General News

HUD Secretary Shaun Donovan announced that President Barack Obama has appointed Carol Galante as Deputy Assistant Secretary for Multifamily Housing Program.

Treasury Department’s Community Development Financial Institutions (CDFI) Fund is releasing its implementation plan to award funds from the the American Recovery and Reinvestment Act (Recovery Act). The New Markets Tax Credit portion of the plan provides details on how an additional $1.5 billion in NMTC allocation authority will be provided to applicants who applied for NMTC allocation authority under the 2008 application round.

The U.S. Department of Housing and Urban Development has announced that it will consider, on a case-by-case basis, requests from public housing agencies (PHA) to project-base HUD Veterans Affairs Supportive Housing program vouchers.

The Housing Assistance Council (HAC) has published a 2008 year-end report of the U.S. Department of Agriculture’s rural housing development programs.

The Delaware State Housing Authority has issued a notice of guidance related to the housing stimulus provisions contained in HR 1: The American Recovery and Reinvestment Act.

The U.S. Department of Housing and Urban Development’s Office of Policy Development and Research recently published its U.S. Housing Market Conditions report for the fourth quarter of 2008.

The following is an excerpt from February 15, 2009 HUD Press Release

WASHINGTON ““ The U.S. Department of Housing and Urban Development (HUD) today allocated nearly 75 percent of its funding, or $10.1 billion, made available through the American Recovery and Reinvestment Act of 2009. The Recovery Act includes $13.61 billion for projects and programs administered by HUD, 75 percent of which was allocated to recipients today ““ only one week after President Obama signed the Act into law.

The Office of the Comptroller of the Currency (OCC) has published a Community Developments Insights report that describes how banks and their partners in the community are working to dispose of foreclosed properties in creative ways that will preserve affordable housing opportunities and stabilize communities.

The U.S. Department of Housing and Urban Development (HUD) has published a notice describing the regulatory waiver requests it granted during the fourth quarter of 2008

Minnesota Housing has issued a notice outlining proposed revisions to its qualified allocation plan (QAP) and procedural manual for its 2010 low-income housing tax credit program.

The California Tax Credit Allocation Committee (TCAC) and the California Debt Limit Allocation Committee (DLAC) have published joint market study guidelines for their 2009 low-income housing tax credit and tax-exempt bond allocation programs.

Arkansas State Rep Robert Moore has introduced a bill (HB 1953) that would create an Arkansas state historic rehabilitation tax credit.