General News

The U.S. Department of the Treasury’s New Markets Tax Credit Program (NMTC Program) has been named today as one of the Top 25 programs that will advance to the final stages of competition for the prestigious Innovations in American Government Award.

The U.S. Department of Housing and Urban Development’s Economic and Market Analysis Division has prepared a Comprehensive Housing Market Analysis for the Lubbock, Texas market area.

On April, 29, 2011 Washington State Governor Christine Gregoire signed new legislation regulating the ability of out-of-state bond issuers to issue private activity bonds for a project.

Washington, DC Mayor Vincent Gray recently released his proposed city budget for fiscal year 2012.

The Wisconsin Housing and Economic Development Authority (WHEDA) has issued a notice to explain 2011 LIHTC credit pricing levels and the basis boost for recently funded applicants.

The National Housing & Rehabilitation Association is pleased to present the seventh annual J. Timothy Anderson Awards for Excellence in Historic Rehabilitation. The “Timmy” awards honor outstanding rehabilitation and preservation projects based on overall design and quality, interpretation and respect of historic elements, impact on the community, and financial and market success.

The Affordable Housing Investors Council recently published revised underwriting guidelines for or low-income housing tax credit investments. Notably the Market Study section of the guidelines strongly endorse NH&RA’s National Council of Affordable Housing Market Analysts recommending:
“A third party market study completed less than 6 months before the investor closes into the partnership should be used in the analysis of rental rates, absorption rates and demand assumptions.

Republicans in the House of Representatives have announced their plan to overhaul and unwind Fannie Mae and Freddie Mac.

House of Representatives Budget Chairman Paul Ryan (R-Ill.) has released his FY-2012 Budget proposal.

HUD’s Office of Policy Development & Research recently released national estimates of the number and characteristics of worst case needs (WCN) households that include people with disabilities in Worst Case Housing Needs of People with Disabilities “” Supplemental Findings of the Worst Case Housing Needs 2009: Report to Congress.

This notice announces that the multifamily rental project closing documents have completed the notice and comment processes. The final versions of the documents can be found on HUD’s Web site.

HUD has issued a new final rule that amends certain Federal Housing Administration (FHA) regulations to update these regulations to reflect current HUD policy in the area of multifamily rental projects.