General News

President Obama has announced his intention to nominate Dallas P. Tonsager to be Under Secretary of Agriculture for Rural Development, which administers federal rural housing programs.

The U.S. Department of Housing and Urban Development (HUD) has issued a notice that identifies the recipients, allocation amounts, and requirements for the new Homelessness Prevention and Rapid Re-Housing Program (HPRP) established by the economic stimulus act.

The U.S. Department of Housing and Urban Development (HUD has published a notice soliciting public comments by 5/29/9 regarding a new data collection requirement under the low-income housing tax credit (LIHTC) program.

Donald E. Cardon has been named as the new Director of the Arizona Department of Housing. Prior to his appointment, Cardon served as President and CEO of Cardon Development Group, LLC, a low-income housing tax credit development firm.

The U.S. Department of Housing and Urban Development (HUD) has delayed, to September 30th, of the effective date for a final rule entitled, “˜”˜Refinement of Income and Rent Determination Requirements in Public and Assisted Housing Programs.”

President Barack Obama has nominated Helen R. Kanovsky to be General Council of HUD. Kanovsky is currently the chief Operating Officer of the AFL-CIO Housing Investment Trust.

The Wisconsin Housing and Economic Development Authority today waived its low-income housing tax credit (LIHTC) program’s July 2009 “start date” rule for 2008 allocations due to tight equity markets that have caused delayed closings and construction starts for many 2008 allocatees.

The Michigan State Housing Development Authority has published a draft implementation plan for the new low-income housing tax credit exchange program and gap financing program (Tax Credit Assistance Program) established by the American Recovery and Reinvestment Act (ARRA).

The Community Development Financial Institutions (CDFI) Fund today released an amended Notice of Allocation Availability (NOAA) for the 2009 round of the New Markets Tax Credit (NMTC) Program.

President Barack Obama recently announced his intent to nominate Raphael Bostic as Assistant Secretary for Policy Development and Research at the U.S. Department of Housing and Urban Development.

The California Tax Credit Allocation Committee will hold public hearings on March 24 (Los Angeles), March 25 (Sacrament) and March 26 (Oakland) to discuss proposed amendments to the Low Income Housing Tax Credit Qualified Allocation Plan.

HUD has released the estimated median family incomes (MFIs) and income limits for Fiscal Year (FY) 2009. MFIs are used as the basis for income limits in several HUD programs (including the Public Housing, Housing Choice Voucher, CDBG, and HOME programs), as well as in programs run by the Department of Agriculture, the Department of Treasury, the Federal Deposit Insurance Corporation, the Federal Housing Finance Agency, and Government Sponsored Enterprises.