News

HUD’s Real Estate Assessment Center (REAC) has released the results of the most recent physical property inspections of properties that are owned, insured or subsidized by HUD, including public housing and multifamily assisted housing.

HUD’s Department of Policy Research & Development has published a Comprehensive Housing Market Analysis for Kansas City, Missouri-Kansas. The report provides a summary of the changes in the economic, demographic, and housing inventory characteristics of each specific housing market area, as well as offer projections for a three-year forecast period.

Last week, the Delaware State Housing Authority (DSHA) released its draft 2012 Qualified Allocation Plan for the Low Income Housing Tax Credit (LIHTC) program. Approximately $1.9 million will be available.

U.S. Representatives Marcia L. Fudge, Marcy Kaptur, Dennis Kucinich, Tim Ryan, Betty Sutton, and Richard Neal recently highlighted the benefits of the New Markets Tax Credit (NMTC) program and urged Congress to extend the program.

The Colorado Housing Finance Agency (CHFA) released the second draft of the state’s 2012 Qualified Allocation Plan (QAP) and a summary of proposed changes.

The Arizona Department of Housing (ADOH) has released the fifth and final draft of the state’s 2012 Qualified Allocation Plan.

The Colorado Housing Finance Agency (CHFA) has released the first draft of the 2012 Qualified Allocation Plan (QAP) and a summary of proposed changes.

Congressmen Pat Tiberi (R-OH) and Richard Neal (D-MA) recently introduced H.R. 3661, a bill which would permanently extend the flat 9% credit rate and create a flat 4% credit rate for allocated LIHTCs.

The U.S. Census Bureau has released findings from the American Community Survey for the combined years from 2006 to 2010.

In early December, the National Council of State Housing Agencies (NCSHA) Board of Directors approved updates to its low-income housing tax credit (LIHTC) and underwriting recommended practices.

Recently the Senate Banking Committee voted to approve President Obama’s nomination of Carol Galante as the next Federal Housing Administration (FHA) Commissioner and Maurice A. Jones as the next Deputy Secretary of HUD.

The Wisconsin Housing and Economic Development Agency (WHEDA) received a notification from HUD regarding residual receipt accounts on WHEDA financed properties.