News

The Internal Revenue Service is inviting public comments by September 19 on an existing regulation on arbitrage restrictions on tax-exempt bond and associated recordkeeping requirements for issuers.

The U.S. Department of Housing and Urban Development is soliciting public comments by September 18 on a proposed rule that would revise current requirements for physical needs assessments (PNAs) for public housing properties.

The National Housing & Rehabilitation Association’s, together with NH&RA’s Historic Preservation Development Council (HPDC) and Council for Energy Friendly Affordable Housing (CEFAH), sent a letter recently to the National Park Service commenting on its recently issued Illustrated Guidelines on Sustainability for Rehabilitation Historic Buildings.

The Ohio Housing Finance Agency has released the newest revision to their 2012 QAP Draft and relevant attachments.

The Pennsylvania Housing Finance Agency (PHFA) has released a draft of its 2012 Qualified Allocation Plan for administering the federal Low-Income Housing Tax Credit (LIHTC) program in the state.

Fannie Mae has released the June 2011 report of its National Housing Survey, which assesses the national outlook toward owning and renting a home, housing finances and overall household confidence, as well as provides valuable input for determining the future course of investment across housing types.

The Internal Revenue Service (IRS) recently issued two separate notices that grant certain low-income housing tax credit (LIHTC) properties relief from specified Section 42 requirements in the wake devastation caused by flooding in North Dakota and Indiana.

The U.S. Department of Housing and Urban Development has released the Components of Inventory Change (CINCH) and Rental Market Dynamics reports for 2007-2009.

In response to a year long Washington Post investigation titled “Million Dollar Wasteland” a bipartisan group of federal lawmakers is calling on Congress to probe the nation’s housing-construction program for the poor, citing years-long delays and other breakdowns that have thwarted the production of hundreds of affordable-housing projects.

Representatives Gary Miller (R-CA) and Carolyn McCarthy (D-NY) have introduced new legislation (HR 1859) that would create a government-owned credit facility to replace Fannie Mae and Freddie Mac.

The California Tax Credit Allocation Committee (TCAC) will be holding forums throughout the state to discuss the issue of cost containment associated with developing affordable housing.

Reps. Aaron Schock (R-Ill.) and Earl Blumenauer (D-Ore.) last week introduced the Creating American Prosperity through Preservation Act of 2011 (H.R. 2479).