News

NH&RA’s New Markets Tax Credit Council recently identified priorities and formulated its agenda of activities for 2010. Principal among them, the Council will continue to push for a multi-year extension of the NMTC Program.

On February 1, the White House unveiled a proposed federal budget for Fiscal Year 2011 that calls for overall funding cuts at numerous federal agencies, including at the U.S. Department of Housing and Urban Development (HUD). Fiscal Year 2011 begins October 1st.

U.S. Housing and Urban Development Secretary Shaun Donovan has announced three new Regional HUD Directors, for the Southeast, Mountain, and Northwest Regions.

U.S. Department of Housing and Urban Development (HUD) Assistant Secretary Sandra B. Henriquez has announced an additional three public housing agencies (PHA) that have been chosen to participate in HUD’s Moving To Work (MTW) program.

The Florida Housing Finance Corporation recently launched a new web site to encourage green building practices in affordable housing across the state of Florida.

The California Tax Credit Allocation Committee (CTCAC) has released a memo updating its proposed regulation changes for the 2010 low-income housing tax credit allocation process.

The Rural Housing Service has issued a proposed rule that would modify federal regulations under the Section 538 Guaranteed Rural Rental Housing Program to offer guarantees on construction and permanent loans, defined by the rule as “a loan which provides advances during the construction period and remains in place as a permanent loan at the completion of construction.”

The U.S. Department of Housing and Urban Development’s (HUD) Office of Policy Development and Research has released a report entitled, “Report to Congress on the Root Causes of the Foreclosure Crisis.”

The Pennsylvania Housing and Finance Agency (PHFA) recently released the questions and answers from its 2010 pre-application workshop for its low-income housing tax credit program.

The U.S. Department of Housing and Urban Development has extended the application deadline for $4 million available under the HOPE VI Main Street Grants program until March 3, as well as provides statutory and regulatory requirements, threshold requirements, and rating factors applicable to funding of grant applications.

The USDA Rural Development has announced a series of future teleconference and/or Web conference meetings on the USDA Section 538 Guaranteed Rural Rental Housing Program.

The House of Representatives has passed tax extenders legislation (HR 4213) on a vote of 241-181. The measure now awaits consideration in the U.S. Senate. Key provisions include…