News

California Senate President Pro Tempore Darrell Steinberg (D-Sacramento) and Senator Mark DeSaulnier (D-Concord) recently introduced legislation in the California State Senate that would create a permanent funding source for California’s Housing Trust Fund, which has not had a permanent funding source since the fund’s passage in 1985.

U.S. Senator Kirsten Gillibrand (D-NY) recently introduced the Irene and Lee Tax Relief Storm Recovery Act (S. 3243) which would expand access to the LIHTC and provide affordable housing to families who lost their homes due to destruction caused by Hurricane Irene and Tropical Storm Lee.

The Texas Department of Housing and Community Affairs (TDHCA) has submitted a remedial plan to address the recent Fair Housing Act (FHA) violations which were brought against the agency earlier this year by Inclusive Communities Project, Inc.

The Ohio Housing Finance Agency (OHFA) released the draft 2013 Qualified Allocation Plan (QAP) and a notice that the agency will hold a public hearing to go over proposed additions to the QAP on Wednesday, June 13 at 1:00 pm at the OHFA offices in Columbus.

HUD recently issued CPD Notice 12-007 which laid out new HOME program requirements which were mandated by the HUD Appropriations Act of 2012.

HUD has released its U.S. Housing Market Conditions report for the first quarter of 2012. The quarterly report is a compilation of statistical data and written reports.

The Missouri Housing Development Commission (MHDC) has released a draft version of its 2013 Qualified Allocation Plan.

The Ohio Housing Finance Agency (OHFA) has begun drafting the 2013 Housing Development Gap Financing (HDGF) Guidelines, and has scheduled a Focus Group to solicit input from interested stakeholders.

The Rhode Island Public Expenditure Council (RIPEC) released a report on the costs and benefits of reinstating the Rhode Island Historic Preservation Investment Tax Credit (HPITC) program.

HUD recently released Notice PIH 2012-24 to provide guidance to Public Housing Authorities (PHAs) in determining the rent to owner for an HCV tenancy when the participant family chooses to lease a unit under the HCV program.

The IRS published a notice in the Federal Register soliciting comments regarding arbitrage restrictions on tax-exempt bonds.

In an effort to improve its outreach, training, and compliance with HUD’s rules, the Texas Department of Housing and Community Affairs (TDHCA) is soliciting information from affordable housing developers and HUD-funding recipients about their understanding of regulations and requirements governing housing program contract awards involving federal funding.