News

The Alabama Housing Finance Agency has released its application package for the 2010 low-income housing tax credit (LIHTC) program. AHFA will accept applications beginning March 8, 2010.

The Federal Housing Finance Agency (FHFA) has sent a proposed rule to the Federal Register establishing new housing goals for Fannie Mae and Freddie Mac.  The instructions include single-family and multifamily goals. FHFA is proposing multifamily goals for low-income families and for very low-income families, both expressed in terms of minimum numbers of units financed. In accordance with HERA, the GSEs will also be reporting their funding of low-income units in small (5-50 unit) multifamily properties.

The Montana Board of Housing will hold its Annual QAP (Qualified Allocation Plan) Information Input and Exchange Session on May 14.

Proposed in 2009, the state of Ohio has created the Ohio New Markets Tax Credit (ONMTC) program.

The Illinois Housing Development Authority recently announced the launch of a new website that allows users to conduct a state-wide search of rental properties to help residents find appropriate rental housing to fits their needs.

The New Jersey Housing and Mortgage Finance Agency has released its 2010 timeline for the state’s low-income housing tax credit (LIHTC) program.

The Ohio Housing Finance Agency has released the first draft of its 2011 Qualified Allocation Plan (QAP) for review and public comment.

The Virginia Housing Development Authority recently issued an update to provide clarity around certain items contained in its 2010 low-income housing tax credit (LIHTC) program application.

U.S. Representative Earl Blumenauer (D-OR) recently introduced the Renewable Energy Expansion Act (H.R. 4599), a bill that would allow taxpayers to receive a tax credit that functions as a direct payment for investing in or producing renewable energy.

Doug Criscitello was sworn in on Tuesday as the U.S. Department of Housing and Urban Development’s (HUD) new Chief Financial Officer.

HUD has issued a notice announcing its intention to offer funding through a competition made available as a Notice of Funding Availability (NOFA) under its Sustainable Communities Planning Grant Program (Program). HUD is also seeking comments on the Program through this Advance Notice.

HUD has issued a notice announcing its intention to offer funding through a competition made available as a Notice of Funding Availability (NOFA) under its Sustainable Communities Planning Grant Program (Program). HUD is also seeking comments on the Program through this Advance Notice. The goal of the Program is to support multi-jurisdictional regional planning efforts that integrate housing, economic development, and transportation decision-making in a manner that empowers jurisdictions to consider the interdependent challenges of economic growth, social equity and environmental impact simultaneously.