News

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.

HUD’s Office of Multifamily Housing Programs published a Notice in the Federal Register to solicit comments about a proposal for an initiative which will help facilitate financing of small, multifamily buildings. HUD’s intent is to implement the Small Multifamily Building Risk Share Initiative directed to facilitating the financing of small multifamily properties.

North Dakota Housing Finance Agency (NDHFA) will hold a public hearing regarding the proposed changes to the 2014 North Dakota QAP on November 4, 2013 at 10:00 AM.

Michigan State Housing Development Agency (MSHDA) posted comments from the October 25, 2013 Public Hearing on their website.

The U.S. House of Representatives on Monday, October 28 passed a number of veteran’s affairs bills, including the Vulnerable Veterans Housing Reform Act of 2013 (HR 1742) which would broaden disabled veterans’ income eligibility for federal rental assistance and public housing programs.

Ben Metcalf, the current Deputy Assistant Secretary (DAS) of HUD’s Office of Multifamily Housing recently announced that Margaret Salazar has been selected as the Associate Deputy Assistant Secretary where she will lead the Office of Affordable Housing Preservation (OAHP).

HUD recently announced that the agency will provide a second round of recovery funds to five states and New York City affected by last year’s Hurricane Sandy through the Community Development Block Grant (CDBG) program. These recovery funds are to be used to assist impacted communities to meet remaining housing, economic development and infrastructure needs.