General News

Compilation of State Housing Finance Agency, QAP, LIHTC, Gap Financing and other news for the week of November 17, 2014.

Florida Housing Finance Corporation (Florida Housing) is testing a new initiative to fund the renovation and retrofit of an older senior rental property in its portfolio to make it more supportive and user-friendly for the existing elderly residents so that they can better “age in place.”

NH&RA announced today who will speak at the 2014 NCHMA Annual Meeting panel sessions. Twenty two experts from across the country will come together for a series of information-packed, thought-provoking sessions, which will focus on a variety of topics, delving into the newest developments and looking back at lessons learned.

HUD recently announced a new application round for the Choice Neighborhoods Implementation Grants. Choice Neighborhoods Implementation Grants support the implementation of comprehensive neighborhood revitalization plans that are expected to achieve the following three core goals…

On November 5, 2014, HUD’s Office of Multifamily Housing and the Office of Field Policy and Management hosted an official kick-off event to celebrate the new Multifamily Southwest Region.

Across much of the country, apartment communities developed with federal tax credits are frequently plain vanilla – simple, high-quality affordable garden-style complexes or mid-rises for families and seniors.

With just two months remaining, it appears 2014 will turn out to be a banner year for the low-income housing tax credit (LIHTC) market in terms of the total volume of equity raised, even as syndicators are being squeezed on profitability, and yields on multi-investor funds continue to fall.

Collection of State Housing Finance Agency from across the nation for the week of October 27.

HUD and the U.S. Census Bureau recently released the results of the 2013 American Housing Survey (AHS), marking the 40th year the survey has taken a detailed look at the U.S. housing stock including detailed information on housing costs and quality.

HUD has released an initial progress report on the Rental Assistance Demonstration (RAD). This report examines how RAD has transformed the public housing landscape and the new opportunities RAD has created for PHAs to improve the physical and financial condition of public housing as well as how RAD has helped PHAs preserve units over the long term and the program’s impact on residents.

Providing housing and its resultant community benefits not just as an occupation, but as the means to sustaining the American dream, was the theme that ran throughout the emotional October 6th ceremony in Boston honoring Andrea Daskalakis and David Abromowitz as winners of National Housing & Rehabilitation Association’s 2014 Affordable Housing Vision Awards for Career Achievement.

Among the 28 project, program, and service 2014 MFE Projects of the Year award winners includes four NH&RA member firms.