News

Los Angeles Mayor Antonio Villaraigosa has announced Doug Guthrie will replace Mercedes Marques as the general manager of the city’s Housing Department.

The California Tax Credit Allocation Committee has released its proposed regulation changes for 2010. The committee has also scheduled three public meetings to solicit comments on the possible changes.

Representative Mary Jo Kilroy (D-OH) will introduce legislation (HR 4099) this week to facilitate retrofitting of HUD assisted properties. NH&RA’s Council For Energy Friendly Affordable Housing (CEFAH) has been working with Representative Kilroy, a junior member of the majority on the House Financial Services Committee, to draft this important bill.

The Wall Street Journal is reporting that Warren Buffett’s Berkshire Hathaway Inc. has joined Goldman Sachs Group Inc. in the investment bank’s bid to buy $3 billion in tax credits Fannie Mae. The Journal is also reporting that the Treasury Department is considering blocking any potential sale.

HUD’s Office of Policy Development and Research recently announced the launch of its new HUD USER website, which features new tools and layout that will make it easier to locate information and resources.

The Delaware State Housing Authority has released its 2010 low-income housing tax credit program funding round documentation.

The Maryland Department of Housing and Community Development recently issued a memo announcing its February 2010 competitive funding round for low-income housing tax credits.

The Wisconsin Housing and Economic Development Authority has released its underwriting criteria for 2010 low-income housing tax credit (LIHTC) program applications.

Members of NCAHMA’s Education Committee convened for an in-person meeting on November 10, 2009 at the Doubletree Hotel Magnificent Mile in Chicago. The meeting was held in conjunction with the 2009 Affordable Housing Underwriting Forum & Annual Meeting.

The New Mexico Mortgage Finance Authority has released a Request for Proposals (RFP) to identify and select qualified individuals to produce affordable multifamily rental real estate market analyses for proposed tax credit projects. The market studies will be used as one means of assessing proposed projects for allocation of low-income housing tax credits (LIHTC).

NH&RA recently surveyed our membership to find out more about their experiences to date with the TCAP and Exchange programs. As of October 15, respondents to our survey are working on or have closed more than 100 transactions involving nearly 7,500 units of affordable housing. These projects range dramatically in size from 20 to 200+ units with an average size of 66 units. Nearly 80 percent of our respondent’s transactions are new construction. There are several themes, trends and issues that are worth highlighting…

The Connecticut Housing Finance Authority has issued a memo of proposed amendments to its Low-Income Housing Tax Credit Qualified Allocation Plan and Procedures for 2010.