Caitlin Jones Author Archives

ICAST’s IRA & BIL Instant Benefit Estimate Calculator is now available on NH&RA’s website under the Resources section.

Federal Housing Finance Agency (FHFA) today proposed a rule that would establish housing goals for the government-sponsored enterprises (GSE) Fannie Mae and Freddie Mac for 2015 through 2017.

IRS recently released Revenue Procedure 2014-49 to make revisions to Revenue Procedure 2007-54 which established temporary relief from certain requirements of Section 42 of the Internal Revenue Code for owners and agencies located in areas affected by major disasters.

HUD recently released Housing Notice 2014-10 to make updates to certain procedures published in Notice 2011-18 “Processing Guidance for the Section 202 Supportive Housing for the Elderly and Section 811 Supportive Housing for Persons with Disabilities Programs.”

Community Development Financial Institutions Fund (CDFI Fund) will be holding a webinar on the CDFI Information Mapping System (CIMS3) for New Markets Tax Credit (NMTC) program participants.

Community Development Financial Institutions (CDFI) Fund has issued a call for well-qualified personnel to serve as application Reviewers and Alternates for the 2014 round of the New Markets Tax Credit (NMTC) program.

The U.S. Department of Housing and Urban Development (HUD) estimates that the shortfall in federal appropriations for the Public Housing Operating and Capital Funds has created a backlog of more than $25 billion in needed physical improvements to the nation’s 1.2 million public housing units, or roughly $24,000 per apartment.

This month’s issue explores the extremely specialized and essential field of affordable housing property management. The feature article (Driving the Dollars, p. 24) explains that the recipe for effective property management includes a mix of the right people on staff, strong policies and procedures, low turnover, and good marketing.

Representatives Dennis Ross (R-FL), Jim Himes (D-CT), John Delaney (D-MD) , Sean Duffy (R-WI), Emanuel Cleaver (D-MO) and Ann Wagner (R-MO) recently introduced “Pay-for-Success” legislation (H.R. 5104 ) to increase energy efficiency in multifamily rental housing.

Effective Friday July 18, 2014, Mark Van Kirk, the Director of Asset Management for the Office of Multifamily Housing Programs, will be departing HUD and Margaret Salazar will also be stepping down as Director of the Office of Affordable Housing Preservation (OAHP) to assume the role of Field Office Director for HUD’s Portland, OR office in August.

Last December, Wisconsin Act 62 created a 20 percent tax credit for rehabilitation of certain historic properties…

Representatives John Carney (D-DE), John K. Delaney (D-MD), and Jim Himes (D-CT) recently introduced the Partnership to Strengthen Homeownership Act (HR 5055), the latest of several housing finance reform proposals

Three out of the four recent Choice Neighborhoods Initiative (CNI) implementation grants were awarded to projects that involve NH&RA members.