Rural Housing

NH&RA was thrilled to welcome over 250 participants to the Loews Miami Beach Hotel in South Beach for our 2013 Annual Meeting. All conference materials, Power Point presentations, relevant articles, reports, memos, etc. are available below under the relevant session titles.

U.S. Senators Max Baucus (D-MT) and Orrin Hatch (R-UT) recently introduced legislation that would make permanent the enhanced tax incentives for conservation easements (including historic buildings) that are scheduled to expire at the end of 2013.

The California Tax Credit Allocation Committee has posted its 2013 applications for its 2013 9% Competitive Tax Credit Application, 2013 4% Competitive Tax-Exempt Bond Application Combining Federal and State Tax Credits and 2013 4% Tax-Exempt Bond Application. The committee has also posted numerous attachments including…

An Unnumbered Letter from the US Department of Agriculture (USDA) Office of Rural Development (RD) provides guidance and instructs USDA staff on reconciling procedural differences between the Section 538 Guaranteed Rural Rental Housing and Section 515 Rural Rental Housing Loan programs.

A recent Administrative Notice released by the U.S. Department of Agriculture (USDA) Rural Development, Notice 4679, announces that the transition to using data from the 2010 decennial Census and American Community Survey (ACS) will be delayed until March 27, 2013, when the recently passed continuing resolution expires.

The U.S. Department of Agriculture (USDA) Rural Development has released an Unnumbered Letter (UL) to provide guidance on the Rural Development Capital Needs Assessment (CNA) processes for multifamily properties.

NCHMA is pleased to present the conference materials including Power Point presentations relevant articles, reports, memos, etc. from our recent Annual Meeting held in Chicago, IL September 6-7 at the Conrad Hotel.

In an email message to congressional offices, The U.S. Department of Agriculture (USDA) explains that the department has rescinded a previous Section 515 NOFA that was to be used for new construction funding.

Several important differences between rural and urban market studies include market area definitions, evaluation of comparables, and consideration of demand. On the surface, it seems like defining a rural market area might be purely a matter of opinion, but well-established analytic tools are available to assist market analysts. Evaluating comparables, understanding how the proposal would fit into the market, and understanding what the demand calculations really mean are more a matter of experience.

The U.S. Department of Agriculture (USDA) Rural Housing Service (RHS) has published a final rule (RIN 0575″“AC66) relating to reserve accounts for new construction Section 515 or 514/516 multifamily properties.

The U.S. Government Accountability Office (GAO) recently completed a study entitled “Efforts to Identify and Reduce Improper Rental Assistance Payments Could Be Enhanced” in order to examine improper rental assistance payments within the U.S. Department of Agriculture (USDA) Rural Housing Service (RHS).

The Senate recently agreed to an amendment (S.AMDT.2242) to the Agriculture Reform, Food, and Jobs Act of 2012, the Farm Bill (S. 3240) to amend Section 520 of the Housing Act of 1949 to revise the census data and population requirements for areas to be considered as rural.