General News

The U.S. Department of the Treasury on July 10 announced $486 million in American Recovery and Reinvestment Act (ARRA) funding to spur the development of affordable housing units through its Section 1602 Tax Credit Exchange Program.

The U.S. Department of the Treasury on July 9 released additional guidance with regards to the Recovery Act’s Section 1602 Exchange Program, which provides grants to states for housing projects in lieu of low-income housing tax credits for 2009.

The Alabama Housing Finance Agency (AHFA) has released additional application forms for its Section 1602 Tax Credit Exchange and Tax Credit Assistance Programs (TCAP).

U.S. Department of Housing and Urban Development Secretary Shaun Donovan recently announced $1.8 million in Community Development Block Grant funding to Birmingham, Alabama through the American Recovery and Reinvestment Act.

The U.S. House of Representatives’ Financial Services Committee convened today to markup proposed legislation, H.R. 3045, to reform the housing choice voucher program under section 8 of the United States Housing Act of 1937.

HUD’s Office of Policy Research and Development has published a comprehensive housing market analysis report for the Des Moines, Iowa area.

The Ohio Department of Development recently announced that it is accepting applications for the third round of its Historic Preservation Tax Credit program as of July 1.

The Wisconsin Housing and Economic Development Authority has released final guidance regarding its Section 1602 Tax Credit Exchange Program and its Tax Credit Assistance Programs (TCAP).

The U.S. House of Representatives’ Appropriations Committee yesterday (July 6) passed H.R. 2997, the U.S. Department of Agriculture (USDA) Funding Bill, which appropriates funds to the nation’s rural housing programs.

The Obama Administration has begun nominating individuals to serve as State Director for Rural Development for the U.S. Department of Agriculture (USDA).

The Federal Housing Finance Agency (FHFA) has issued a notice of intent to establish three new systems of records involving the Federal Home Loan Bank System Directory, the Financial Management System, and the Correspondence Tracking System.

The U.S. Department of Housing and Urban Development’s Office of Policy Development and Research has published a comprehensive housing market analysis report for the Chattanooga, Tennessee-Georgia area through its website, www.huduser.org.