News
FY-2012 HUD Budget Highlights
Today the White House released its FY-2011 Budget Proposal.
FY-2012 Budget Makes Major LIHTC Changes; Also Extends NMTC & Others Programs
The Department of the Treasury’s FY-2012 Budget Proposal included two major changes to the low-income housing tax credit. The changes if enacted with create a basis boost for certain bond transactions and encourage owners to create more mixed-income housing.
New York Lawmakers Advocate for State Historic Credit
New York’s Independent Democratic Conference (IDC) last week called for the reinstatement of New York’s Historic Rehabilitation Tax Credit (HRTC) program and released a report promoting the benefits of the HRTC entitled “Investing in our Upstate Economy: The Historic Rehabilitation Tax Credit.”
HUD Invites Comments on CNI Information Collection
The U.S. Department of Housing and Urban Development (HUD) today invited public comments on a proposed information collection for the Choice Neighborhoods Initiative, a program that aims to revitalize severely distressed assisted housing and improve access to public services.
OCC Solicits Comments on CRA Data
The Office of the Comptroller of the Currency (OCC) has released a list of Community Reinvestment Act (CRA) performance evaluations that became public during the period of January 15, 2011 through February 14, 2011 and invited public comments on its information collection related to CRA.
NCAHMA Committee Update
As part of NCAHMA’s ongoing service to its membership, we have compiled the following summary report of NCAHMA’s recent committee activity.
LHFA Announces 2011 WAP Hearing
Louisiana Housing Finance Agency will hold a public hearing to obtain public comments on the proposed 2011 Weatherization Assistance Program (WAP) annual grant application.
DOE Hold Webinars on Technical Assistance Programs
The Department of Energy (DOE) has scheduled a series of webinars through its Technical Assistance Program.
Administration Passes Sixth Budget Continuing Resolution
President Obama last week signed into law the sixth continuing resolution (H.J. Res. 48) for the fiscal year 2011 federal budget.
Congressional Committees Take Up Housing Finance Debate
Last week, Senate and House Committees took up discussions about proposals to reform the nation’s housing finance system.
HUD Issues Section 8 Housing Annual Adjustment Factors
HUD has issued its revised Contract Rent Annual Adjustment Factors (AAFs) for adjustment of contract rents on assistance contract anniversaries.
Federal Reserve Bank of Dallas Issues Report on LIHTC and Schools
The Federal Reserve Bank of Dallas has issued a new report titled “Does Low-Income Housing Tax Credit Hurt Nearby Schools?”