General News
Rhode Island Organization Publishes 2009 Affordable Housing “˜Fact Book’
HousingWorks RI, a membership organization dedicated to affordable housing improvements throughout Rhode Island, recently released its 2009 Fact Book, which details the current state of affordable housing in Rhode Island.
“Rep. Frank Introduces Legislation to Use TARP Dividends For Housing Trust Fund”
House Financial Services Committee Chairman Barney Frank (D-Mass.) introduced legislation (HR 3068) that would that would send $2.5 billion in TARP dividends to housing programs created by the last Congress and dedicate $4 billion of what remains from the original $700 billion in TARP funding to other efforts to help struggling homeowners.
HUD Announces First Round of TCAP Awards
U.S. Department of Housing and Urban Development Secretary Shaun Donovan yesterday announced that HUD has approved requests from 26 states for over $1 billion in funding through the Tax Credit Assistance Program (TCAP), provided by the American Recovery and Reinvestment Act of 2009 (ARRA).
“HUD Publishes Notice Excluding Veterans Benefits From Annual Income”
On June 18, 2009, an updated version of Housing Notice 09-03 Exclusion of Deferred Department of Veterans Affairs Disability Benefits from Annual Income was posted on HUDCLIPS.
“Michigan Issues Multiple Tax Credit Updates”
Michigan State Housing Development Authority has issued a number of updates pertaining to the tax credit program:
“Oregon Legislature Passes Housing Bill & Budget”
The Oregon State Legislature sent HB 5019, the Oregon Housing and Community Services budget, to the Governor.
“Harvard Releases The State of the Nation’s Housing 2009 Report”
The Harvard Joint Center for Housing Studies has released its The State of the Nation’s Housing 2009 report. This annual report looks at housing markets, demographic drivers, homeownership, rental housing, and housing challenges.
HUD Publishes Report on U.S. Housing Inventory
The U.S. Department of Housing and Urban Development’s Office of Policy Development and Research has published a series of reports as components of its American Housing Survey that describe changes in the nation’s housing inventory and rental markets from 2005-2007.
HUD Assistant Secretary Confirmed
Mercedez Marquez has been confirmed as the Assistant Secretary at the U.S. Department of Housing and Urban Development.
Idaho Schedules 2009 Housing Conference
The Idaho Housing Finance Authority will join Barclays Capital, Wells Fargo and Bank of America to offer the 2009 Conference on Housing, scheduled for October 19-20 in Boise, Idaho.
Maine Issues Guidance on Tax Credit Exchange Program
The Maine State Housing Authority has released guidance on the Section 1602 Tax Credit Exchange Program, provided by the American Recovery and Reinvestment Act (ARRA).
Arkansas Establishes State Historic Tax Credit
Tax Credit Advisor, May 2009: Arkansas Gov. Mike Beebe has signed a bill (HB 1953) creating a state historic rehabilitation tax credit. Arkansas reportedly is the 30th state with a state historic tax credit.