General News

Tax Credit Advisor ““ August 2009 ““ Built on a former U.S. Navy housing site, this new low-income housing tax credit development in Long Beach, Calf. called Family Commons at Cabrillo, provides affordable apartments and access to a range of supportive services to formerly homeless individuals and families, with special attention given to disabled war veterans.

U.S. Housing and Urban Development Secretary Shaun Donovan has named Barbara Sard his Senior Advisor for Rental Assistance.

The U.S. Department of Housing and Urban Development recently announced that Shelley Poticha has been appointed Senior Advisor for Sustainable Housing and Communities.

The U.S. Department of Housing and Urban Development recently released updated guidance for the Tax Credit Assistance Program (TCAP), provided by the American Recovery and Reinvestment Act of 2009.

The U.S. Department of Housing and Urban Development has issued a new notice (H 09-08) that gives HUD Multifamily Hub Offices temporary authority to grant waivers of the standard “three-rule rule” for projects applying for HUD Section 223(f) multifamily mortgage insurance.

The U.S. Department of Housing and Urban Development has released new Comprehensive Housing Market Analysis reports for Mobile, Ala.; St. George, Utah; and Grand Junction, Colo.

The U.S. Department of Housing and Urban Development (HUD) on July 29 issued new guidance to further clarify and ease the use of FHA multifamily mortgage insurance for projects that utilize low-income housing tax credits or tax-exempt financing.

The U.S. Department of Housing and Urban Development has released its proposed 2010 Fair Market Rents.

The U.S. Treasury Department recently announced that it is accepting applications for the Section 1603 program, provided by the American Recovery and Reinvestment Act (ARRA).

RentGrow, a Massachusetts-based resident screening firm, recently released a report entitled “Trends in Applicant Traffic and Quality,” which shows a decline in the number of applicants communities are processing per apartment.

The Government Accountability Office (GAO) recently conducted a report to study the impact of the Community Development Block Grant (CDBG) disaster program in Louisiana and Mississippi.

Dr. Raphael Bostic has been sworn in as the Assistant Secretary for Policy Development and Research at the U.S. Department of Housing and Urban Development. He was confirmed by the U.S. Senate on July 10, 2009.