General News

In what is being billed as his last speech, Treasury Secretary Henry M. Paulson Jr. delivered thoughts on the future of Fannie Mae and Freddie Mac.

The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) will be conducting a series of conference calls regarding CDFI Certification. These calls will serve as a forum for potential certification applicants to ask questions of CDFI Fund staff about becoming a certified CDFI. CDFI certification allows applicants to apply for Financial Assistance through the CDFI Program as well as apply for New Markets Tax Credits.

The U.S. Department of Housing and Urban Development (HUD) on December 22 issued a proposed rule to govern the sale of HUD-held single family homes and mortgage assets in designated revitalization areas .

The Alabama Housing Finance Authority recently published a final qualified allocation plan (QAP) for its 2009 low-income housing tax credit program. 

The Colorado Housing and Finance Authority has released its final 2009 QAP and application for its low-income housing tax credit program.

In a new paper commissioned by the Massachusetts Housing Partnership (MHP, www.mhp.net), based on a survey of stakeholders in Massachusetts and other states, the firm Recap Advisors recommends 10 strategic steps that state housing credit agencies should take to most effectively allocate their 2009 low-income housing tax credits in the current troubled LIHTC equity environment.

The U.S. Department of Housing and Urban Development has issued a new comprehensive housing market analysis report for Fort Worth, TX.

The Federal Emergency Management Agency (FEMA) has announced the execution of an Interagency Agreement (IAA) between FEMA and the U.S. Department of Housing and Urban Development (HUD) to establish a grant program called “Disaster Housing Assistance Program (DHAP)- Ike” for Hurricanes Ike and Gustav.

The U.S. Department of Housing and Urban Development (HUD) has issued a notice that reiterates its policies governing Departmental waiver of HUD regulations and directives during a period of Administration transition.

The Internal Revenue Service has issued a proposed rule relating to conduit financing arrangements.

The U.S. Department of Housing and Urban Development (HUD) is soliciting comments by January 21 on a proposed template it has developed to be used by HUD multifamily housing program participants to submit financial data electronically.

The four federal banking regulators on December 22 issued a joint final rule to amend their Community Reinvestment Act (CRA) regulations.