News

The Emerging Issues Task Force (EITF) of the Financial Accounting Standards Board recently approved and finalized proposed accounting standards for investments in a qualified affordable housing project which many believe will ultimately increase the flow of capital to affordable housing.

North Carolina has released the final 2014 Qualified Allocation Plan (QAP). The preliminary application for 2014 Housing Credits is also now available and the application (electronic and hard copy) is due by noon on January 24, 2014.

The Council for Energy Friendly Affordable Housing (CEFAH), an affiliate of the National Housing & Rehabilitation Association, has released a white paper outlining critical recommendations to improve the energy performance of the nation’s affordable housing portfolio. CEFAH will be presenting it recommendations at its Annual Meeting on March 12, 2009 at the Ocean Reef Club in Key Largo, Florida.

The Texas Department of Housing and Community Affairs (TDHCA) has posted several items related to the Department’s Multifamily programs, including application materials and guidance.

The Louisiana Housing Corporation (LHC) is sponsoring a Rental Assistance Demonstration (RAD) Workshop on Thursday, December 12, 2014 at 9:30 AM. The workshop will cover, but is not limited to, a brief overview of the RAD Program, LHC Participation, and recommended ways to utilize 4% Low Income Housing Tax Credits and Multifamily Mortgage Revenue Bonds. LHC strongly recommends that interested developers, consultants, and Louisiana Public Housing Authorities attend this meeting.

Kentucky Housing Corporation (KHC) has been working on a new initiative known as KHC 20/20. KHC 20/20 is the strategic plan and remodeling of KHC leadership with overall goals of creating a more streamlined, efficient program and generating new housing products to strengthen the network of partnerships.

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.