News

Nebraska Investment Finance Authority announced a public hearing regarding the 2014 QAP on October 8, 2013 at 10:00 am .

WASHINGTON, DC, September 20 — A boutique hotel and restaurant that was once a Pabst Blue Ribbon brewery, a vacant elementary school converted to twenty-seven senior affordable apartments designated for retired teachers and school administrators, and a former furniture warehouse converted to 104 market-rate loft apartments are among the imaginative and innovative rehabilitation projects to be honored with the 2013 J. Timothy Anderson Awards for Excellence in Historic Rehabilitation (“Timmy Awards”).

U.S. House Representative Jim McDermott (D-WA) recently introduced H.R. 3145 to amend Section 42 of the Internal Revenue Code of 1986 as it relates to homeless youth and veterans.

HUD recently released Notice H 2013-27 to all Multifamily Hub Directors announcing the annual base city High Cost Percentage (HCP) and High Cost Area revisions for 2013.

HUD has published its quarterly notice of all regulatory waivers that the Department has approved for the Office of Community Planning and Development, the Office of Housing ““ Federal Housing Administration (FHA), and the Office of Public and Indian Housing.

HUD recently published a Notice in the Federal Register establishing operating cost adjustment factors (OCAFs) for Section 8 Housing Assistance Payment (HAP) contract renewals.

The Internal Revenue Service (IRS) recently published Revenue Procedure 2013-31, which details the amounts of unused Low-Income Housing Tax Credit (LIHTC) carryovers allocated for calendar year 2013.

The Michigan State Housing Development Authority (MSHDA) has released an updated draft of the MSHDA Gap Financing Program. MSHDA is currently accepting comments on the draft and there will be a presentation at the MSHDA Board meeting on September 25, 2013. The intention of program update is to address concerns of the competitive nature of the program.

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.