General News

The Montana Housing Division recently made available a draft of its 2011 qualified allocation plan (QAP) for the low-income housing tax credit program.

The Indiana Housing & Community Development Authority has announced that it will host an open roundtable discussion on Wednesday, May 12 to solicit comments, ideas, or views from the public related to the up-coming 2011 QAP.

The Federal Housing Finance Agency (FHFA) is proposing to reorganize existing investment regulations that apply to the Federal Home Loan Banks (FHLB), as well as incorporate limitations on the Banks’ investment in mortgage-backed securities and asset-backed securities, contained in the existing Financial Management Policy.

The North Dakota Housing Finance Agency will host a Regional Housing Roundtable on May 19 in Devils Lake, ND.

The Community Development Financial Institutions Fund (CDFI Fund) has scheduled an application webcast for the calendar year 2010 round of the New Markets Tax Credit (NMTC) Program. The application webcast will be broadcast on Tuesday, May 4 at 3:15 PM Eastern Daylight Time.

Governor Bob McDonnell this week announced a major initiative by his Administration aimed at expanding affordable housing in Virginia, including the establishment of the state’s first executive housing policy framework to help guide the development of a housing policy.

A renter household needs an annual income of $38,360 in order to afford a two-bedroom rental unit at the Fair Market Rent, according to a recent study released by the National Low-Income Housing Coalition.

National Council of Affordable Housing Market Analysts (NCAHMA) is please to offer FIVE digital audio recordings of select panel sessions held during its 2010 Spring Underwriting Forum, April 7-8 in New Orleans.

Enterprise has published a new report entitled “Incremental Cost, Measurable Savings: Enterprise Green Communities Criteria.” The report explores the measurable costs savings of applying comprehensive green methods and materials to affordable housing developments.

HUD USER recently updated the State of the Cities Data System to include labor statistics for February 2010, using Local Area Unemployment Statistics data from the Bureau of Labor Statistics.

The Arkansas Development Finance Authority (ADFA) recently issued a memo to potential 2010 applicants for Section 1602 Exchange funds that describes several new requirements for all applicants. The memo also describes the process by which ADFA will identify eligible applications for Exchange funds after the applications are received.

The Tennessee Housing Development Authority (THDCA) has established a Special Tax Credit Committee under the THDA Board to examine the Low-Income Housing Tax Credit Program and make recommendations to the Board regarding the program and subsequent year qualified allocation plans (QAP).