General News
New Study Issued On Multifamily Utility Usage
NH&RA Member and Council for Energy Friendly Affordable Housing Steering Committee member Recap Real Estate Advisors has issued a new study on behalf of Living Cities titled “Multifamily Utility Usage Data: Issues and Opportunities.”
Massachusetts Housing Undersecretary to Join LISC
LISC has named Tina Brooks, Massachusetts’ undersecretary for housing and community development, as its new EVP for programs.
IRS Issues Notice State and Local Bonds Volume Cap and Timing of Issuing Bonds
The IRS has issued a new notice (Notice 2011-63) that provides supplemental guidance on the determination of when State and local bonds are considered “issued” for purposes of volume cap limitations on private activity bonds and other bond volume caps and limitations under Federal law.
House Subcommittee Passes GSE Legislation; Indications that Obama to Introduce on GSE Bill Soon
The House Financial Services Capital Markets and Government Sponsored Enterprises Subcommittee approved five bills designed to constrain Fannie Mae and Freddie Mac and hasten their departure from the mortgage market.
HUD Launches Multifamily Preservation Webpage
HUD has announced the addition of a preservation web page to the Multifamily website.
NH&RA Summer Institute PowerPoint Presentations
NH&RA is pleased to offer .PDF versions of the PowerPoint slides presented at the 2011 Summer Institute & New Markets Tax Credit Symposium.
North Carolina Seeks Comments on 2012 QAP
NCHFA is seeking input on the draft 2012 Qualified Allocation Plan prior to publication.
Maryland Issues Multifamily Housing Notice
The Maryland Department of Housing & Community Development recently released Multifamily Housing Notice 11-07 which provides an update on the Spring 2011 funding round, and reminds potential applicants about the Round 2 deadline.
Carol Galante Named New FHA Commissioner
The Obama Administration has announced that it has named Carol Galante as the acting commissioner of the Federal Housing Administration (FHA).
Texas Issues Newsletter about Multifamily Housing
The Texas Department of Housing & Community Affairs recently issued a newsletter that provides clarification about utility allowance and gross rent violations for the Housing Tax Credit program. Also contained in the newsletter:
Arizona Forms Sustainable Communities Working Group
Recognizing the need for affordable housing near public transit, the Arizona Department of Housing has partnered with the cities of Mesa, Tempe and Phoenix, the Department of Transportation, the Metro light rail, Arizona State University, community leaders and others to create the Sustainable Communities Working Group.
HUD Releases Three New Housing Market Reports
HUD’s Economic and Market Analysis Division has prepared three new Comprehensive Housing Market Analyses for the following markets