General News
Update: Congressional Reps Request Details on HOME Projects
Two federal lawmakers this week sent a letter to the Department of Housing and Urban Development (HUD) requesting detailed accounting of more than 1,000 affordable-housing construction projects funded by the Department’s HOME Program.
South Dakota Invites Comments on NSP3 Plan
The South Dakota Housing Development Authority (SDHDA) has amended its Neighborhood Stabilization Program Plan to designate how South Dakota will allocate its NSP3 funds.
Harvard’s Joint Center Releases National Housing Report for 2011
The Joint Center for Housing Studies of Harvard University has published its new “State of the Nation’s Housing 2011″ report.
House Committee Holds Hearing on HOME Program
On June 3, the House Financial Services Committee held an oversight hearing on the performance of HUD’s HOME program in creating affordable homes and strengthening communities.
CDFI Fund Releases NOAA for NMTC Funding Round
The Community Development Financial Institutions (CDFI) Fund has announced the opening of the 2011 New Markets Tax Credit funding round.
From Yellow Pages to Housing: Historic Detroit Building Is Being Rehabilitated for New Uses
Two years of hearing “no” from prospective equity providers would be enough to make most people and organizations give up on a project. But for Joe Heaphy and the Detroit nonprofit he works for, the rejections almost became a personal challenge.
Orchestrating Opportunities: Developer Larry Curtis Creates Housing Through Diverse Deals
Larry Curtis, the mustachioed president and managing partner of WinnDevelopment, likens the role of a developer to a musical conductor. “What I like about being a developer is you get to invent deals. You’re the orchestra leader that doesn’t necessarily know how to play all the instruments…”
New Report Shows Economic Impact of Historic Credits
The Historic Tax Credit Coalition and Rutgers University recently released an annual study on the economic impact of the federal historic tax credit (HTC).
FHA & Fannie Mae Announce Green Refinancing Program
HUD’s Federal Housing Administration (FHA) and Fannie Mae recently announced a joint venture to allow owners of existing affordable rental housing properties to refinance into new mortgages that include funding for energy- and water-saving upgrades, along with other needed property renovations.
Spring Developers Forum PowerPoint Presentations
NH&RA is pleased to offer the PowerPoint presentations given during the recent 2011 Spring Developers Forum, May 23-24 in Dana Point, CA.
HUD Releases FY 2011 Income Limits
The U.S. Department of Housing and Urban Development has released the new area median income limits for Fiscal Year 2011.
CDFI Fund Opens New Markets Tax Credit Funding Round
The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) has announced the release of the notice of allocation availability (NOAA) for the 2011 round of competition for $3.5 billion in tax credits under the New Markets Tax Credit (NMTC) Program.