News

Minnesota Housing announces the appointment of Marcia Kolb as Assistant Commissioner for Multifamily Business.

The IRS has issued two new significant revenue rulings impact New Markets Tax Credits impacting passive activity losses.

The U.S. Department of Housing and Urban Development (HUD) has announced that it has extended its deadline for public comment on the FY-2011 research agenda.

New York Governor David Paterson recently introduced a package of proposed legislative amendments to modify and extend the state’s rent laws for eight years, reduce the rate at which apartments become deregulated, provide additional protections for tenants, and address a recent Court of Appeals decision that resulted in uncertainty about the status of thousands of deregulated apartments.

Economists Donald Marron and Philip Swagel, recently published a new proposal for the future of Fannie Mae and Freddie Mac, the two mortgage finance giants that were placed into government conservatorship in 2008 during the housing market collapse.

The Federal Housing Finance Agency (FHFA) recently proposed a new rule that would establish a system for evaluating and rating the performance of Fannie Mae and Freddie Mac in serving three specific underserved markets identified in the Housing and Economic Recovery Act (HERA) in 2008 ““ manufactured housing, affordable housing preservation, and rural markets.

HUD’s Office of Policy Research & Development has released a new information system containing labor force data for cities from a database of Local Area Unemployment Statistics data from the Bureau of Labor Statistics.

The U.S. House Ways and Means Committee last week released additional documents related to the American Jobs and Closing Tax Loopholes Act (H.R. 4213), better known as the tax extenders bill.

The Louisiana Housing Finance Agency (LHFA) has released a notice of ten frequently asked questions relating to LHFA’s 2010 RFP for market analysts.

The federal bank and thrift regulatory agencies have announced the availability of the 2010 list of distressed or underserved nonmetropolitan middle-income geographies where revitalization or stabilization activities will receive Community Reinvestment Act consideration as “community development.”

The Michigan State Housing Development Authority (MSHDA) has released its draft Utility Allowance (UA) Policy for Low-Income Housing Tax Credit Projects.

U.S. Department of Housing and Urban Development (HUD) Secretary Shaun Donovan this week announced the Obama Administration’s nomination of C. Donald Babers to serve as the Department’s Southwest Regional Director.