News

NH&RA is pleased to announce we’ll be extending early registration for our Fall Developers Forum one additional week. Register by 9/24 to take advantage of our early registration discount.

The Government Accountability Office (GAO) recently released a report on the Community Development Block Grant (CDBG) program that focuses on the processes entitlement communities use to make funding decisions.

The Internal Revenue Service has issued a new notice (Notice 2010-62) that provides interim guidance regarding a provision of the 2010 health care reform law that codified the economic substance doctrine and related amendments to various penalties.

White House officials and representatives from the U.S. Department of Housing and Urban Development (HUD) recently held a conference call with industry stakeholders to discuss the third round of funding through the Neighborhood Stabilization Program (NSP3) and its impact on communities across the country.

The North Carolina Housing Finance Agency has released a draft version of its 2011 Qualified Allocation Plan (QAP), and a draft of its design quality guidelines (Appendix B).

The House Financial Services Committee Subcommittee on Capital Markets, Insurance and Government Sponsored Enterprises will hold a hearing on the “Financial Losses and Progress of Fannie Mae and Freddie Mac” on September 15.

U.S. Department of Housing & Urban Development (HUD) Inspector General Kenneth M. Donohue has announced that he will leave government service in October.

The Federal Housing Finance Agency (FHFA) has released its new housing goals effective for 2010 and 2011 for Fannie Mae and Freddie Mac, as amended by the Housing and Economic Recovery Act (HERA) in 2008.

Colorado Housing and Finance Authority (CHFA) will hold a public hearing on Friday, October 8, 2010, regarding the Low Income Housing Tax Credit Allocation Plan (the Plan) for the year 2011.

In the five years since Hurricane Katrina struck the Gulf coast, the New Orleans metropolitan area lost 75,000 housing units or nearly 13 percent of its housing stock. In addition, the median monthly cost of housing rose by nearly 33 percent, from $662 in 2004 to $882 in 2009.

A jail constructed in 1813 in Salem, Massachusetts converted to market rate apartments; a one-time Inn and girls finishing school in Silver Spring, Maryland re-conceived as affordable residences; and 19th century brewery buildings in both East Baltimore and Milwaukee now filled with corporate offices are all among the finalists for the 2010 J. Timothy Anderson Awards for Excellence in Historic Rehabilitation.

The National Housing & Rehabilitation Association has announced fourteen finalists in six categories for this year’s “Timmy Awards,” which will be presented at an awards luncheon and ceremony on October 19 in Boston, Massachusetts in conjunction with the association’s Annual Fall Developers Forum. The nominees are located in fourteen different communities in ten states from Massachusetts to Kentucky…

The U.S. Department of Housing and Urban Development has designated Difficult Development Areas (DDAs) for 2011 for purposes of the Low-Income Housing Tax Credit (LIHTC) program.