General News
HUD Announces 103% Proration for 2010 Operating Fund
The U.S. Department of Housing and Urban Development has issued a revised figure of 103 percent proration for the Operating Fund for 2010. Congress provided an appropriation for the Public Housing Operating Fund for 2010 that exceeded the administration’s request, despite the fact that the administration described its request as sufficient to provide 100 percent of subsidy eligibility under the current Operating Fund formula.
DHCD Solicits Comment on HDIP
Massachusetts Department of Housing and Community Development Undersecretary Tina Brooks is hosting three listening sessions on the Housing Development Incentive Program (HDIP).
NCAHMA Elects New Leadership Slate
The National Council of Affordable Housing Market Analysts (NCAHMA) recently elected our new executive committee and committee co-chairs for the forthcoming two-year term.
HUD, Puerto Rico to Develop Market-Based Housing Plan
The U.S. Department of Housing and Urban Development (HUD) and the Commonwealth of Puerto Rico have signed an agreement to develop and implement a comprehensive market-based housing plan on the island.
HUD Announces Mid-Atlantic Regional Director
U.S. Department of Housing and Urban Development Secretary Shaun Donovan recently announced President Obama’s selection of Jane Vincent to serve as HUD Regional Administrator the Mid-Atlantic region.
NCAHMA Annual Meeting PowerPoint Presentations
NCAHMA welcomed roughly 100 professionals to Chicago for its 2010 Affordable Housing Underwriting Conference & Annual Meeting on October 5-6. The event was one of NCAHMA’s best turnouts ever! If you missed it, don’t worry! You can download all of the PowerPoint presentations offered during the conference.
IRS Invites Comments on LIHTC Regulations
The Internal Revenue Service (IRS) has invited public comments on Treasury Decision (TD) 8563, State Housing Credit Ceiling and Other Rules Relating to the Low-Income Housing Credit.
CRA Reform Bill Introduced in House
U.S. Rep. Luis Gutierrez (D-IL) has introduced a bill (H.R. 6334) that would make legislative changes to the Community Reinvestment Act (CRA), which requires banks to meet the credit needs of low- and moderate-income neighborhoods in their service area.
HUD Announces Availability of Project-Based VASH Vouchers
HUD has announced the availability of 500 project-based HUD-Veterans Affairs Supportive (VASH) vouchers in a new competitive funding round.
HUD Issues Guidance Regarding M2M Loans
HUD’s Office of Housing on September 30 issued a new (H 10-22), effective immediately, containing guidelines for assumption, subordination, or assignment of Mark-to-Market (M2M) Program Loans in transfer of physical assets (TPA) and refinance transactions.
HUD Publishes Final Fair Market Rents for FY 2011
The U.S. Department of Housing and Urban Development has published Fair Market Rents for Fiscal Year 2011 for the Housing
Choice Voucher Program and Moderate Rehabilitation Single Room Occupancy Program.
HUD Publishes Final FMRs for FY 2011
The U.S. Department of Housing and Urban Development has published the final Fiscal Year 2011 Fair Market Rents (FMRs) on the HUD USER website, effective October 1, 2010.