Jessica Hoefer Author Archives
Gabriella Seaton Joins Churchill Stateside Group as New Asset Manager
Churchill Stateside Mortgage Investment LLC announced the hiring of Gabriella Seaton as new asset manager.
California HCD Statewide Housing Plan Calls for 2.5 Million Homes
The California Department of Housing and Community Development (HCD) released a new Statewide Housing Plan, which sets a bold path forward to meet California’s required goal of adding at least 2.5 million homes over roughly eight years, with no less than one million of those homes targeted for lower-income households.
Florida Approves Applications for Four RFAs
The Board of Directors of Florida Housing Finance Corporation approved the Review Committees’ motions and staff recommendations to adopt the scoring results, select Applications for funding and invite the Applicants to enter credit underwriting regarding the following:
Texas Compliance Monitoring Roundtable – March 25
The Texas Department of Housing and Community Affairs (TDHCA) will host an in-person roundtable to discuss potential amendments to the Compliance Monitoring Rule (10 TAC Subchapter F).
HUD Revises Base City High Cost Percentage, High Cost Area and Per Unit Substantial Rehabilitation Threshold for 2022
In Mortgagee Letter 2022-05 and Housing Notice 2022-02, HUD increased the substantial rehabilitation for FHA insured loan programs from $15,000 to $16,983 per unit.
$12 Million Available for Multifamily for Oregon’s Land Acquisition Revolving Loan Program
Oregon Housing & Community Services announced $30 million in funding availability on a first come, first served basis for The Affordable Housing Land Acquisition Program (LAP) starting April 1, 2022.
Connecticut Defers Physical Inspections through June 30
The Connecticut Housing Finance Authority is deferring physical inspections through June 30, 2022 under IRS Notice 2022-05. CHFA will continue with remote compliance monitoring file reviews for the foreseeable future.
Upcoming Ohio Training Events – March 8 & 29
The Ohio Housing Finance Agency (OHFA) will host a compliance policies and regulations training on March 8 from 12:30 to 4:30 p.m. ET, register here.
Minnesota LIHTC Round One Technical Assistance Kickoff Event – April 19 & 20
Minnesota Housing will host a Consolidated RFP/LIHTC Technical Assistance Kickoff Event on April 19 and 20 in preparation for the 2022 Multifamily Consolidated Request for Proposals (RFP)/2023 LIHTC Round 1.
Texas Board Meeting – March 10
The Governing Board of the Texas Department of Housing and Community Affairs (TDHCA) will meet at 10 a.m. CT on March 10.
Oregon LIHTC Rules Update Webinar – March 31
Oregon Housing and Community Services will host a webinar from 10 to 10:30 a.m. PT on March 31 to update the rules governing the LIHTC program to update to the definitions so that they reflect the changes to the four percent LIHTC program and correctly reference the most current QAP.
Virginia Requires ROFR Template with Reservation Application
The Right of First Refusal (ROFR) template that is due with the reservation application may be submitted without the inclusion of the Investor Member and Special Member.