HUD

Thanks to everyone that made the 2009 Summer Institute a great success! We were blown away by all of the compliments about the quality of the program and networking. I especially want to thank all the great speakers! Its not every day that so many industry leaders and innovators can come together to share ideas and innovations. In such a tough business environment it was inspirational to see how our members are creating new opportunities to close transactions. If you didn’t make out to Vermont here are a few things that you missed…

On-Site Insight, the capital planning subsidiary of CAS Financial Services has begun field inspections of the nation’s 1.3 billion-unit public housing portfolio to provide Congress and HUD a quantitative cost estimate for addressing public housing’s multi-billion-dollar capital backlog.

U.S. Housing and Urban Development Secretary Shaun Donovan has named Barbara Sard his Senior Advisor for Rental Assistance.

The U.S. Department of Housing and Urban Development recently announced that Shelley Poticha has been appointed Senior Advisor for Sustainable Housing and Communities.

The U.S. Department of Housing and Urban Development recently released updated guidance for the Tax Credit Assistance Program (TCAP), provided by the American Recovery and Reinvestment Act of 2009.

The U.S. Department of Housing and Urban Development has issued a new notice (H 09-08) that gives HUD Multifamily Hub Offices temporary authority to grant waivers of the standard “three-rule rule” for projects applying for HUD Section 223(f) multifamily mortgage insurance.

The U.S. Department of Housing and Urban Development has released new Comprehensive Housing Market Analysis reports for Mobile, Ala.; St. George, Utah; and Grand Junction, Colo.

The U.S. Department of Housing and Urban Development (HUD) on July 29 issued new guidance to further clarify and ease the use of FHA multifamily mortgage insurance for projects that utilize low-income housing tax credits or tax-exempt financing.

The U.S. Department of Housing and Urban Development has released its proposed 2010 Fair Market Rents.

The National Housing & Rehabilitation Association is pleased to announce that it has made available the PowerPoint presentations displayed during the recent 2009 Summer Institute & Pre-Conference Symposium on New Markets Tax Credits, held July 29 – August 1, 2009 in Woodstock, Vermont.

The Government Accountability Office (GAO) recently conducted a report to study the impact of the Community Development Block Grant (CDBG) disaster program in Louisiana and Mississippi.

Dr. Raphael Bostic has been sworn in as the Assistant Secretary for Policy Development and Research at the U.S. Department of Housing and Urban Development. He was confirmed by the U.S. Senate on July 10, 2009.