Real estate development, particularly affordable housing, historic rehabilitation and New Markets Tax Credit transactions, is a challenging, knowledge-intensive, and relationship-driven enterprise. It requires up-to-the-minute knowledge and collaboration with top-notch professionals.
That’s where the National Housing & Rehabilitation Association comes in. Whether it’s issues of financing techniques, equity investment, deal structuring, asset management, subsidy allocations, project design, management operations or new development opportunities, you’ll get the information here. read more
NCHMA is please to announce that we will convene our 2013 Annual Meeting at the Renaissance Columbus Downtown Hotel in Columbus, Ohio October 23-24, 2013. read more
HUD Secretary Sean Donovan today announced a major restructuring and reorganization of the Multifamily Programs within U.S. Department of Housing & Urban Development. more
The U.S. Treasury Department’s Community Development Financial Institutions (CDFI) Fund announced Wednesday $3.5 billion in New Markets Tax Credit (NMTC) awards nationwide. Treasury will provide 85 organizations with tax credit allocation authority under the tenth award round of the NMTC Program. more
The U.S. Government Accountability Office (GAO) issued a new report entitled “Corporate Tax Expenditures: Information on Estimated Revenue Losses and Related Federal Spending Programs.” The report comes out as the U.S. Congress begins more serious consideration of tax reform. Presumably the data will be used to inform decisions as the topic is debated further and could have an impact on various programs utilized by NH&RA members. The report does not make any policy recommendations or endorsements regarding specific programs but does outline costs, revenue forgone and provides a basis for comparison acorss budget functions. more
On April 10, President Barack Obama introduced his fiscal year (FY) 2014 budget request. Obama's budget comes two months after it is Constitutionally required to be released and a few weeks after the U.S. House of Representatives and Senate passed individual budget resolutions (H Con Res 25 and S Con Res 8, respectively). While House and Senate measures specify appropriate budgetary levels for FY 2014-2023, neither set specific spending amounts for the various federal agencies for FY 2014, although there is already significant work underway in both Chambers to set spending priorities for the fiscal year starting on October 1, 2013.< more
HUD has released several notices recently regarding sequestration and budget impacts on programs including FHA mortgage insurance firm commitments, homeless assistance grant programs, and more. more
A nominating committee comprised of NH&RA Executive Officers and Past Chairmen nominated new Directors and Officers, and NH&RA&'s Executive Committee approved the nominations on March 7 at the Board of Directors meetings held in conjunction with NH&RA's 2013 Annual Meeting in Miami Beach, Florida. more
The National Council of Housing Market Analysts (NCHMA), a professional association of real estate market analysts and appraisers, has announced a new version of the organization’s Model Content Standards for Rental Housing Market Studies and Market Study Index. These documents contain recommended guidelines for the content of market studies prepared by market analysts on proposed new construction or substantial rehabilitation of multifamily housing projects. more
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