HUD

The U.S. Department of Housing and Urban Development has released new guidance and documents for the Tax Credit Assistance Program, which will provide federal funds through state housing credit agencies to stalled low-income housing tax credit projects to move them forward.

David Sterns was recently sworn in as the new Assstant Secretary for Housing and the Federal Housing Administration (FHA) Commissioner at the U.S. Department of Housing and Urban Development (HUD).

NH&RA has uploaded new video excerpts from the 2009 Spring Developers Forum, May 11-12 in Los Angeles, California. If you missed these great sessions you can view video excerpts from the meeting on HousingOnline’s You Tube Channel. The session explored new funding sources made available by the American Recovery & Reinvestment Act including the Tax Credit Exchange and TCAP Programs and in particular issues pertaining to the recent guidance provided by HUD, the Department of Treasury and the IRS on the implementation of these programs. Featured speakers include Peter Bell (NH&RA), Ronne Thielen (Centerline Capital), Joel Rubenzahl (Community Economics Group), Tom Capp (Gorman & Company) and Jeanne Peterson (Reznick Group).

U.S. Department of Housing and Urban Development Secretary Shaun Donovan recently announced $1.8 million in Community Development Block Grant funding to Birmingham, Alabama through the American Recovery and Reinvestment Act.

The U.S. House of Representatives’ Financial Services Committee convened today to markup proposed legislation, H.R. 3045, to reform the housing choice voucher program under section 8 of the United States Housing Act of 1937.

HUD’s Office of Policy Research and Development has published a comprehensive housing market analysis report for the Des Moines, Iowa area.

The U.S. Department of Housing and Urban Development’s Office of Policy Development and Research has published a comprehensive housing market analysis report for the Chattanooga, Tennessee-Georgia area through its website, www.huduser.org.

House Financial Services Committee Chairman Barney Frank (D-Mass.) introduced legislation (HR 3068) that would that would send $2.5 billion in TARP dividends to housing programs created by the last Congress and dedicate $4 billion of what remains from the original $700 billion in TARP funding to other efforts to help struggling homeowners.

U.S. Department of Housing and Urban Development Secretary Shaun Donovan yesterday announced that HUD has approved requests from 26 states for over $1 billion in funding through the Tax Credit Assistance Program (TCAP), provided by the American Recovery and Reinvestment Act of 2009 (ARRA).

On June 18, 2009, an updated version of Housing Notice 09-03 Exclusion of Deferred Department of Veterans Affairs Disability Benefits from Annual Income was posted on HUDCLIPS.

The U.S. Department of Housing and Urban Development’s Office of Policy Development and Research has updated its Guide to HUD USER Data Sets.

The U.S. Department of Housing and Urban Development’s Office of Policy Development and Research has published a series of reports as components of its American Housing Survey that describe changes in the nation’s housing inventory and rental markets from 2005-2007.