General News

The California Tax Credit Allocation Committee (TCAC) has announced that it will hold forums throughout the state to discuss its proposal to update the underlying data and corresponding percentages of the competitive nine percent geographic apportionments, effective in 2013.

NH&RA / NCAHMA is pleased to offer the Power Point Presentations from our recent FHA MAP Market Study & Underwriting Symposium and Affordable Housing Underwriting & Policy Forum, which was held March 28-30 in Washington, DC.

The U.S. Census Bureau recently released its report of housing vacancy survey statistics for 2011. The statistics provide vacancy rates and characteristics of units available for occupancy at the national level, as well as for regions, states and the 75 largest metropolitan areas.

The Illinois State Senate recently passed S.B. 2886, a bill that would allow project sponsors to transfer tax credits earned from the restoration and preservation of qualified historic structures located in River Edge Redevelopment Zones (RERZ).

The California State Senate is set to vote on AB 1585, which would transfer balances in California’s recently dissolved redevelopment authority (RDA) low- and moderate-income housing funds to local housing agencies to be spent specifically for affordable housing.

HUD’s Economic and Market Analysis Division has released Comprehensive Housing Market Analyses for Fort Worth-Arlington, Texas; Houston, Texas; and Reading, Pennsylvania.

The Maryland Department of Housing and Community Development (MDHCD) is accepting comments on proposed guidelines for the new Rental Housing Works (RHW) program. RHW is funded at $17.5 million for FY 2013.

The U.S. Census Bureau recently released population estimates for metropolitan statistical areas and micropolitan statistical areas, the first population estimates to be released since the 2010 Census.

A new report entitled “Public Housing Transformation and Crime: Making the Case for Responsible Relocation,” published by the Urban Institute examines the relationship between public housing transformation and the instances of crime in neighborhoods where displaced residents move.

HUD’s Multifamily web team has launched new web portals for the Sections 202 and 811 programs.

The Community Development Financial Institution (CDFI) Fund posted the industry comments submitted in response to the agency’s request for public comments regarding the New Markets Tax Credit (NMTC) program.

The California Tax Credit Allocation Committee (CTCAC) has made available detailed guidance for sustainable building method software, submission, documentation, and qualification requirements.