News

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.

Representatives of the National Council of Affordable Housing Market Analysts (NCAHMA) and the National Housing & Rehabilitation Association met with key officials of the U.S. Department of Housing Department (HUD) on February 5 to discuss planned changes to its Federal Housing Administration (FHA) multifamily mortgage insurance programs and ways to enhance them from a market study perspective.

NH&RA’s New Markets Tax Credit Council has welcomed Senate Majority Leader Harry Reid’s introduction last week of Extenders legislation, which includes a provision that would renew the federal new markets tax credit program through 2010.

Members of NH&RA’s New Markets Tax Credit Council recently convened to discuss and prioritize topics to address with key representatives of the Community Development Financial Institutions (CDFI) Fund and U.S. Government Accountability Office (GAO).

The law firm Nixon Peabody LLP reported on February 22 that all HUD Multifamily HUB and Program Centers will be allowed to recommend waivers of certain portions of the Section 8 Renewal Policy Guide and regulations to headquarters.