News

According to a recent alert from NixonPeabody, the Bipartisan Budget Act of 2015 includes partnership audit reforms.

Enterprise will offer guidance on engaging members of Congress to restore funding to the HOME program through a series of statewide and national webinars. The Senate Appropriations Committee’s proposed cuts to HOME would essentially defund the program.

WinnDevelopment is transforming the historic former Malden Mills manufacturing site into affordable housing. WNC, which provided approximately $12.7 million in low-income housing tax credit (LIHTC) equity to fund the adaptive reuse project, announced the completion of Malden Mills Phase II – Loft Five50, comprised of 62 units of affordable housing in Lawrence, Mass.

AIA is seeking entries to its AIA/HUD Secretary’s Awards and AIA Housing Awards. Entries to both are due November 20.

The Congressional Budget Office released an updated guide to federal housing programs, entitled Federal Housing Assistance for Low-Income Households (September 2015). For the first time, the guide includes the Rental Assistance Demonstration program.

According to the report, states and communities have invested $26 billion in HOME funds–leveraging an additional $117 billion in public and private resources–to build or preserve nearly 1.2 million affordable homes and provide direct rental assistance to 270,000 families at risk of homelessness since 1992.

The LIHTC and bond caps are the greater of $2.35 and $100, respectively, being multiplied by the state’s population, or a predetermined amount. The notice also indicates that rehabilitation expenditures will be treated as a separate new building.

The U.S. Department of the Treasury’s Community Development Financial Institutions Fund released the Notice of Allocation Availability for the calendar year 2015 round of the New Markets Tax Credit Program. Applications are due December 16.

After months of back-and-forth with the affordable housing community about proposed changes to tax credit regulations, the California Tax Credit Allocation Committee posted its final proposed version.

House Financial Service Committee Chair Jeb Hensarling (R-TX) is looking for ways to improve HUD programs and USDA rural housing programs. Feedback is due Nov 1.

WNC announced that 20-year affordable housing veteran Wendy Yan has been promoted to vice president of underwriting.

Affordable housing CA State Governor Brown says no to affordable housing bills. TCAC proposes changes to the LITHC program. CohnRezick examines the potential impacts for California.