General News

The Internal Revenue Service (IRS) has invited public comments on Treasury Decision (TD) 8563, State Housing Credit Ceiling and Other Rules Relating to the Low-Income Housing Credit.

U.S. Rep. Luis Gutierrez (D-IL) has introduced a bill (H.R. 6334) that would make legislative changes to the Community Reinvestment Act (CRA), which requires banks to meet the credit needs of low- and moderate-income neighborhoods in their service area.

HUD has announced the availability of 500 project-based HUD-Veterans Affairs Supportive (VASH) vouchers in a new competitive funding round.

HUD’s Office of Housing on September 30 issued a new (H 10-22), effective immediately, containing guidelines for assumption, subordination, or assignment of Mark-to-Market (M2M) Program Loans in transfer of physical assets (TPA) and refinance transactions.

The U.S. Department of Housing and Urban Development has published Fair Market Rents for Fiscal Year 2011 for the Housing
Choice Voucher Program and Moderate Rehabilitation Single Room Occupancy Program.

The U.S. Department of Housing and Urban Development has published the final Fiscal Year 2011 Fair Market Rents (FMRs) on the HUD USER website, effective October 1, 2010.

The U.S. Department of Housing and Urban Development has published its latest issue of ResearchWorks, the official online newsletter of HUD’s Office of Policy Development & Research.

The U.S. Census Bureau has released final tabulations from the 2009 American Housing Survey metropolitan survey of New Orleans in Excel format.

The U.S. Department of the Treasury has announced the completion of funding under its Community Development Capital Initiative (CDCI). Overall, that program has invested $570 million in 84 Community Development Financial Institutions (CDFIs) in 26 states, the District of Columbia, and Guam.

The U.S. Department of Housing and Urban Development has issued a notice that requires eligible applicants intending to submit either a Planning or Implementation grant application under HUD’s FY2010 Round 1 Choice Neighborhoods Grant Program Notice of Funding Availability (NOFA) to notify HUD of their intent to apply by October 7.

The Kansas Housing Resources Corporation will conduct a public hearing to provide the public input on the Housing Tax Credit Program for 2011.

The Illinois Housing Development Authority has extended its housing preservation initiative, offering low-cost fixed-rate permanent financing which will provide resources to borrowers to finance new construction, acquisition and rehabilitation or adaptive reuse of existing developments.