already seeing requests for extensions to Financing Plan submission deadlines. HUD will host a listening session to discuss incentives or remedies short of revoking CHAPs to keep PHAs on schedule and to mitigate the surge of volume at year-end.

Florida Housing Finance Corporation issued RFA 2016-105 Financing To Build Or Rehabilitate Smaller Permanent Supportive Housing Properties For Persons With Developmental Disabilities. The Application Deadline for RFA 2016-105 is 11:00 a.m., Eastern Time, on Thursday, May 5, 2016.

OHFA has begun soliciting public input for the NHTF Allocation Plan, starting with the NHTF Public Forum held on Thursday, February 25. OHFA will also hold three smaller working groups in March, April and May.

WVHDF is requesting 2015 Year End Financial Audits for each of the LIHTCP properties in West Virginia by Monday, May 2.