News

The following is an excerpt from February 15, 2009 HUD Press Release

WASHINGTON ““ The U.S. Department of Housing and Urban Development (HUD) today allocated nearly 75 percent of its funding, or $10.1 billion, made available through the American Recovery and Reinvestment Act of 2009. The Recovery Act includes $13.61 billion for projects and programs administered by HUD, 75 percent of which was allocated to recipients today ““ only one week after President Obama signed the Act into law.

Please see the following summary of key provisions from the conference report of HR 1: The American Recovery and Reinvestment Act. The House of Representatives and Senate voted in favor of the measure and President Obama signed the measure into law Tuesday, Feb. 17.

The Office of the Comptroller of the Currency (OCC) has published a Community Developments Insights report that describes how banks and their partners in the community are working to dispose of foreclosed properties in creative ways that will preserve affordable housing opportunities and stabilize communities.

The U.S. Department of Housing and Urban Development (HUD) has published a notice describing the regulatory waiver requests it granted during the fourth quarter of 2008

NH&RA has made available individual PowerPoint presentations from the recent 2009 Annual Meeting & NMTC Symposium, March 11-15 in Key Largo, Florida.

Minnesota Housing has issued a notice outlining proposed revisions to its qualified allocation plan (QAP) and procedural manual for its 2010 low-income housing tax credit program.

The California Tax Credit Allocation Committee (TCAC) and the California Debt Limit Allocation Committee (DLAC) have published joint market study guidelines for their 2009 low-income housing tax credit and tax-exempt bond allocation programs.

Arkansas State Rep Robert Moore has introduced a bill (HB 1953) that would create an Arkansas state historic rehabilitation tax credit.

Montana state legislature is considering legislation (HB 631) that would increase the state’s rehabilitation tax credit from 25% to 100% of the federal rehabilitation tax credit.

Congressional Quarterly (CQ) has reported that the Obama Administration this week will unveil plans to link and coordinate federal transportation and housing policy, with a focus on livable communities.

New York’s state historic rehabilitation tax credit would be expanded by newly introduced bills.

The Abell Foundation has published a new report on the impact of Maryland’s state historic preservation tax credit.