News

The Michigan State Housing Development Authority has made several announcements pertaining to affordable housing developers.

The South Carolina State Housing Development & Housing Authority has released the final implementation plan and funding application for its low-income housing tax credit (LIHTC) Exchange program, created by the American Recovery and Reinvestment Act of 2009.

The Missouri Housing Development Commission has released its 2009 Gap Funding Round Submission Documents and Guidelines for awardees.

The U.S. Census Bureau recently released a report analyzing the country’s housing unit estimates at the national, state and county levels.

The Community Development Financial Institutions (CDFI) Fund is currently soliciting public comments on the proposed New Markets Tax Credit Program (NMTC) Allocation Application.

The House of Representatives has by a vote of 256-168 2010 Transportation, Housing and Urban Development Appropriations Bill.

The US House of Representative passed the American Clean Energy and Security Act of 2009 (HR 2454) on June 26th. This far reaching climate change legislation includes an important section on building energy retrofits (Section 202). Additionally, the legislation incorporates Representative Ed Perlmutter’s (D-Colo.) Green Resources for Energy Efficient Neighborhoods (GREEN) Act (Subtitle H).

NH&RA’s HOPE VI Council is convening at the 2009 Summer Institute, on July 31 to brainstorm and provide feedback on the Obama Administration’s proposed Choice Neighborhood Initiative (CNI). The proposed FY-2010 HUD Budget has allocated $250 million for this program, which would replace the HOPE VI program and expand its scope to address neighborhoods in a broader based manner.

The IRS has issued a notice establishing announcing an initial allocation round of the advanced energy project credit under the program. $2.3 billion in tax credits will be available through the Advanced Energy Manufacturing Tax Credit (MTC) program created, which was created in the American Recovery & Reinvestment Act of 2009.

Arizona Governor Jan Brewer has named Michael Trailor as Director of the Arizona Department of Housing.

Milroy Alexander, Executive Director of the Colorado Housing and Finance Authority (CHFA), announced his retirement, effective in November.

The Alabama Housing Finance Agency (AHFA) recently issued a notice of amendment to its allocation plan for the Section 1602 Tax Credit Exchange Program, provided for by the American Recovery and Reinvestment Act.