General News
HUD Solicits Feedback on Efficiency Conversion Standards
The U.S. Department of Housing and Urban Development has developed standards and requirements to permit the conversion of efficiencies to one-bedrooms in HUD assisted and/or insured housing.
New Report Shows Persistence of High Rent Burdens
The U.S. Department of Housing and Urban Development’s Office of Policy Development & Research has published a new report based on American Housing Survey data entitled, “Investigating Very High Rent Burdens Among Renters in the American Housing Survey.”
DC to Hold Public Hearing on NSP3 Funds
Washington DC’s Department of Housing and Community Development (DHCD) will hold a Public Hearing on Tuesday, February 15, 2011, to discuss the District’s proposed uses of Federal Neighborhood Stabilization Program Round Three (NSP3) Funds.
Ohio Schedules 2012 QAP Discussion Meeting
The Ohio Housing Finance Agency has announced that it will host a roundtable discussion with a selection of housing partners that will explore goals and priorities for the agency’s 2012 low-income housing tax credit program.
House Financial Services Subcommittee to Hold GSE Reform Hearing
The House Financial Services Committee Subcommittee on Capital Markets Chairman Scott Garrett announced today the Subcommittee will convene a hearing on reforming Fannie Mae and Freddie Mac.
House Financial Services Subcommittee to Hold GSE Reform Hearing
The House Financial Services Committee Subcommittee on Capital Markets Chairman Scott Garrett announced today the Subcommittee will convene a hearing on reforming Fannie Mae and Freddie Mac. The hearing will be held on Wednesday, February 9th at 2:00 p.m.
Brookings Issues White Paper on Energy Retrofits of Affordable Housing
The Brookings Institute has released a new white paper that offers a “magic pill” for the federal government by suggesting the possibility of over $1 billion in annual savings, improved building longevity, health, and affordability, as well as thousands of new jobs through retrofitting the federally subsidized multifamily portfolio in order to increase energy and water efficiencies and reduce operating costs.
Fannie Mae Introduce New Multifamily Product
Fannie Mae has announced the introduction of a new Guaranteed Multifamily Structures, or Fannie Mae GeMSTM, an expanded multifamily mortgage-backed securities (MBS) execution that will include DUS Megas, DUS REMICs and syndicated DUS Megas.
State Historic Rehabilitation Tax Credit Outlook for 2011
NH&RA Historic Preservation Development Council Member MacRostie Historic Advisors has posted an excellent state historic tax credit update on its website.
Virginia Issues 2011 LIHTC Update
The Virginia Housing Development Authority has issued a reservation application update for 2011 LIHTCs. The update addresses the locality notification information summary, an additional EarthCraft Multifamily Training Session (February 25), Universal Design training (February 17), and several minor corrections to the 2011 application.
2012 Budget Preview Proposes NMTC Expansion
The White House today announced that the Obama Administration’s fiscal 2012 budget will propose an expansion of the New Markets Tax Credit (NMTC) program to $5 billion from $3.5 billion to encourage investments in startup companies and small businesses based in low-income areas.
Center for American Progress Issues Report on Housing Finance Reform
The Center for American Progress, an influential policy think-tank, has issued a new report titled “A Responsible Market for Housing Finance: A Progressive Plan to Reform the U.S. Secondary Market for Residential Mortgages.”