News

The New Hampshire Housing Finance Authority has released a draft version of its 2011 Qualified Allocation Plan for the Low Income Housing Tax Credit Program (LIHTC) and the HOME Rental Housing Production Program Rules.

Today, New York’s top housing official, Brian Lawlor, will be announcing the details of the consolidation and merger of New York’s primary housing agencies ““ NYHomes and the Department of Housing & Community Renewal ““ into a single organization under a single leadership structure.

HUD’s Economic and Market Analysis Division has prepared a Comprehensive Housing Market Analysis Report for the Killen-Temple-Fort Hood, Texas market area.

The U.S. Department of the Treasury’s Community Development Financial Institutions (CDFI) Fund has released preliminary data on projects financed by New Markets Tax Credits through December 31, 2009 by organizations that were awarded allocations of NMTCs.

On September 9, the U.S. Department of Housing and Urban Development announced the designated Difficult Development Areas (DDA) and Qualified Census Tracts (QCT) for the purposes of the 2011 low-income housing tax credit program; however, the notice omitted the tables listing the metropolitan and non-metropolitan DDAs for 2011.

House Financial Services Committee will hold a hearing on September 23 titled “Perspectives on the Livable Communities Act of 2010.”

As part of the American Recovery & Reinvestment Act reporting requirements the GAO has issued two reports to Congress pertaining to the TCAP and 1602/Exchange Programs:

In a new mortgagee letter (2010-27) dated August 30, 2010, HUD has renewed special the Department’s policy for the eligibility of projects for Mortgage insurance where Construction has started.

The Pennsylvania Housing Finance Agency has released its draft of the 2011 Qualified Allocation Plan for administering the low-income housing tax credit program

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.