General News

The Alaska Housing Finance Corporation (AHFC) Public Housing Division has announced it will no longer offer preferences on rental housing application. The largest driver affecting the change is a statewide economy that has more families in need of public housing for longer periods of time.

The Virginia Housing Development Authority (VHDA) and the Virginia Department of Community Development (DHCD) are considering submitting an application for federal project-based rent subsidy funding under the Section 811 Demo program.

The Community Development Financial Institutions Fund (CDFI Fund) has issued request for comments concerning the revised reporting and record retention requirements for the Capital Magnet Fund.

The Arizona Department of Housing (ADOH) is considering making roughly $5 million in State Housing Fund resources available to developers to be used specifically for rental development.

NH&RA member firm, Novogradac & Company, recently released a mapping tool that shows the total number and locations of New Markets Tax Credits (NMTC) qualified low-income community investments (QLICIs) in each U.S. state and territory.

A new report conducted by the New Markets Tax Credit Coalition finds that the New Markets Tax Credit (NMTC) has spurred private investment in economically distressed communities to finance a wide range of businesses, create jobs, and jump start local economies.

The House Financial Services Subcommittee on Insurance, Housing and Community Opportunity on Thursday June 7 held a hearing on strengthening the Federal Housing Administration’s (FHA) affordable multifamily insurance programs.

The Texas Department of Housing and Community Affairs (TDHCA) will host a roundtable discussion on Friday, June 15, 2012 from 9:00 am to 1:00 pm to solicit feedback regarding possible changes to the 2013 Qualified Allocation Plan (QAP), HOME, Multifamily Revenue Bonds, NSP and General rules.

The Massachusetts Department of Revenue (DOR) has released the first-ever Massachusetts Tax Credit Transparency Report.

The California Tax Credit Allocation Committee (CTCAC) recently issued a memo providing additional clarifying guidance for prospective second round applicants.

This summer, HUD will be issuing new requirements that will synchronize Physical Needs Assessments and Energy Audit into the Green Physical Needs Assessment (GPNA), and will require measuring the cost effectiveness of energy conservation measures.

HUD’s Economic and Market Analysis Division regularly publishes Comprehensive Housing Market Analysis reports for regions across the country.