General News

The Georgia Department of Community Affairs (DCA) has issued a reminder to awardees of low-income housing tax credits and 1602 Exchange funds about expenditure deadlines for the program.

The U.S. Census Bureau today released the results of the 2009 American Community Survey (ACS), providing data about the nation’s socioeconomic, housing and demographic characteristics.

The Advisory Council on Historic Preservation (ACHP) recently released its Strategic Sustainability Performance Plan, required by Executive Order 13514, “Federal Leadership in Environmental, Energy, and Economic Performance.”

Rep. Alcee L. Hastings (D-Fla.) has introduced new legislation that would, among other things, allow New Markets Tax Credit investments made between March 15, 2010 and January 1, 2012 to offset the alternative minimum tax.

The Nebraska Investment Finance Authority (NIFA) has released its draft 2011 Low-Income Housing Tax Credit (LIHTC) Application Package, including a draft Qualified Allocation Plan, and application form.

The New Hampshire Housing Finance Authority has released a draft version of its 2011 Qualified Allocation Plan for the Low Income Housing Tax Credit Program (LIHTC) and the HOME Rental Housing Production Program Rules.

Today, New York’s top housing official, Brian Lawlor, will be announcing the details of the consolidation and merger of New York’s primary housing agencies ““ NYHomes and the Department of Housing & Community Renewal ““ into a single organization under a single leadership structure.

HUD’s Economic and Market Analysis Division has prepared a Comprehensive Housing Market Analysis Report for the Killen-Temple-Fort Hood, Texas market area.

The U.S. Department of the Treasury’s Community Development Financial Institutions (CDFI) Fund has released preliminary data on projects financed by New Markets Tax Credits through December 31, 2009 by organizations that were awarded allocations of NMTCs.

On September 9, the U.S. Department of Housing and Urban Development announced the designated Difficult Development Areas (DDA) and Qualified Census Tracts (QCT) for the purposes of the 2011 low-income housing tax credit program; however, the notice omitted the tables listing the metropolitan and non-metropolitan DDAs for 2011.

As part of the American Recovery & Reinvestment Act reporting requirements the GAO has issued two reports to Congress pertaining to the TCAP and 1602/Exchange Programs:

In a new mortgagee letter (2010-27) dated August 30, 2010, HUD has renewed special the Department’s policy for the eligibility of projects for Mortgage insurance where Construction has started.