News

A recent memo from the Ben Metcalf, Deputy Assistance Secretary for Multifamily Housing at HUD outlines three changes to its transformation plan.

U.S. Housing and Urban Development Secretary Shaun Donovan recently announced that President Barack Obama appointed Bill Block as the new HUD Regional Administrator for Region X, which includes the states of Alaska, Idaho, Oregon and Washington.

The U.S. Department of Housing and Urban Development recently released updated designated Difficult Development Areas (DDA) and Qualified Census Tracts (QCT) for the purposes of the 2014 low-income housing tax credit program.

All conference materials, PowerPoint presentations, relevant articles, reports, memos, etc. from the 2013 Fall Forum are available below under the relevant session titles. Click below to learn more about the topics that were covered at the meeting!

HUD’s Office of Public Housing Investments (OPHI) has released a memo informing stakeholders of the schedule for processing mixed-finance projects intending to close by the end of the 2013 calendar year. Parties wishing to close a mixed-finance project by December 31 must adhere to the submission schedule outlined in the memo.

The U.S. Department of Agriculture Rural Development has issued an unnumbered letter (UL) clarifying underwriting guidance for Transfer and Multi-Family Housing Preservation and Revitalization (MPR) loans and grants.

HUD has announced the funding awards for the Section 811 Project Rental Assistance Demonstration Program, providing project based rental assistance funds to state housing finance agencies to award and administer to multifamily rental properties.

A former Sears Department Store built in the 1920s converted to loft-style apartments and an affordable grocery market in Pontiac, Michigan; the Chicago Viceroy Hotel adapted to affordable green apartments with urban farming; and the NSO Bell Building in Detroit, Michigan which combined multiple federal and state housing funding programs to create commercial office space and 155 affordable housing units were the three Judges’ Award winners for the 2013 J. Timothy Anderson Awards for Excellence in Historic Rehabilitation (Timmy Awards).

Jack Manning, co-founder of Boston Capital, the largest owner/ investor in apartment housing in America and a pioneer in government advocacy for affordable housing, and Vincent F. O’Donnell, spearhead of a national initiative to save at-risk affordable housing in America, have been awarded the 2013 and 10th Annual Affordable Housing Vision Awards by National Housing & Rehabilitation Association. Popular innovators and visionaries, Mr. Manning and Mr. O’Donnell were recognized for their years of dedication, stewardship, and professional contributions in the affordable housing and community development industry at a ceremony in Boston on November 13.

Washington, DC—November 19, 2013—Jack Manning, co-founder of Boston Capital, the largest owner/ investor in apartment housing in America and a pioneer in government advocacy for affordable housing, and Vincent F. O’Donnell, spearhead of a national initiative to save at-risk affordable housing in America, have been awarded the 2013 and 10th Annual Affordable Housing Vision Awards by National Housing & Rehabilitation Association.

The Internal Revenue Service (IRS) announced in Revenue Procedure 2013-35 that it has set the inflation-adjusted State credit ceiling for the Low-Income Housing Tax Credit (LIHTC) program and private activity bond caps for calendar year 2014.

Washington State Housing Finance Commission (WSHFC) posted policies and materials needed to their website. The deadline to submit requests for pre approvals for the 2014 9% Housing Credit Round is Friday, November 15, 2013 at 5:00 pm. The 9% application deadline is January 17, 2014.