General News

Members of NH&RA’s New Markets Steering Committee participated on a recent conference call held by the Community Development Financial Institutions Fund on data collection for the new markets tax credit program. Part of the discussion was about how to define a multiple-building project and who should report data on these kinds of projects.

The House Financial Services Committee passed energy efficiency legislation based on proposals developed by NH&RA and its Council for Energy Friendly Affordable Housing.

NH&RA and its Council for Energy Friendly Affordable Housing (CEFAH) have progressed further in their efforts to try to increase the availability and use of federal Weatherization Assistance Program funds in multifamily housing properties.

The National Housing & Rehabilitation recently submitted two sets of comments to the U.S. Department of Housing and Urban Development (HUD) relating to FHA multifamily mortgage insurance programs.

House and Senate negotiators appear to have resolved a major revenue-raiser for the tax extender legislation (HR 4213). It appears that final version of the measure will include the taxation of carried interest, which lawmakers estimate will generate $24.6 billion over 10 years.

The U.S. Senate rejected an amendment to the financial regulatory overhaul legislation that would established a time frame for ending the government’s support of Fannie Mae & Freddie Mac and for ultimately dissolving the two government sponsored entities.

The U.S. Treasury’s Community Development Financial Institutions (CDFI) Fund has announced that it is soliciting comments from the public concerning the CDFI Programs Awardee/Allocatee Annual Reports, which comprise certain reporting requirements for participants in the CDFI Program, the Native American CDFI Assistance (NACA) Program, and the New Markets Tax Credits (NMTC) Program.

The Association for Neighborhood and Housing Development (ANHD), a nonprofit group that represents middle- and low-income tenant groups, recently published a study, entitled “A Permanent Problem Requires a Permanent Solution: New York City’s Next Affordable Housing Expiring-Use Crisis and the Need for Permanent Affordability.”

The Community Development Financial Institutions (CDFI) Fund has announced that it is in search of application reviewers for the 2010 New Markets Tax Credit Program allocation round.

The recently launched TaxInvestments.com is an online marketplace in the tax credit industry dedicated connecting buyers and sellers of trade-able tax credits. The website allows users to list and search any type of trade-able tax credit by name, address, tax credit amounts, tax credit delivery dates, tax credit types or any combination thereof.

U.S. Department of Housing and Urban Development Secretary Shaun Donovan has named Adolfo Carrión to serve as the Regional Director for New York and New Jersey. Carrión, is currently Deputy Assistant to the President and Director of the White House Office of Urban Affairs.

HUD’s Economic and Market Analysis Division has published two new Comprehensive Housing Market Analysis Reports for the Houston, Texas and Jackson, Mississippi market areas.