News

Oregon Housing and Community Services has announced that it will hold one funding round in its 2010 Consolidated Funding Cycle, which includes low-income housing tax credits and other resources, and has postponed the cycle 60 days.

The Kentucky Housing Corporation (KHC) has issued a notice saying it will be revising its 2010 qualified allocation plan (QAP) for its low-income housing tax credit program to ease current difficulties in developing multifamily housing, including the difficulty in securing equity secure investors, insufficient gap financing, the uncertainty surrounding proposed federal legislative changes, and other developer concerns.

The Virginia Housing Development Authority has approved its proposed 2010 qualified allocation plan for its low-income housing tax credit program, and sent it to the governor for his signature.

The U.S. Department of Housing and Urban Development’s Office of Policy Development & Research has published a Regulatory Impact Analysis for the Housing Trust Fund, which was established by the Housing and Economic Recovery Act of 2008 to expand the supply of affordable rental units, and increase homeownership opportunities for extremely low- and very low-income households.

The U.S. Department of Treasury and Internal Revenue Service (IRS) yesterday jointly announced their 2009-2010 Priority Guidance Plan.

During its November 16 meeting, the CDFI Fund’s Advisory Board discussed current estimated timelines for program awards and announcements.

The U.S. House of Representatives and Senate conferees have agreed to a $446.8 billion omnibus appropriations bill (HR 3288). This “˜omnibus’ legislation includes the Transportation-HUD appropriations measure as well as the Commerce-Justice-Science, Financial Services, Labor-Health and Human Services, Milcon-VA, and State-Foreign Operations bills.

The Housing and Economic Recovery Act of 2008 (HERA) established a Housing Trust Fund to be administered by HUD to provide grants to States to increase and preserve the supply of rental housing for extremely low- and very low-income families, including homeless families, and to increase homeownership for extremely low- and very low-income families. HUD has issued a proposed rule for allocating funds from the Housing Trust Fund.

The Indiana Housing & Community Development Authority has published a memo announcing two revisions to the 2009-2010 QAP Threshold criteria and additional guidance to help prepare the 2010A-C application.

Representative James Himes (D-Conn.) has introduced new legislation (HR 4106) to make grants or loans to owners of Federally Assisted Housing projects to make green retrofit improvements.

The National Affordable Housing Management Association (NAHMA), in partnership with ApartmentSmart.com, has launched a new affordable housing mapping tool called NAHMA Maps.

The Ohio Housing Finance Agency (OHFA) recently announced the opening of its new Office of Affordable Housing Research to facilitate the formation and implementation of affordable housing policy and initiatives throughout the state.