Federal / Agency News

NH&RA News

NH&RA Hosts ICAST IRA & BIL Instant Benefit Estimate Calculator

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

HUD

HUD Updates LIHTC Tenant Data to Include 2013

The LIHTC portfolio grew by 481 properties, encompassing 125,876 units, from 2012 to 2013, according to recent data from HUD. The report was a follow-up to last year’s release of Understanding Whom the LIHTC Program Serves: Tenants in LIHTC Units.

IRS

IRS Releases 2016 Population Estimates

Annual population estimates determine the amount of Low-Income Housing Tax Credit and tax-exempt private activity bond authority is available for a given year.

Member News

Loan for Senior Center Caps Formative First Year for New FHA Bridge Loan Platform

The bridge loan platform provides interim funding support for acquisition and refinancing applications on HUD multifamily and healthcare loans. It was expanded to include tax credit equity bridge loans and conventional financing for multifamily and healthcare new construction.

HUD

HUD Releases FY 2016 Income Limits

The U.S. Department of Housing and Urban Development released FY-2016 income limits to be used when setting maximum rental rates for housing financed using Low-Income Housing Tax Credits or Tax-Exempt Bonds, as well as income limits to determine eligibility for HUD-assisted housing programs.

HUD

HUD Seeks Strategies to Keep RAD Transactions On Time

Preparing for an unprecedented number of RAD transactions this year, HUD is already seeing requests for extensions to Financing Plan submission deadlines. HUD will host a listening session to discuss incentives or remedies short of revoking CHAPs to keep PHAs on schedule and to mitigate the surge of volume at year-end.

HUD

HUD Solicits Comments on AFFH Tool for States and Insular Areas

Over the next 60 days, HUD is soliciting comments on the Affirmatively Furthering Fair Housing Assessment Tool for States and Insular Areas. One of three AFFH Assessment Tools, this tool is to be used where the State is designated as the lead entity.

HUD

Ask Your Congressmen to Sign-On to Support HOME Funds

The deadlines for Congressmen to sign-in to the letters of support for HOME funds are this Friday, March 11 in the House and March 15 in the Senate.

General News

IRS Updates LIHTC Compliance Protocol

The Internal Revenue Service updated the regulations that set the minimum number of low-income units in a Low-Income Housing Tax Credit project for which a housing finance agency must conduct physical inspections and low-income certification reviews.

General News

NPS Report Demonstrates Value of “Piggyback” State Historic Credits

The Fiscal Year 2015 Annual Report from the National Park Service, Federal Tax Incentives for Rehabilitating Historic Buildings, reveals a program that helped provide homes for low- and moderate- income residents, boosted local economies, and created jobs.

HUD

HUD Releases New Median Zip Code Rents for Section 8 Renewal Rent Comparability Studies

Section 9-23 of the new Section 8 Renewal Policy Guide provided instructions for comparing the median rents as derived by the appraiser in a RCS with Census Bureau estimates of the median rents in the project’s zip code. HUD has recently published the new median zip code rents and the 140 percent thresholds.

NH&RA News

Obama Seeks to Leave Behind Strong Affordable Housing Programs

The President’s proposed FY-2017 budget shows support for several of the key tax credit, HUD, and rural development programs that spur the development of affordable housing by private developers.

General News

FY-2016 Funding Round Opens for Capital Magnet Fund

CDFIs and qualified non-profits can use Capital Magnet Fund awards to create financing tools such as loan loss reserves, revolving loan funds, risk-sharing loans, and loan guarantees.

[Page 120 of 150 ]