HUD

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.

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).

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).

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)

The Obama administration has announced a new initiative for state and local housing finance agencies (HFAs) that will support lower mortgage rates and expand resources for low-income borrowers to rent or purchase affordable housing.

The U.S. Department of Housing and Urban Development’s (HUD) Policy Development and Research arm, HUD USER, has released Comprehensive Housing Market Analyses for the Dallas, Texas and Las Vegas-Paradise, Nevada market areas.

NH&RA announced today that a rare assemblage of five state allocators from adjoining Midwestern states will be a highlight of the Annual Meeting of the National Council of Affordable Housing Market Analysts (NCAHMA) at Chicago’s Doubletree Hotel on November 9 and 10.

HUD’s Federal Housing Administration (FHA) has proposed a new rule that would conform multifamily mortgage insurance regulations to a provision in Title VIII of the Housing and Economic Recovery Act of 2008 that prohibits a requirement that tax credit sales proceeds be placed into escrow, at the time of initial endorsement, for assurance of project completion and to pay the initial service charge, carrying charges, and legal and organizational expenses incident to the construction of the project.

The U.S. Department of Housing and Urban Development (HUD) has issued a proposed rule that would modify the Federal Housing Administration’s (FHA) multifamily mortgage insurance regulations to prohibit a requirement that proceeds from the sale of tax credits be placed in escrow at the time of initial endorsement for assurance of project completion and to pay the initial service charge, carrying charges, and legal and organizational expenses related to project construction.

The U.S. Department of Housing and Urban Development is requesting public comments and feedback by November 6 to determine whether it should continue its “hold harmless” policy by maintaining local Section 8 income limits at the previously published level in cases where HUD’s estimate of area median family income or housing cost adjustment data, or changes in calculation methodology, would lead to a reduction in the income limit from the previous year.

A new AARP report co-authored by the National Housing Trust and Reconnecting America has found that more than 250,000 privately-owned, federally subsidized apartments exist within walking distance to quality transit in 20 metro areas.

HUD has issued a notice designating its annual “Difficult Development Areas” (DDAs) and “Qualified Census Tracts” (QCTs) for purposes of the Low-Income Housing Tax Credit (LIHTC).