Multi-Family Finance

Louisiana

HUD Updates Fair Market Rents for New Orleans

The U.S. Department of Housing and Urban Development has updated the FY 2009 Fair Market Rents to be used for FMRs for New Orleans, LA and Pearl River, MS for the Housing Choice Voucher Program and the Moderate Rehabilitation Single Room Occupancy Program.

HUD

HUD Updates Multifamily Mortgage Limits

n accordance with section 206A of the National Housing Act, HUD has adjusted the basic statutory mortgage limits for multifamily housing programs for calendar year 2009.

HUD

HUD Issues New Multifamily Mortgage Limits

The U.S. Department of Housing and Urban Development has published the latest annual indexed loan limits for its multifamily mortgage insurance programs, including Section 221(d)(3) and others.

HUD

HUD Delays Effective Day of Income, Rent Determination Changes

The U.S. Department of Housing and Urban Development (HUD) has delayed, to September 30th, of the effective date for a final rule entitled, “˜”˜Refinement of Income and Rent Determination Requirements in Public and Assisted Housing Programs.”

congress-capitol

HUD Allocates More Than $10 Billion of Recovery Act Funding One Week After Bill Signing

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.

congress-capitol

Obama Signs Stimulus Legislation 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.

congress-capitol

Center on Budget and Policy Priorities Issues Report on Low-Income Housing Programs

The Center on Budget and Policy Priorities has issued a new report, entitled “Decade of Neglect Has Weakened Federal Low-Income Housing Programs: New Resources Required to Meet Growing Needs.”

NH&RA News

Industry Group Urges Federal Reserve to Use Funds to Buy Multifamily Securities

The National Multi Housing Council has sent a letter to Fed Chairman Ben Bernanke urging the Federal Reserve Board to purchase Fannie Mae and Freddie Mac multifamily mortgage-backed securities (MBS) as part of its announced $500 billion commitment to buy Fannie Mae, Freddie Mac, and Ginnie Mae MBSs.

Ohio

Ohio Issue Draft 2009 Guidelines for Loan Program

The Ohio Housing Finance Agency (OHFA) has released draft guidelines for 2009 for its Housing Development Loan Program.

congress-capitol

TCA October 2008 Issue Theme: Historic Rehabilitation

Tax Credit Advisor
October 2008
Issue Theme: Historic Rehabilitation

congress-capitol

Senate Passes Stimulus Measure; Side-By-Side Comparison of Tax and Housing Provisions

The United State Senate has approved HR1: The American Recovery and Reinvestment Act of 2009 on a vote of 61-37. The Congressional Budget Office reports that the current version of the measure would cost $838 billion over ten years. Only three Republicans voted in favor of the measure. The package now heads to a House-Senate conference to resolve differences between the two versions. A compromise measure is expected towards the end of the week. A summary of the key housing and tax credit related provisions include…

HUD

Congressman Frank Lays Out Housing Financial Services Committee Agenda

House Financial Services Committee Chair Barney Frank (D-Mass.) laid out the committee’s policy priorities for 2009 in a wide ranging press conference today, February 3. The agenda includes a number of affordable housing related items.

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