General News

U.S Department of the Treasury’s Community Development Financial Institutions (CDFI) Fund Director Donna Gambrell will testify before the U.S. Senate Appropriations Subcommittee on Financial Services and General Government on the President’s FY-2012 budget request for the CDFI Fund, and how CDFIs are creating jobs and transforming communities.

Fannie Mae recently released a whitepaper, “Fannie Mae and Workforce Rental Housing.” The report discusses a need nationwide for more affordable rental housing.

The Advisory Council on Historic Preservation (ACHP) recently released new guidelines to advise federal decision makers regarding sustainable federal building design, construction, operation and management, and maintenance.

Michigan Governor Rick Snyder recently made a proposal to replace the Michigan Business Tax with a flat rate corporate income tax, and, as part of the package, the proposal eliminates the state’s historic preservation tax credit. 

The Washington State Housing Finance Commission (WSHFC) recently posted the preliminary policy and program development time-line for its FY-2012 low-income housing tax credit program.

The U.S. Department of Housing and Urban Development (HUD) has issued a notice of emergency information collection soliciting comments from the public with regard to the FY-2011 Choice Neighborhoods Initiative (CNI) / HOPE VI Program notice of funding availability.

To assist sponsors and owners of Section 202 and Section 811 projects in reducing operating costs, HUD’s Office of Policy Development & Research has published Enhancing Energy Efficiency and Green Building Design in Section 202 and Section 811 Programs.

The Michigan State Housing Development Authority has posted its Draft 2012 Qualified Allocation Plan and related documents to its web site. MSHDA will hold three Public Hearings on May 31, 2011 to take comments on the Draft 2012 Qualified Allocation Plan.

On May 12, House Financial Services Committee members John Campbell (R-CA) and Gary Peters (D-MI) introduced the “˜”˜Housing Finance Reform Act of 2011” (HFRA), H.R. 1859.

The Massachusetts Department of Housing and Community Development (DHCD) has released the final version of its 2011 qualified allocation plan.

The Louisiana Housing Finance Agency (LHFA) has released a red-lined and clean versions of its 2011-2012 qualified allocation plan (QAP) on its website.

Last week, the House Committee on Appropriations released its draft 302b allocations, the amounts each of the 12 appropriations subcommittees will have available to spend on their respective FY-2012 funding bills.