General News

The Hawaii Housing Finance & Development Authority recently released revised administrative rules for both the low-income housing tax credit and rental housing trust fund programs.

Representative Linda Sanchez (D-Calif.) has introduced legislation (HR 4687) to extend the 1602 exchange program to 4 percent credits. Representative Sanchez noted in a floor statement that “I am introducing this bill because our country cannot afford to let this valuable 4 percent tax credit program fall into disuse due to the economy’s downturn at a time when our country is in desperate need of more jobs and more affordable places for low-income families to live.

Join NH&RA for a round of golf at the Miami Beach Golf Club, Friday, March 12 during the 2010 Affordable Housing Conference & Annual Meeting.

U.S. Treasury Secretary Timothy Geithner and Agriculture Department Secretary Tom Vilsack recently announced details of the Obama Administration’s new Healthy Food Financing Initiative, which is intended to provide a mix of federal tax incentives and funds to help finance the development of supermarkets and other healthy food options in under-served urban and rural communities.

A recent report from the U.S. Treasury Department shows that nearly 28,000 jobs have been created as a result of the Section 1602 low-income housing tax credit (LIHTC) cash grant exchange program, created by the American Recovery and Reinvestment Act of 2009 (ARRA).

New York City Mayor Michael Bloomberg has announced a new affordable housing plan that would inject an additional $1 billion, bringing the total investment to build or preserve 165,000 units of affordable housing up to $8.5 billion.

Cris White has been identified by the Board of Directors as the Colorado Housing and Finance Authority’s (CHFA) finalist for its open Executive Director/Chief Executive Officer position. His official appointment will be made pending the state mandated 14-day notification period and barring any information that would affect his candidacy for the position.

The Community Development Financial Institutions (CDFI) Fund recently announced that it is soliciting comments from the public concerning the CDFI Fund’s Quarterly New Markets Report (QNMR) for New Markets Tax Credit (NMTC) allocatees under the American Recovery and Reinvestment Act of 2009 (ARRA).

The New Jersey Housing and Mortgage Finance Agency has released a draft of its proposed 2010 qualified allocation plan, which establishes selection criteria, application requirements, application fees, program restrictions and standards used for governing the state’s low-income housing tax credit (LIHTC) program.

The California Tax Credit Allocation Committee (TCAC) has released the final program regulations for the administration of its 2010 low-income housing tax credit (LIHTC) program.

The U.S. Department of Housing and Urban Development (HUD) has announced two public meetings to discuss a proposed rule that would change regulations for the Indian Housing Block Grant (IHBG) program and the Title VI Loan Guarantee program, created by the Native American Housing Assistance and Self-Determination Reauthorization Act of 2008.

NH&RA’s Council for Energy Friendly Affordable Housing (CEFAH) is pleased to announce that the U.S. Department of Energy (DOE) is amending the eligibility provisions applicable to multi-unit buildings under the Weatherization Assistance Program for Low-Income Persons. The new regulations will make it easier for owners of HUD, LIHTC and USDA assisted apartments to utilize weatherization grants. CEFAH will be providing its members with in-depth analysis of this new rule. CEFAH is a working group of some of the most active owners and managers of affordable housing. Its goal is to identify areas where significant savings could be found and work with policymakers to obtain regulatory and legislative changes that make such improvements feasible and permissible. Click here to learn more about CEFAH.