General News

The Community Development Financial Institutions (CDFI) Fund has announced it will consider extending the October 31 qualified equity investment (QEI) issuance deadline for new markets tax credit (NMTC) applicants that have been directly affected by Hurricane Sandy.

HUD released a new memo on October 26, 2012 pertaining to the due dates for closing mixed-finance transactions.

UPDATE: Due to the recent inclement weather, OHFA cancelled the two training sessions originally scheduled for October 30, 2012.

In an October 24 memo, the California Tax Credit Allocation Committee (CTCAC) announced a complete listing of its proposed regulation changes and program schedule for 2013.

The Pennsylvania Housing Finance Agency has extended application deadline for the first cycle of Low Income Housing Tax Credit allocations through Wednesday, November 7, 2012 at 3:00pm.

The North Carolina Housing Finance Agency has released a second draft of its 2013 Qualified Allocation Plan. The draft includes several changes from the first draft of the QAP.

The Mississippi Home Corporation (MHC) released an executive summary of proposed changes for its 2013 Qualified Allocation Plan following an October 25 public hearing.

HUD recently released the 2011 American Housing Survey (AHS) data, summary data tables and a public use file. The AHS is the largest regular national housing sample survey in the United States and provides a comprehensive analysis of the characteristics of U.S. housing units and occupants.

Marie Head, the Deputy Assistant Secretary of Multifamily Housing Programs at HUD announced that Theodore (Ted) Toon has been appointed Acting Director of the Office of Multifamily Housing Development in the Office of Multifamily Housing Programs.

HUD has released a map-based app for iPhone and Android that will allow users to search Fair Market Rents (FMRs) and income limits by current location or by metropolitan area, county, zip code and/or address.

Due to Hurricane Sandy, Massachusetts has declared a state of emergency and much of Boston is shutting down. As a result, the National Housing & Rehabilitation Association has made the decision to cancel the Fall Developers Forum.

The Michigan State Housing Development Authority released a draft version of its Notice of Funding Availability (NOFA) for the 2012 Michigan Housing and Community Development Fund (the “MHCD Fund”).