News

The California Tax Credit Allocation Committee recently released its 2009 applications for 4% and 9% tax credit exchange and gap financing.

The Colorado Housing and Finance Authority has released a draft version of its 2010 qualified allocation plan (QAP). The document, used to govern the low-income housing tax credit (LIHTC) program, includes the state’s tax credit allocation process, underwriting and scoring criteria, energy efficiency requirements, fee schedules and other program requirements.

The Colorado Housing and Finance Authority recently published its new Green Communities Criteria and Certification Form. Beginning in 2010, to be eligible for LIHTC through CHFA, a project must comply with all of the mandatory provisions of the Green Communities criteria.

The U.S. Department of Housing and Urban Development’s Office of Policy Development and Research website, HUD USER recently released a comprehensive housing market analysis report for the Austin-Round Rock, Texas market area.

U.S. Treasury Secretary Tim Geithner and Department of Housing and Urban Development Secretary Shaun Donovan recently called on Congress to approve three proposed measures to improve housing markets and provide better housing options for Americans.

With its announcement of $284 million in funding for California, the U.S. Treasury Department has allocated over $3 billion to states through the Section 1602 Tax Credit Exchange Program, provided by the American Recovery and Reinvestment Act.

The U.S. Department of Housing and Urban Development recently issued a notice soliciting comment from State housing credit agencies on reporting and record-keeping requirements of the Tax Credit Assistance Program (TCAP).

U.S. Treasury Secretary Timothy Geithner will be joined by Community Development Financial Institutions (CDFI) Fund Director Donna Gambrell to announce the 2009 New Markets Tax Credits (NMTC) Program awards on Friday, October 30 in Chicago.

NH&RA’s HOPE VI Council brings together the most active developers and advisers in this sector to help address ongoing issues with the capitalization and operation of HOPE VI and mixed-finance developments across the country. In recent months, the Council has focused its efforts on the proposed Choice Neighborhoods Initiative (CNI).

NH&RA’s NMTC Council’s Steering Committee responded to the Community Development Financial Institution (CDFI) Fund’s request for comments on its allocation application for the federal New Markets Tax Credit Program, in preparation for the 2010 funding round. The Council’s letter focused primarily on issues pertaining to Related Party Equity Investments.

The National Housing & Rehabilitation Association (NH&RA) will present its 2009 Vision Award to two Bostonians for outstanding accomplishments and leadership in the field of affordable housing, at a November 2 ceremony in Boston during the NH&RA Fall Developers Forum.

CEFAH has been working with Representative Mary Jo Kilroy (D-Ohio) and are pleased to report that she is well along in drafting “CEFAH legislation”. The draft legislation addresses a good portion of our legislative agenda (as laid out in our white paper from earlier this year)