News

The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) announced today that it has posted the comments submitted in response to its Request for Public Comment related to the Community Investment Impact System (CIIS) Data Collection.

The Department of the Treasury, as part of its continuing effort to reduce paperwork and respondent burden, invites the general public and other Federal agencies to take this opportunity to comment on proposed and/or continuing information collections, as required by the Paperwork Reduction Act of 1995, Public Law 104-13 (44 U.S.C. 3506(c)(2)(A)).

The Indiana Housing & Development Authority has released its 2011 QAP and has scheduled a QAP Forum in Indianapolis on September 16.

The Maryland Department of Housing and Community Development and the United States Air Force has issued a request for information (RFI) soliciting input from the private sector on potential future uses for the vacant Summerfield housing units.

New York Governor David Paterson has signed into law new legislation that amends the state’s historic rehabilitation tax credit program to make it easier for banks and insurance companies to utilize the program.

The Community Development Financial Institutions Fund is seeking comments on the electronic application used to apply for an allocation of federal new markets tax credits.

The law firm Goulston & Storrs LLP recently issued an advisory entitled “A Real Estate Developer’s Guide to Carried Interest Legislation.”

The Urban Institute, a non-partisan research think-tank, has published a new paper entitled “Why Housing Choice and Mobility Matter.”

Governor Ted Strickland and Department of Development Director Lisa Patt-McDaniel recently announced the launch of the Ohio New Markets Tax Credit program.

HUD’s Federal Housing Administration has issued regulations for its multifamily mortgage insurance program relating to a provision in Title VIII of the Housing and Economic Recovery Act of 2008 that prohibits a requirement that tax credit sales proceeds be placed into escrow, at the time of initial endorsement, for assurance of project completion and to pay the initial service charge, carrying charges, and legal and organizational expenses incident to the construction of the project.

The Utah Housing Corporation has released its 2011 draft qualified allocation plan (QAP).

The U.S. Department of Housing and Urban Development has released a preview of its U.S. Housing Market Conditions report for the second quarter of 2010.