News

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.

Two new California state laws aim to open opportunities for low-income families to benefit from energy efficiency investments. One law will provide funding for solar installations in multifamily affordable housing developments. The other will study obstacles faced by low-income families pursuing energy efficiency investments.

HUD established operating cost adjustment factors (OCAFs) for certain project-based assistance contracts with an anniversary date on or after February 11, 2016.

HUD updated the Rental Assistance Demonstration program Project-Based Rental Assistance Quick Reference Guide. The updated guide provides information on continuing Family Self Sufficiency (FSS) programs at PBRA properties.