General News
Washington Proposes Changes to 2010 LIHTC Policies, Schedules Hearing
The Washington State Housing Finance Commission recently issued a memorandum summarizing proposed revisions to its low-income housing tax credit program policies for 2010.
Maryland Postpones October Funding Round
The Maryland Department of Housing and Community Development recently announced that it will postpone its scheduled October 2009 competitive funding round until early 2010, with applications due in February ““ an exact due date will be determined at a later date.
California Issues Additional Guidance On TCAP Environmental Requirements
The California Tax Credit Allocation Committee has issued a notice entitled, “Tax Credit Assistance Program (TCAP) Environmental Requirements & Guidance.”
Tennessee Releases Environmental Review Forms for TCAP
The Tennessee Housing Development Agency has made available various environmental review forms for qualified applicants seeking funding under the Tax Credit Assistance Program (TCAP), provided by the American Recovery and Reinvestment Act.
New Mexico Releases Draft 2010 QAP
The New Mexico Mortgage Finance Authority has released a draft of its 2010 qualified allocation plan for the low-income housing tax credit (LIHTC) program and will accept comments regarding the draft QAP until September 28.
New Hampshire Releases Draft 2010 QAP
The New Hampshire Housing Finance Authority recently released its draft 2010 qualified allocation plan (QAP) for administering the federal low-income housing tax credit (LIHTC) program.
U.S. Green Building Council Launches Building Performance Initiative
The U.S. Green Building Council (USGBC) recently announced the launch of its new Building Performance Initiative, which will collect and analyze performance data about LEED-certified buildings.
HUD Announces $96 Million in Public Housing Grants
U.S. Department of Housing and Urban Development Director Shaun Donovan recently announced $96 million in grants to 15 public housing authorities across the country to make substantial improvements to thousands of public housing units.
Treasury Announces First Round of Funding Under Renewable Energy Production Program
U.S. Treasury Secretary Tim Geithner and Energy Secretary Steven Chu recently announced $502 million in the first round of awards from the Section 1603 program created by the Recovery Act.
HUD Mortgagee Letter Encourages the Use of Housing Tax Credits with FHA-Insured Loans
The Law Firm Nixon Peabody LLP recently issued an Affordable Housing Alert on a recent HUD Mortgagee Letter. The letter implements changes to facilitate using Low-Income Housing Tax Credits with FHA loans.
HUD Issues Multiple Multifamily NOFAS
HUD has issued Notice of Funding Opportunities for the following programs:
California Schedules Hearing for LIHTC and ARRA
The California Tax Credit Allocation Committee will hold a public hearing on September 17 in Sacramento.