News

Following approval by the U.S. Senate on December 13, Congress completed final action on a consolidated $446.8 billion omnibus appropriations bill (HR 3288) for Fiscal Year 2010. The measure was sent to President Obama on December 15 for his expected signature.

The Obama Administration’s FY 2011 Budget Proposal would slash funding for several key programs providing financial assistance for historic preservation efforts.

NH&RA’s Council for Energy Friendly Affordable Housing is pleased to report that a new Senate bill (S. 2897) has been introduced by Senator Michael Bennet (D-CO) that would create significant financial incentives for owners of federally-assisted housing projects to improve their properties’ energy efficiencies and reduce energy costs.

NH&RA’s HOPE VI Council will convene to discuss pertinent issues and activities during the 2010 Affordable Housing Conference & Annual Meeting, March 11-13 at the Ritz-Carlton South Beach in Miami, Florida.

NCAHMA recently completed a survey of its membership to collect information on members’ market study and appraisal activities and services. Specifically, the survey identified the number of market analysts employed by respondents, and the states in which analysts actively prepare market studies for affordable housing projects.

The National Council of Affordable Housing Market Analysts (NCAHMA) recently hosted a training seminar on January 12 in Sacramento for staff members of the California Tax Credit Allocation Committee and California Debt Limit Allocation Committee.

NH&RA’s Historic Preservation Development Council (HPDC) will convene on Saturday, March 14 during the 2010 Affordable Housing Conference & Annual Meeting.

Community Development Financial Institutions (CDFI) Fund Director Donna Gambrell will deliver the keynote address at the NH&RA New Markets Tax Credit Symposium on March 10, 2010 at the Ritz-Carlton Hotel in South Beach, Miami.

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.