News

The California Tax Credit Allocation Committee recently released new guidance for first round applicants who are re-applying in the second round for 2011 low-income housing tax credits, as well as additional guidance for all second round applicants.

U.S. Representatives Erik Paulsen (R-Minn.) and Ronald Kind (D-Wis.) last week introduced the Renewable Energy for a Brighter Future Act (H.R. 2391).

The U.S. Department of Housing and Urban Development today released a study entitled, “Capital Needs in the Public Housing Program” that finds the nation’s 1.2 million public housing units need an estimated $25.6 billion for large scale repairs.

The U.S. Department of Housing and Urban Development is soliciting comments from the public to provide HUD information regarding the Sustainable Communities Regional Planning Grant Program NOFA applications. Comments are due by July 25, 2011.

The Louisiana Housing Finance Agency has published seven “Frequently Asked Questions” regarding the 2011-2012 per capita tax credits funding round.

HUD is seeking comments on alternative survey methodologies to collect gross rent data for specific areas in a relatively fast and accurate way that may be used to estimate and update Section 8 Fair Market Rents (FMRs) in areas where FMRs are believed to be incorrect and data from the American Community Survey is not available at the local level.

HUD is soliciting comments from potential applicants with regard to the Energy Innovation Fund ““ a new pilot program for increasing the energy efficiency of multifamily housing.

The Federal Housing Finance Agency (FHFA) has issued a final rule to establish a framework for conservatorship and receivership operations for Fannie Mae, Freddie Mac and the Federal Home Loan Banks, as contemplated by the Housing and Economic Recovery Act of 2008 (HERA).

Affordable rental housing is the subject of Department of Housing and Urban Development’s spring 2011 issue of Evidence Matters. The issue centers on the role rental housing policy plays in housing and community development.

Wisconsin Housing and Economic Development Authority (WHEDA) Executive Director Wyman Winston has announced that WHEDA will be holding a special round of competitive Low Income Housing Tax Credits (LIHTC) to help address immediate housing needs in the City of Marinette.

The Montana Board of Housing has announced a second 2011 LIHTC round with $118,913 in available credits.

The Virginia Housing Development Authority will hold its LIHTC 2012 QAP Forum on June 23 in Richmond.