HUD

HUD’s Economic and Market Analysis Division has published a Comprehensive Housing Market Analysis report for the Omaha-Council Bluffs, Nebraska-Iowa region.

The U.S. Department of Housing and Urban Development (HUD) has released income limits and accompanying materials for 2010, including median family incomes, state income limits, and a map of state income limits and median incomes.

The U.S. Department of Housing and Urban Development (HUD) recently issued a notice that invites comments from the public on a proposed study that examines what happens to LIHTC properties after the first 15 years, when the original use restrictions for properties that received tax credit allocat ions before 1990 expired, and when some tax credit properties funded after that date also were able to leave the program.

Sue Wilson, Director of HUD’s HOPE VI office, will meet with NH&RA’s HOPE VI Council on May 20 during the Association’s Spring Policy Forum conference in Washington, D.C. Ben Metcalf, Senior Advisor to the Deputy Assistant Secretary for Multifamily Housing, will also attend. The meeting is expected to focus in part on the proposed Choice Neighborhoods Initiative program.

The House Financial Services Committee passed energy efficiency legislation based on proposals developed by NH&RA and its Council for Energy Friendly Affordable Housing.

Over the past several days NH&RA has met with several key House and Senate staffers on the tax writing, banking/financial services and appropriations committees to discuss critical legislation impacting affordable housing, historic rehabilitation and New Markets Tax Credit development.

U.S. Department of Housing and Urban Development Secretary Shaun Donovan has named Adolfo Carrión to serve as the Regional Director for New York and New Jersey. Carrión, is currently Deputy Assistant to the President and Director of the White House Office of Urban Affairs.

HUD’s Economic and Market Analysis Division has published two new Comprehensive Housing Market Analysis Reports for the Houston, Texas and Jackson, Mississippi market areas.

HUD’s Office of Policy Development and Research (PD&R) has posted three sets of working papers “” Economic Development and Public Finance, Housing Finance, and Program Monitoring and Research “” on HUD USER’s website. These scientific and technical papers were written by PD&R staff as a means of sharing information, eliciting feedback, and sparking further discussion.

National Council of Affordable Housing Market Analysts (NCAHMA) is please to offer FIVE digital audio recordings of select panel sessions held during its 2010 Spring Underwriting Forum, April 7-8 in New Orleans.

HUD USER recently updated the State of the Cities Data System to include labor statistics for February 2010, using Local Area Unemployment Statistics data from the Bureau of Labor Statistics.

On March 16 HUD issued a new mortgagee letter that effectively raises the maximum FHA mortgage amount for multifamily FHA-insured loans by excluding land value from the calculation of the statutory mortgage limits. It is expected that this new determination by the FHA will expand the use of FHA insurance for multifamily housing in major high-cost cities such as New York City, San Francisco, Boston, and Philadelphia. NH&RA’s General Counsel Bingham McCutchen provided the following summary: