General News

HUD is seeking comments on alternative survey methodologies to collect gross rent data for specific areas in a relatively fast and accurate way that may be used to estimate and update Section 8 Fair Market Rents (FMRs) in areas where FMRs are believed to be incorrect and data from the American Community Survey is not available at the local level.

HUD is soliciting comments from potential applicants with regard to the Energy Innovation Fund ““ a new pilot program for increasing the energy efficiency of multifamily housing.

The Federal Housing Finance Agency (FHFA) has issued a final rule to establish a framework for conservatorship and receivership operations for Fannie Mae, Freddie Mac and the Federal Home Loan Banks, as contemplated by the Housing and Economic Recovery Act of 2008 (HERA).

Affordable rental housing is the subject of Department of Housing and Urban Development’s spring 2011 issue of Evidence Matters. The issue centers on the role rental housing policy plays in housing and community development.

Wisconsin Housing and Economic Development Authority (WHEDA) Executive Director Wyman Winston has announced that WHEDA will be holding a special round of competitive Low Income Housing Tax Credits (LIHTC) to help address immediate housing needs in the City of Marinette.

The Montana Board of Housing has announced a second 2011 LIHTC round with $118,913 in available credits.

The Virginia Housing Development Authority will hold its LIHTC 2012 QAP Forum on June 23 in Richmond.

On June 15 Senators Richard Shelby (R-Ala.) has introduced legislation to provide relief to states that suffered damage by the series of tornadoes and flooding that have struck the south east.

The IRS has issued an administrative notice (Notice 2011-47) that suspends certain requirements under section 42 of the Internal Revenue Code for certain low-income housing credit properties in the United States as a result of the devastation caused by severe storms, tornadoes, and flooding in Missouri beginning on April 19, 2011.

Rhode Island lawmakers are considering a bill (H 6098) that would reinstate the state’s historic preservation tax credit, after it was eliminated in 2008.

We are pleased to announce that online registration and hotel reservations are now open for the National Council of Affordable Housing Market Analysts Affordable Housing Underwriting Conference & Annual Meeting.

The House Appropriations Subcommittee on Financial Services and General Government announced a FY-2012 spending bill this week that includes $183 million for the CDFI Fund, with $12 million set aside for the Native American CDFI initiative and $22.9 million set aside for administration.