General News
OHFA Releases 2013 QAP Focus Group Materials, Solicits Comments
Ohio Housing Finance Agency (OHFA) has released the materials that were distributed during the 2013 Qualified Allocation Plan (QAP) Focus Groups on May 8 and 9. Materials are available here. OHFA is seeking further public comment on the topics discussed during the focus groups.
GAO Report Finds Limited Data on the Impact of CDBG, HOME
A new report released by the Government Accountability Office (GAO) finds that data on the overall impact of the CDBG and HOME Programs are limited because, among other things, such an evaluation would have to compare neighborhoods that received program assistance with those that did not.
Proposed Rule Would Implement Changes to Section 8
HUD has published a proposed rule in the May 15 Federal Register that would make conforming changes to the regulations of the Section 8 Tenant-Based Voucher and Section 8 Project-Based Voucher programs.
HUD’s U.S. Housing Market Conditions 1st Quarter 2012 Preview
HUD has released its U.S. Housing Market Conditions 1st Quarter 2012 Preview.
Ohio Agency Report Examines Affordable Housing Needs in Appalachia
A new study conducted by NCAHMA member Vogt Santer Insights assesses and provides recommendations for increasing the availability of affordable housing in the Appalachian region of Ohio.
HUD Notice Outlines Process, Makes Changes to Mark-to-Market Program
On May 14, HUD published Housing Notice 2012-10, entitled “Guidelines for Assumption, Subordination, or Assignment of Mark-to-Market (M2M) Loans in Transfer of Physical Assets (TPA) and Refinance Transactions.”
NAHMA Releases Affordable 100 List
The National Affordable Housing Management Association (NAHMA) has released its Affordable 100 list, which accounts for the largest affordable multifamily property management companies, ranked by total affordable units.
Maryland Opens Rental Housing Works Application Period
The Maryland Department of Housing and Community Development (DHCD) has announced the opening of the application period for its Rental Housing Works (RHW) program. RHW is a gap financing program for projects funded using DHCD’s Multifamily Bond Program (MBP); RHW applications must be submitted in conjunction with a MBP application.
GAO Report Finds NMTC Program Proportionally Serves Rural Areas
The Community Development Financial Institutions Fund (CDFI Fund) recently released a study conducted by the Government Accountability Office (GAO) that found that the CDFI and New Markets Tax Credit (NMTC) Programs were meeting goals set for proportionally awarding organizations that serve rural areas.
Industry Response to HUD MIP Increase
A group of national trade organizations representing organizations involved in the development, construction, ownership, and management of market rate and affordable multifamily rental housing and health care facilities sent a letter to HUD regarding the agency’s recent increase of mortgage insurance premiums (MIPs) for certain FHA multifamily housing, health care facilities, and hospital mortgage insurance programs for commitments to be issued or reissued in FY2013.
Kentucky Accepting Applications for PBRA Vouchers
The Kentucky Housing Corporation (KHC) has announced it will accept applications for Project-Based Section 8 Housing Choice Vouchers on Monday, June 25, 2012.
HUD Releases Policy on Eligible Indebtedness
The U.S. Department of Housing and Urban Development has issued Mortgagee Letter 2012-8 that sets forth HUD’s policy for defining the indebtedness eligible for refinancing in connection with healthcare (Sections 232 and 242) projects, and in connection with multifamily projects to include interest rate swap termination fees.