News

The California Tax Credit Allocation Committee (TCAC) has posted the questions and answers from its recent 2010 Application Workshop training in Sacramento, Los Angeles, San Diego and Oakland in late February.

The Office of the Comptroller of the Currency, the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, and the Office of Thrift Supervision recently adopted the final set of Interagency Questions and Answers Regarding Community Reinvestment.

The U.S. Treasury Department recently updated its program guidance for the Section 1603 renewable energy tax credit cash grant exchange program.

Last week, the House Committee on Financial Services held a hearing on “Community Development Financial Institutions (CDFIs): Their Unique Role and Challenges Serving Lower-Income, Under-served and Minority Communities.”

The National Housing & Rehabilitation Association has announced twenty-three finalists in eight categories for the 2009 J. Timothy Anderson Awards for Excellence in Historic Rehabilitation.

Treasury Secretary Timothy Geithner has indicated that the White House has no plan to overhaul Fannie Mae and Freddie Mac in 2010.

HUD Secretary Shaun Donovan testified before the House Appropriations Subcommittee on Transportation, Housing and Urban Development, and Related Agencies on February 23, 2010 on President Obama’s proposed budget.

The National Council of Affordable Housing Market Analysts (NCAHMA) has released a list of confirmed speakers for its 2010 Spring Underwriting Forum, April 7-8, 2010 at the Intercontinental Hotel in New Orleans.

The National Trust Community Investment Corporation recently teamed up with Rutgers University to publish its “First Annual Report on the Economic Impact of the Federal Historic Tax Credit.”

Participants in NH&RA Developer’s Council will hear about the latest developments in the use of modular housing construction for affordable housing, when the Council meets at NH&RA’s Affordable Housing Conference & 2010 Annual Meeting on March 11-13.

NH&RA’s Historic Preservation Development Council (HPDC) is pleased with the inclusion in Senator Reid’s draft Extenders legislation of a provision that would extend the higher tax credit rate for historic rehabilitation expenditures incurred on projects located in the Gulf Opportunity (GO) Zone.

Representatives of the Council for Energy Friendly Affordable Housing (CEFAH), a council within NH&RA, will be meeting with the staff of U.S. Sen. Michael Bennet (D-Colo.) to discuss the senator’s recently introduced energy efficiency legislation and to express support for it.