General News

The National Affordable Housing Management Association (NAHMA) recently released its Affordable 100 which ranks the largest affordable multifamily property management companies, ranked by affordable unit counts. In an effort to accurately determine the portfolio of affordable units receiving federal subsidy in the United States, NAHMA publishes this annual listing of affordable units containing at least one of the following federal subsidies: HUD Project-based Assistance, Section 42 LIHTC, HOME funds, USDA Section 515, or Bonds. 

MaineHousing will hold a public hearing of the Draft 2014 Qualified Allocation Plan at 9:30 AM on Tuesday, June 18, 2013.

HUD recently released the FY2013 NOFA for Choice Neighborhoods Implementation Grants on the Grants.gov website. HUD will make approximately $109 million in grants to revitalize public and HUD-assisted housing and transform communities. Individual grant awards may be for up to a maximum of $30,000,000.

NMTC/NAA recently launched a new interactive website and calculator that allows users to interact with data from 50 states and twelve metropolitan areas. The report is part of an educational campaign called “We Are Apartments” which is to show what apartments mean to people and communities across the U.S.

The National Housing Conference and California Housing Partnership have published a new guide titled “Veterans Permanent Supportive Housing: Policy and Practice”.

The Texas Legislature this week approved H.B. 500, a measure which would create a tax credit for certified rehabilitation of certified historic structures.

The House of Representatives Appropriations Committee recently approved FY 2014 spending caps, known as 302(b) allocations, for its 12 individual appropriations Subcommittees, including the Transportation-HUD (T-HUD) and Agriculture-Rural Development Subcommittees.

Representative David McKinley (R-WV) recently introduced a bill entitled Preserving America’s Downtown and Heritage Act of 2013 (HR 2042) which would increase the rehabilitation credit for commercial buildings and provide a rehabilitation credit for principal residences.

NH&RA member firm, CohnReznick recently released a report examining the relationship between low-income housing tax credit (LIHTC) pricing and banks that invest in certain geographies in order to meet certain conditions under the Community Reinvestment Act (CRA) of 1977.

A bipartisan coalition of U.S. lawmakers recently introduced the Hurricane Sandy Tax Relief Act of 2013 (H.R.2137) to provide tax relief for victims of Hurricane Sandy in areas designated as federal disaster areas by the president.

In his State of the City speech earlier this year, Washington, DC Mayor Vincent Gray pledged $100 million towards affordable housing for the District of Columbia. The plan that will guide the administration’s affordable housing efforts was recently unveiled. “Bridges to Opportunity: A New Housing Strategy for DC” was produced by a task force appointed by the Mayor in 2012 and proposes three broad strategic goals and 24 Action Items to achieve those goals.

HUD has published a notice in the Federal Register announcing the FY-2013 Annual Adjustment Factors (AFF) for adjustment of contract rents for units assisted in certain Section 8 housing assistance payment programs during the initial (i.e., pre-renewal) term of the HAP contract and for all units in the Project-Based Certificate program.