News

Joe Hagan, president and CEO of the National Equity Fund, Inc., is the new president of the Affordable Housing Tax Credit Coalition (AHTCC).

The Indiana Housing and Community Development Authority (IHCDA) recently submitted to the United States Department of Energy (DOE) its Weatherization Assistance Program plan, which provides details on the administration and finance of the program.

On Wednesday, Ted Tozer was sworn in as the President of the Government National Mortgage Association (Ginnie Mae).

The Delaware State Housing Authority (DSHA) announced this week that it will offer approximately $2.5 million in federal housing tax credits to affordable rental developers. Applications will be accepted until April 9, 2010.

The Hawaii Housing Finance & Development Authority recently released revised administrative rules for both the low-income housing tax credit and rental housing trust fund programs.

Representative Linda Sanchez (D-Calif.) has introduced legislation (HR 4687) to extend the 1602 exchange program to 4 percent credits. Representative Sanchez noted in a floor statement that “I am introducing this bill because our country cannot afford to let this valuable 4 percent tax credit program fall into disuse due to the economy’s downturn at a time when our country is in desperate need of more jobs and more affordable places for low-income families to live.

Senate Majority Leader Harry Reid has announced that he will push jobs legislation that will not include several tax credit extenders included in a draft bill previously circulated by Senators Max Baucus (D-Mont.) and Charles Grassley (R-Neb.), Chairman and Ranking Member of the Senate Finance Committee have released a draft Jobs Bill.

Join NH&RA for a round of golf at the Miami Beach Golf Club, Friday, March 12 during the 2010 Affordable Housing Conference & Annual Meeting.

U.S. Treasury Secretary Timothy Geithner and Agriculture Department Secretary Tom Vilsack recently announced details of the Obama Administration’s new Healthy Food Financing Initiative, which is intended to provide a mix of federal tax incentives and funds to help finance the development of supermarkets and other healthy food options in under-served urban and rural communities.

The U.S. Department of Housing and Urban Development is requesting comments on a proposed information collection project under which state housing credit agencies will gather data and information regarding the race, ethnicity, family composition, age, income, rental assistance, disability status, and monthly rental payments of households living in federal low-income housing tax credit projects.

U.S. Department of Housing and Urban Development Secretary Shaun Donovan has announced the selection of Richard Walega as HUD’s new Regional Director for New England, which comprises Connecticut, Maine, Massachusetts, New Hampshire, Rhode Island and Vermont.

A recent report from the U.S. Treasury Department shows that nearly 28,000 jobs have been created as a result of the Section 1602 low-income housing tax credit (LIHTC) cash grant exchange program, created by the American Recovery and Reinvestment Act of 2009 (ARRA).