General News

Key Senate and House legislators are reported to be negotiating an omnibus spending measure.

The U.S. Census Bureau will hold a webinar on Wednesday, December 8 prior to the December 14 release of the first set of 5-year (2005-2009) American Community Survey (ACS) estimates.

The Illinois Housing Development Authority has released a draft of the 2011 Low-Income Housing Tax Credit Qualified Allocation Plan. The state will have approximately $21 million to allocate in 2011.

Sen. Max Baucus (D-MT) has introduced the Middle Class Tax Cut Act of 2010. The legislation contains extensions of numerous affordable housing, new markets and renewable energy tax credit and bond programs.

The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) is soliciting comments regarding the interim operating rule for the Capital Magnet Fund.

U.S. Representative Keith Ellison (D-MN) on December 1 introduced the Rental Housing Revitalization Act (H.R. 6468), designed to support the restoration of the nation’s public housing infrastructure, simplify rental assistance programs and expand renters’ housing choices.

In yet another “wave” election, the Democratic Party has been swept out of the US House of Representatives as Congressional Republicans picked up approximately 60 seats (at time of press some final results are still in questions). The Democratic Party still maintains a majority in the US Senate. NH&RA will be providing additional coverage on the leadership and priorities of the next Congress in the upcoming weeks.

The National Housing & Rehabilitation Association is now accepting registrations for the 2011 Annual Meeting and Pre-Conference Symposium on New Markets Tax Credits, scheduled February 23-26, 2011 in Bonita Springs, Florida.

The Delaware State Housing Authority recently released its 2011 QAP and supporting materials for administering its 2011 low-income housing tax credit program.

Foreclosure-Response.org, an online portal for data and information on foreclosure prevention and neighborhood stabilization brought to you by LISC, the Urban Institute, and the Center for Housing Policy, has released new data to help communities address foreclosures.

United States Senate Committee on Finance has scheduled a hearing on December 2, entitled “Tax Reform: Historical Trends in Income and Revenue.”

The Missouri Tax Credit Review Commission sent its final report on Missouri’s tax credit programs to Governor Jay Nixon, recommending that the state historic tax credit program’s annual cap be reduced from $140 million to $75 million per year beginning in 2011.