News

NH&RA is pleased to announce that CDFI Fund Director Donna J. Gambrell will deliver the Keynote Address at NH&RA’s Winter New Markets Tax Credit Symposium, March 10 at the Ritz-Carlton South Beach, Miami Beach, Florida.

Cris White, Chief Operating Officer, has been appointed Interim Executive Director of the Colorado Housing and Finance Authority (CHFA) by the Authority’s Board of Directors, effective January 1, 2010, upon the retirement of Roy Alexander.

The Harvard Joint Center, with help from the What Works Collaborative, has published a new report entitled, “The Disruption of the Low-Income Housing Tax Credit Program: Causes, Consequences, Responses, and Proposed Correctives.”

A recent tax court ruling finds that state historic tax credit investors are partners and that transactions between investors and the partnership are not disguised sales.

While tax credit equity remains the biggest industry concern, debt financing is also elusive for many developers. 2010 promises to be a challenging year–originations are down, underwriting standards are only becoming stricter and, with then end of the TCAP program and declining state budgets, gap financing will become even more difficult to obtain. NH&RA can help!

Arizona is seeking comments on its 2010 QAP. Included in the QAP package are ADOH’s Market Study Guidelines.

The Federal Housing Finance Agency (FHFA) today issued a final rule that authorizes non-federally insured community development financial institutions (CDFIs) that have been certified by the CDFI Fund, including community development loan funds, venture capital funds, and State-chartered credit unions, to become members of a Federal Home Loan Bank (FHLB).

The U.S. Department of Housing and Urban Development (HUD) has released an update of the Comprehensive Housing Affordability Strategy (CHAS) data.

Vermont Housing Finance Agency for the Vermont Department of Economic, Housing and Community Development have published its 2010 Vermont Housing Needs Assessment.

Virginia Housing Development Authority has published updated 2010 LIHTC reference documents including its 2010 Low-Income Housing Tax Credit Manual as well as market study requirements.

Kentucky Housing Corporation has released a revised 2010 Qualified Action Plan (QAP) and Rental Guidelines are now available for review and public comment.

The North Dakota Industrial Commission has approved the 2010 Low Income Housing Tax Credit Qualified Allocation Plan (QAP).