News

The Illinois Housing Development Authority (IHDA) has announced that it will extend its Multi-Family Initiative Bond program through 2011, providing low-cost fixed-rate permanent financing which will provide resources to borrowers to finance new construction, acquisition and rehabilitation or adaptive reuse of existing developments.

HUD has published its quarterly notice of all regulatory waivers that the Department has approved.

On behalf of all of us at National Housing & Rehabilitation Association, we would like to wish all of our HousingOnline Weekly subscribers a safe and happy New Year!

Three state housing finance agencies recently adopted final versions of their 2011 Qualified Allocation Plans for administering the federal low-income housing tax credit program. 

In order to enable Kentucky Housing staff to meet the demands of site review requests, technical assistance trainings will be conducted by the Multifamily Finance Department.

The US Department of Agriculture has announced in the Federal Register a series of teleconference and/or Web conference meetings regarding the USDA Multi-Family Housing Program.

The Senate and House of Representatives have adjourned sine die and will convene for the 112th Congress on Jan. 5, 2011.

The U.S. Department of Housing and Urban Development (HUD), through an agreement with the U.S. Postal Service, has released aggregate data on addresses identified by the USPS as having been “vacant” or “No-Stat” in the third quarter of 2010.

Margaret Lineberry, Executive Director of Missouri Housing Development Commission (MHDC), shared her ideas for agency and program restructuring at the MHDC Board meeting last Friday.

A coalition of twelve housing organizations has signed onto a letter sent by the National Council of State Housing Agencies (NCSHA) to Senate Majority Leader Harry Reid (D-NV) urging Congress to restore the Section 1602 LIHTC cash grant exchange program, which was excluded from the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010, signed into law earlier this month.

Two pieces of legislation were passed by Congress last week and sent to President Obama for his signature.

The U.S. Government Accountability Office (GAO) recently released a report that analyzes the use of funds by Neighborhood Stabilization Program (NSP) grantees.