General News

The National Trust Community Investment Corporation recently teamed up with Rutgers University to publish its “First Annual Report on the Economic Impact of the Federal Historic Tax Credit.”

Participants in NH&RA Developer’s Council will hear about the latest developments in the use of modular housing construction for affordable housing, when the Council meets at NH&RA’s Affordable Housing Conference & 2010 Annual Meeting on March 11-13.

NH&RA’s Historic Preservation Development Council (HPDC) is pleased with the inclusion in Senator Reid’s draft Extenders legislation of a provision that would extend the higher tax credit rate for historic rehabilitation expenditures incurred on projects located in the Gulf Opportunity (GO) Zone.

Representatives of the National Council of Affordable Housing Market Analysts (NCAHMA) and the National Housing & Rehabilitation Association met with key officials of the U.S. Department of Housing Department (HUD) on February 5 to discuss planned changes to its Federal Housing Administration (FHA) multifamily mortgage insurance programs and ways to enhance them from a market study perspective.

NH&RA’s New Markets Tax Credit Council has welcomed Senate Majority Leader Harry Reid’s introduction last week of Extenders legislation, which includes a provision that would renew the federal new markets tax credit program through 2010.

Members of NH&RA’s New Markets Tax Credit Council recently convened to discuss and prioritize topics to address with key representatives of the Community Development Financial Institutions (CDFI) Fund and U.S. Government Accountability Office (GAO).

The law firm Nixon Peabody LLP reported on February 22 that all HUD Multifamily HUB and Program Centers will be allowed to recommend waivers of certain portions of the Section 8 Renewal Policy Guide and regulations to headquarters.

Joe Hagan, president and CEO of the National Equity Fund, Inc., is the new president of the Affordable Housing Tax Credit Coalition (AHTCC).

The Indiana Housing and Community Development Authority (IHCDA) recently submitted to the United States Department of Energy (DOE) its Weatherization Assistance Program plan, which provides details on the administration and finance of the program.

On Wednesday, Ted Tozer was sworn in as the President of the Government National Mortgage Association (Ginnie Mae).

The Delaware State Housing Authority (DSHA) announced this week that it will offer approximately $2.5 million in federal housing tax credits to affordable rental developers. Applications will be accepted until April 9, 2010.

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.