News

The U.S. Department of Housing and Urban Development has released a report through its Office of Policy Development & Research’s HUD USER website that explores the possibility of using small area statistical techniques provided by the American Community Survey (ACS) to generate data for areas not covered by the American Housing Survey (AHS).

The California Tax Credit Allocation Committee (CTCAC) is preparing forms for the 30 percent test to be utilized by owners of projects that have received an award of Section 1602 funds, and that the forms will be available on September 1.

The New Mexico Mortgage Finance Authority will hold a training seminar for potential applicants in the 2011 low-income housing tax credit funding round on November 3 in Albuquerque.

Last week, the Chairman of the House Ways and Means Committee, Rep. Sander M. Levin (D-Mich.) announced the introduction of the Investing in American Jobs and Closing Tax Loopholes Act of 2010 (H.R. 5893).

On July 29, the U.S. House of Representatives approved a Fiscal Year 2011 appropriations bill (H.R. 5850) for the U.S. Department of Housing and Urban Development, U.S. Department of Transportation, and certain other agencies.

The U.S. Department of Housing and Urban Development has released its proposed Fair Market Rents (FMR) for Fiscal Year 2011.

The U.S. Department of Housing and Urban Development is soliciting public comments to help HUD better understand sponsor perspectives on the effectiveness of the Demonstration Planning Grant (DPG) program in assisting Section 202 properties reach initial closing within 18 months of fund reservation, as well as the DPG application process and the overall administration of the grant program.

The Senate Banking Committee has approved the Livable Communities Act (S. 1619), a bill proposed by Chairman Christopher Dodd (D-Conn.) to improve the coordination between federal housing, community development, transportation, energy, and environmental policies.

The Wisconsin Housing and Economic Development Authority (WHEDA) has released its draft 2011 Qualified Allocation Plan (QAP) and a self-scoring exhibit for its low-income housing tax credit program.

The Washington State Housing Finance Commission recently posted a memo that provides a status report on possible changes to its 2011 low-income housing tax credit policy.

The Georgia Department of Community Affairs has released the updated Economic Development Financing Packet. The resource contains information about various federal, state, and local financing programs, governed by various state departments and other public entities, that directly or indirectly benefit Georgia businesses.

The California Tax Credit Allocation Committee (CTCAC) has issued a memorandum to low-income housing tax credit property owners and managers announcing new policy changes for its 2010 compliance monitoring program.