News

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.

The U.S. Senate failed to clear a critical procedural hurdle on a new compromise version of HR 4213, the American Jobs and Closing Tax Loopholes Act of 2010 (Tax Extenders Legislation) on June 24. It is unclear when the measure will be taken up again. The current version of the measure includes a number of key tax credit provisions…

Following up on a meeting held earlier in June with representatives from Obama Administration’s Domestic Policy Council, Council For Environmental Quality and Recovery Implementation Office, NH&RA’s Council for Energy Friendly Affordable Housing (CEFAH) has issued a set of recommendations to amend the rules governing the Department of Energy’s Weatherization Assistance Program (WAP).

Yesterday, the House Financial Services Committee advanced two proposed bills to preserve affordable rental housing and revitalize public housing.

The National Council of Affordable Housing Market Analysts’ Executive Committee recently convened to reaffirm and clarify how our Model Content Standards apply to conducting a comprehensive market study. As a result of the discussion, NCAHMA as adopted the following definition for a “comprehensive market study.”