News

The Tennessee Housing Development Agency has published its initial application and instructions for the 2009 low-income housing tax credit program.

Grant S. Whitaker has replaced the retiring William Erickson as Chief Executive Officer of Utah Housing Corporation.

The state of Wyoming recently launched a new website that offers the public information about the impact of the American Recovery and Reinvestment Act (ARRA), and specifically how it will affect programs in Wyoming.

NH&RA has signed an industry letter to the Financial Accounting Standards Board (FASB) to issue guidance that will improve the Federal Home Loan Bank Systems ability to deliver resources to affordable housing developments.

n accordance with section 206A of the National Housing Act, HUD has adjusted the basic statutory mortgage limits for multifamily housing programs for calendar year 2009.

Beginning Friday, April 3, 2009 through Friday, April 24, 2009, initial public comments will be accepted on the Arizona Department of Housings First Draft 2009 QAP. The proposed 2009 QAP is predominantly the same as the 2008 QAP as modified by the additional underwriting requirements described in the 2008 Resubmittal Allocation Round Notice with several notable changes.

The 2009 HOME rent and income limits have been published and are effective April 27, 2009.

California Tax Credit Allocation Committee has issued a memo regarding its single 2009 funding round for 9% tax credits. CTCAC staff has proposed a regulatory scheme that would allow competitive Credit Ceiling (9%) reservation recipients 45 days following preliminary reservation to obtain an equity partner Letter of Intent. If applicants were unsuccessful in obtaining an equity partner, they could return their 9% credits and compete for cash in lieu of credits.

Montana Board of Housing will hold its QAP Input and Exchange Session for the 2010 QAP on May 20 & 21, 2009 in Great Falls.

Community Development Financial Institutions (CDFI) Fund has announced the appointment of José Villar to serve as the Chief Operating Officer (COO). As the COO, Mr. Villar will serve as the Director’s principal executive on CDFI Fund operations and program processes.

At a recent speech before the National Housing Conference HUD Secretary Shaun Donovan expressed the Obama Administration’s renewed support for affordable housing preservation.

Boston developer Lawrence Curtis was elected President of the National Housing & Rehabilitation Association (NH&RA) at our 2009 Annual Meeting in Key Largo, Florida, March 11-15, 2009.