News

Financial Services Committee Chairman Barney Frank (D-MA) announced today the committee will hold a hearing on March 2 to begin the process of considering the future of housing finance. The hearing will focus on all the private and public entities that support the mortgage market, which include the Federal Housing Administration, Ginnie Mae, Fannie Mae, Freddie Mac, Federal Home Loan Banks, and private lenders and securitizers.

HUD’s Office of Policy Development and Research has updated its comprehensive profile of subsidized housing in the United States. The Picture of Subsidized Households 2008 data set describes the nearly 5 million households living in HUD-subsidized housing in the United States in 2008.

Missouri Housing Development Commission (MHDC) Executive Director Pete Ramsel recently announced his resignation from MHDC, effective March 1.

U.S. Department of Housing and Urban Development (HUD) and the U.S. Census Bureau recently announced that they will be redesigning the American Housing Survey. Planned changes will be incorporated in 2011, 2013 and 2015.

Following approval by the U.S. Senate on December 13, Congress completed final action on a consolidated $446.8 billion omnibus appropriations bill (HR 3288) for Fiscal Year 2010. The measure was sent to President Obama on December 15 for his expected signature.

The Obama Administration’s FY 2011 Budget Proposal would slash funding for several key programs providing financial assistance for historic preservation efforts.

NH&RA’s Council for Energy Friendly Affordable Housing is pleased to report that a new Senate bill (S. 2897) has been introduced by Senator Michael Bennet (D-CO) that would create significant financial incentives for owners of federally-assisted housing projects to improve their properties’ energy efficiencies and reduce energy costs.

NH&RA’s HOPE VI Council will convene to discuss pertinent issues and activities during the 2010 Affordable Housing Conference & Annual Meeting, March 11-13 at the Ritz-Carlton South Beach in Miami, Florida.

NCAHMA recently completed a survey of its membership to collect information on members’ market study and appraisal activities and services. Specifically, the survey identified the number of market analysts employed by respondents, and the states in which analysts actively prepare market studies for affordable housing projects.

The National Council of Affordable Housing Market Analysts (NCAHMA) recently hosted a training seminar on January 12 in Sacramento for staff members of the California Tax Credit Allocation Committee and California Debt Limit Allocation Committee.

NH&RA’s Historic Preservation Development Council (HPDC) will convene on Saturday, March 14 during the 2010 Affordable Housing Conference & Annual Meeting.

Community Development Financial Institutions (CDFI) Fund Director Donna Gambrell will deliver the keynote address at the NH&RA New Markets Tax Credit Symposium on March 10, 2010 at the Ritz-Carlton Hotel in South Beach, Miami.