News

The Community Development Financial Institutions (CDFI) Fund recently released the interim rule for implementation of the CDFI Bond Guarantee program, which was established through Section 1134 of the Small Business Jobs Act of 2010.

The Appeals Court for the Federal Court of Claims recently reversed a lower-court opinion on the Consolidated Edison Company of New York, Inc. vs. United States case. The court concluded that Consolidated Edison’s Lease-In Lease-Out (LILO) transaction did not have economic substance and the purported lease was not a “true lease”.

HUD recently issued a Federal Register Notice seeking public comment on the redesign of the American Housing Survey (AHS) for 2015 and beyond.

The California Housing Partnership Corporation recently released a report entitled “Building and Preserving Affordable Homes near Transit: Affordable TOD as a Greenhouse Gas Reduction and Equity Strategy,” which assesses the existing research on the role of preservation and development of affordable housing in transit-oriented development (TOD) areas as a greenhouse gas (GHG) reduction strategy.

The California Tax Credit Allocation Committee has issued new guidance clarifying how land and existing improvement values will be considered in underwriting and competitive scoring. The guidance is applicable to all competitive applications.

State Legislation to expand access to affordable housing for New Jersey veterans was signed into law on Monday by Governor Chris Christie.

President Obama singed the Disaster Relief Appropriations Act of 2013 (H.R. 152) on January 29. H.R. 152, which passed the U.S. House of Representatives by a measure of 241-180 and the Senate by a margin of 62-36, was originally sponsored by House Committee on Appropriations Chairman Hal Rogers (R-KY) and will provide an additional $50.5 billion for recovery and rebuilding activities for regions impacted by Hurricane Sandy.

innesota Housing has released a draft of its 2014-2015 qualified allocation plan for public comment.

HUD has issued a set of draft documents for public comment for its Rental Assistance Demonstration (RAD) Program.

Registration is now open for HUD’s Green Academy, a pilot initiative that will offer green building training to HUD grantees and other affordable housing organizations.

New York Governor Andrew M. Cuomo in the 2013-2014 state executive budget and management plan proposed a five year extension to the state’s Historic Commercial Properties Rehabilitation tax credit program. The extension would provide assurance to developers who are rehabilitating historic commercial property, or are considering doing so, by extending the existing $5 million per project tax credit and would make the credit refundable beginning in tax year 2015.

The Alaska Industrial Development and Export Authority is seeking comments on its proposed regulations to establish its New Markets Tax Credit Assistance Guarantee and Loan Program.