General News

HUD has issued a notice designating its annual “Difficult Development Areas” (DDAs) and “Qualified Census Tracts” (QCTs) for purposes of the Low-Income Housing Tax Credit (LIHTC).

The New York State New York State Department of Taxation and Finance (Office of Counsel) has issued a guidance letter concerning the recently enacted New York State Commercial Historic Tax Credit.

The Nevada Housing Division has published its final project criteria and program procedures for its low-income housing tax credit exchange program.

The Mississippi Home Corporation (MHC) has released a summary of proposed revisions to its 2010 qualified allocation plan (QAP) for its low-income housing tax credit program.

The Massachusetts Department of Housing and Community Development (DHCD) has amended its Tax Credit Exchange Program guidelines, effective September 25, 2009.

The Illinois Housing Development Authority recently released the initial draft of its 2010 qualified allocation plan (QAP) for administering the low-income housing tax credit program.

The Arkansas Development Finance Authority has released its final 2009 Multifamily Housing Minimum Design Standards for projects receiving low-income housing tax credits.

The United States Senate passed the FY-2010 the Transportation, Housing and Urban Development (THUD) appropriations bill (HR 3228) provides $45.8 billion to HUD. The measure now awaits consideration by a conference committee to reconcile the differences between the House and Senate passed versions of the measure.

National Housing & Rehabilitation Association is pleased to announce that the recipients of the Sixth Annual Vision Awards for lifetime achievement in affordable housing are Lisa B. Alberghini, president of the Planning Office for Urban Affairs, Inc. and David A. Smith, CEO of CAS Financial Advisory Services.

The US House or Representatives passed the “FHA Multifamily Loan Limit Adjustment Act of 2009″ (HR 3527) on a voice vote on September 15. The measure was passed unanimously under a suspension of House rules and thus did not go through the typical committee process.

HUD Deputy Assistant Secretary for Public Housing Investments Dominique Blom will be delivering one of the Keynote Addresses at this year’s NH&RA Fall Developers Forum in Boston, November 2-3 at the Taj Hotel. Secretary Blom oversees HUD’s Urban Revitalization – HOPE VI Division as well as its Capital Program Division. Secretary Blom is also playing a leadership role in the design of the Choice Neighborhoods Initiative (CNI), a program proposed in President Obama’s FY-2010 Budget.

NH&RA is conducting a short survey of its members regarding their TCAP and/or Exchange Transactions.