News

DOE has issued a notice to announce another 146 multifamily properties that are eligible to use WAP Funds.

Governor Jerry Brown has appointed Claudia Cappio as Executive Director of the California HFA. Ms. Cappio comes to the Agency with a background in land use planning, project development and administration, including affordable housing.

The Transportation, Housing, Urban Development and Related Agencies section of the CR contains a total of $55.5 billion, a $12.3 billion, or 18%, reduction from fiscal year 2010 levels, and a reduction of $13.2 billion, or 20%, from the President’s fiscal year 2011 request.

Michigan Governor Rick Snyder last week revealed his executive budget for fiscal years 2012 and 2013, in which he proposes eliminate virtually all state tax credit programs.

As you are all no doubt aware, it seems very likely that the Congress will not meet its deadline to pass a continuing resolution to fund the Federal Government. Congress still has until midnight tonight (April 8, 2011) to pass appropriations legislation. In the event that the government does shutdown, HUD’s activities will be severely constrained….

NH&RA is pleased to announce our Winter, Spring & Summer Calendar. Events including our Winter New Markets Tax Credit Symposium, 2011 Annual Meeting, Spring Policy & Underwriting Forum, Spring Developers Forum, Summer Institute and Summer New Markets Tax Credit Symposium.

The House Financial Services Subcommittee on Capital Markets and Government Sponsored Enterprises has voted to approve a series of bills aimed at winding down operations at Fannie Mae and Freddie Mac.

NH&RA thanks Harold Berk for the following update on a recent Fourth Circuit Court decision impacting state tax credit structures.

The Center for Budget and Policy Priorities has issued a new paper titled “Converting Funding of Some Public Housing Developments to Section 8 Subsidies Would Help Preserve Needed Units.”

HUD has published its list of regulatory request waivers granted for the fourth quarter of calendar year 2010.

A proposal that would permanently divert at least $194 million annually in real estate-related taxes from Florida’s affordable housing program to general state spending won approval Friday from the Senate Budget Committee.

AHTCC has prepared an educational brochure intended to inform elected officials about the benefits of the Housing Credit program: