General News
House Approves National Consumer Cooperative Bank for CDFI Funding
The U.S. House of Representatives has passed H.R. 1674, which establishes the National Consumer Cooperative Bank as a certified Community Development Financial Institution (CDFI).
House Passes Veterans’ Housing Legislation
The House of Representatives recently passed by a 417-2 vote the Homes for Heroes Act of 2009 (H.R. 403), which makes housing rental vouchers available to all homeless veterans and includes veterans in public housing planning programs.
Donovan Proposes FY 2010 Budget
Yesterday U.S. Department of Housing and Urban Development Secretary Shaun Donovan announced HUD’s proposed fiscal year 2010 budget. The budget represents a renewed commitment to multifamily housing, interagency partnerships and program transparency.
IRS Soliciting Comments on NMTC Equity Form
The Internal Revenue Service is soliciting comments by August 10 on IRS Form 8874, which is completed and submitted by investors to report equity investments made in community development entities (CDEs) under the federal new markets tax credit (NMTC) program.
New York Publishes State Wide Affordable Housing Needs Study
The New York Department of Housing and Community Renewal (DHCR) has published a report, Statewide Affordable Housing Needs Study under its Office of Policy Research and Development.
Ohio Releases Documents on 2010 QAP, Accepting Comments
The Ohio Housing Finance Agency has released several draft policy documents with respect to its upcoming 2010 qualified allocation plan for the low-income housing tax credit (LIHTC) program.
Ohio Releases ARRA Application Procedures and Underwriting Guidelines
The Ohio Housing Finance Agency has released application procedures and underwriting guidelines for its low-income housing tax credit assistance and tax credit exchange programs.
California Releases ARRA Program Applications for Projects with State Tax Credits
The California Tax Credit Allocation Committee has released applications for projects that received a previous allocation of low-income housing tax credits (LIHTC), with state tax credits, for tax credit assistance (TCAP) and exchange program funding provided by the American Recovery and Reinvestment Act (ARRA).
Alabama Amends 2009 QAP to Allow ARRA Funds for GO Zone
The Alabama Housing Finance Authority has issued a notice of amendment to its low-income housing tax credit program’s 2009 qualified allocation plan (QAP).
HUD Publishes Market Analysis Report for Spartanburg, SC
The U.S. Department of Housing and Urban Development’s (HUD) Office of Policy Development and Research has released a Comprehensive Housing Market Analysis report for the Spartanburg, South Carolina area.
HUD Provides TCAP Q&A Documents
HUD has issued a new set of Q&As for the Tax Credit Assistance Program (TCAP) Program.
DOE Extends Comment Period, Announces Hearing on Weatherization Rules
The U.S. Department of Energy has extended the comment period until July 6, and announced a public hearing for June 18 (also available as a conference call) on proposed regulations it issued on May 21 regarding DOE’s Weatherization Assistance Program (WAP).