General News

The Community Development Financial Institution Fund (CDFI Fund) has issued a call for comments about the New Markets Tax Credit (NMTC) Program. This request is due to the CDFI Fund’s ongoing mission to improve the effectiveness of the program while simultaneously reducing costs and the burden the program places on participants.

A new report entitled “The Effect on Program Participation of Replacing Current Low-Income Housing Programs with an Entitlement Housing Voucher Program” was released last week that estimates the effects of alternative reforms of the current system of low-income housing assistance on the number of people of various types who would receive assistance.

The Housing Assistance Council (HAC) has published “Rurality in the United States,” the first in its new series of Rural Research Notes, highlighting economic and housing characteristics of rural America.

The U.S. Department of the Housing and Urban Development (HUD) is soliciting comments from the public regarding the FY 2012 Transformation Initiative for Research Grants related to the Choice Neighborhoods Demonstration’s Small Grants Research Program.

HUD recently announced that it is proposing new regulatory requirements under its HOME Investment Partnerships Program (HOME) that would re-write some of HOME’s compliance requirements.

California’s Tax Credit Allocation Committee (TCAC) has released its proposed 2011/2012 Tax Credit Program Schedule & Deadlines. Public hearings for proposed regulation changes will be held in December 2011.

The Alaska Housing Finance Corporation (AHFC) recently announced the formation of a subsidiary, the Corporation for Affordable Housing (CAH), which was created in order to provide additional development of public housing in the state of Alaska.

Arizona’s Department of Housing has scheduled a public hearing on November 16 to gather additional comments on the 2012 Qualified Allocation Plan.

The Arkansas Development Finance Authority (ADFA) has published the Final 2012 Housing Credit Program Qualified Allocation Plan (QAP).

The Community Development Financial Institutions (CDFI) Fund has made significant updates to its New Markets Tax Credit (NMTC) Compliance and Monitoring Frequently Asked Questions. The Fund has added and/or significantly modified nearly 26 questions.

The California Supreme Court announced this week that it will hear oral arguments in the California Redevelopment Assn. v. Matosantos (S194861) redevelopment case on November 10, 2011.

The Georgia Department of Community Affairs (DCA) Office of Affordable Housing (OAH) has released the proposed 2012 Qualified Allocation Plan (QAP).