News

The National Park Service’s Technical Preservation Services recently announced a new series of free monthly educational webinars focusing on the historic tax credit program, the Secretary’s Standards for the Treatment of Historic Properties, technical preservation issues and other preservation-related subjects.

On July 2, 2013 HUD issued its “Notice of Senior Preservation Rental Assistance Contracts Award Process” (Notice), which specifies the process by which HUD will award Senior Preservation Assistance Contracts (SPRACs). The Notice also starts the application process, and solicits applications for a period of 60 days.

The Community Development Financial Institutions (CDFI) Fund recently released updated data on New Markets Tax Credit (NMTC) projects

Harvard University’s Joint Center for Housing Studies (JCHS) recently released the 2013 edition of its State of the Nation’s Housing report, which indicates positive housing market growth and an inclination that the housing recovery is well underway.

HUD recently announced that the Office of Multifamily Housing will launch a centralized processing model for the majority of Section 236 preservation activity through the Office of Affordable Housing Preservation (OAHP) in HUD Headquarters.

Please note that our website will be undergoing site maintenance beginning at 5:00 pm EST on July 1. Some features including login and conference registration will be disabled during this period. Full service will return on July 2. Sorry for the inconvenience and thank you for your patience.

The Housing Authority of Baltimore City (HABC) requests qualifications from experienced low-income housing developers to partner with HABC in submitting an application to HUD for the Rental Demonstration Program (RAD). HABC intends to enter an agreement with one or more selected developer(s) selected under this RFQ to jointly redevelop one ore more public housing development(s) under the RAD program or by other means available to HABC under its Moving to Work (“MTW”) authority or otherwise.

The Alaska Housing Finance Corporation (AHFC) is currently Requesting for Proposals from qualified market study firms interested in providing multi-family rental housing market studies. The RFP is intended to be interactive in AHFC’s Ariba Sourcing Event module. The proposal deadline is July 16, 2013 at 4:00PM(Alaskan Time).

Multifamily housing developers, community organizations, investors and lenders interested in affordable housing in the Southwestern United States have a new resource available that provides a comprehensive overview of current opportunities. A special report entitled “Diverse Needs: A Look at Housing Credit Programs in the ‘Four Corners” reviews recent and current tax credit allocation activity, project trends and state priorities in the “Four Corners” states — Arizona, New Mexico, Colorado and Utah ““ and is available, free of charge, from the National Housing & Rehabilitation Association (NH&RA), a Washington, DC-based trade association of affordable housing professionals, and Tax Credit Advisor magazine.

On May 22, 28 members of Congress sent a letter to Treasury Secretary Jack Lew urging the Internal Revenue Service (IRS) to support expedited guidance regarding the criteria a partnership must meet in order to be able to participate in the federal historic rehabilitation tax credit (HTC) program.

HUD Secretary Sean Donovan today announced a major restructuring and reorganization of the Multifamily Programs within U.S. Department of Housing & Urban Development.

The U.S. Government Accountability Office (GAO) issued a new report entitled “Corporate Tax Expenditures: Information on Estimated Revenue Losses and Related Federal Spending Programs.” The report comes out as the U.S. Congress begins more serious consideration of tax reform. Presumably the data will be used to inform decisions as the topic is debated further and could have an impact on various programs utilized by NH&RA members. The report does not make any policy recommendations or endorsements regarding specific programs but does outline costs, revenue forgone and provides a basis for comparison acorss budget functions.