General News

The U.S. House of Representatives House Financial Services Oversight and Investigations Subcommittee recently held a hearing about reducing waste, fraud, and abuse at HUD.

The U.S. Department of Agriculture’s (USDA) Rural Housing Service (RHS) recently published a proposed rule in the Federal Register to establish new regulations to implement its Rural Development Voucher Program (RDVP) as a permanent program.

New Jersey Governor Chris Christie recently announced a new statewide initiative, the Strong NJ Neighborhood and Community Revitalization (NCR) program which will offer financial assistance to support development and public improvement projects; main street revitalization; and Community Development Financial Institutions (CDFIs) providing loans to small businesses.

The Fair Housing Justice Center (FHJC) released a report entitled Choice Constrained, Segregation Maintained: Using Federal Tax Credits to Provide Affordable Housing that examines the location of affordable housing / Low Income Housing Tax Credit (LIHTC) properties and how where the housing is located can perpetuate segregation.

The Wyoming Community Development Authority (WCDA) will conduct a public hearing on September 20, 2013 at 2:00 pm to solicit comments for the 2014 Wyoming QAP.

The Connecticut Housing Finance Authority for an Overview Session for the 2013 competitive 9% Low-Income Housing Tax Credit round on September 16, 2013 from 9:00 am to 11:00 am.

HUD’s Office of Multifamily Housing recently published Notice H 2013-25 establishing updated procedures for the optional continuation of Interest Reduction Payment (IRP) assistance when projects assisted under Section 236 are refinanced.

The Internal Revenue Service (IRS) has released it latest LIHC Newsletter, which provides a forum for information about Section 42, the Low-Income Housing Tax Credit (LIHTC), and communicates technical knowledge and skills, guidance, and assistance for developing LIHTC properties.

HUD submitted a notice in the Federal Register requesting comments on technical processing requirements for multifamily project mortgage insurance.

The Department of Treasury’s Internal Revenue Service (IRS) recently invited public comments on carryover allocation documents, election statements, and binding agreements related to Low-Income Housing Tax Credit (LIHTC) and Section 42 utility allowance regulations.

The Community Development Financial Institutions (CDFI) Fund today invited public comment concerning the annual Community Investment Impact System (Annual CIIS Report) required from Community Development Financial Institutions (CDFIs) and Community Development Entities (CDEs) participating in CDFI Fund programs including the New Markets Tax Credit (NMTC) program.

Utah Governor Gary R. Herbert approved the 2014 Utah Qualified Allocation Plan (QAP) on August 20, 2013