News

Both the U.S. House of Representatives and Senate have passed S. 3245, which extends the EB”“5 Regional Center program for three years. EB-5 Regional Centers identify businesses and development opportunities that meet a community’s investment needs and allow foreign investors to channel funds to those opportunities.

HUD has released a revised Chapter 14 of the Asset Management and Project Servicing handbook, which is the primary tool used by Field Office Loan Management multifamily staff in carrying out asset management and loan servicing responsibilities in monitoring and assisting owners/managing agents to maintain projects in good physical and financial condition.

The U.S. House of Representatives recently passed by a vote of 402-7 the FHA Emergency Fiscal Solvency Act of 2012 (HR 4264), a measure which would help shore up the fiscal solvency of the Federal Housing Administration’s (FHA) mortgage insurance programs. The bill, introduced by Judy Biggert (R-IL), Chair of the House Insurance, Housing and Community Opportunity Subcommittee, places a minimum on annual FHA mortgage insurance premiums and enhances FHA risk and enforcement measures to protect against fraud and abuse, among other provisions.

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 (PIH).

NCHMA is pleased to present the conference materials including Power Point presentations relevant articles, reports, memos, etc. from our recent Annual Meeting held in Chicago, IL September 6-7 at the Conrad Hotel.

The Kentucky Housing Corporation is accepting applications for an allocation of Project-Based Section 8 Housing Choice Vouchers. The application deadline is Monday, October 8, 2012.

The Maryland Department of Housing and Community Development (MDHCD) and TDA Consulting, Inc., the consulting entity for the revision process for the Maryland LIHTC QAP, will be hosting its second Listening Session on September 14, 2012

The Colorado Housing Finance Agency (CHFA) has released a draft of its 2013 Qualified Allocation Plan (QAP). The draft highlights CHFA’s selection priorities for the 2013 allocation cycle.

Four legislative measures that would impact California’s cities and counties ability to direct property tax funds to local development projects were recently sent to Governor Jerry Brown for approval. This move comes after the Governor last July approved AB 26x which dissolved the activit

HUD has released a Frequently Asked Questions (FAQ) document to accompany Housing Notice 2012-08, which provides guidance for the prepayment and refinancing of Section 202 Direct Loan projects.

The Community Development Financial Institution Fund (CDFI Fund) has announced that the agency will consider extending the NMTC application deadline (currently September 12, 2012 at 5:00 pm EST) to accommodate applicants that have been directly affected by Hurricane Isaac.

The U.S. Court of Appeals for the 3rd Circuit filed has issued an opinion overturning the U.S. Tax Court’s Jan. 3, 2011 decision on Historic Boardwalk Hall (HBH) v. IRS Commissioner