General News

The Georgia Department of Community Affairs has released the updated Economic Development Financing Packet. The resource contains information about various federal, state, and local financing programs, governed by various state departments and other public entities, that directly or indirectly benefit Georgia businesses.

The California Tax Credit Allocation Committee (CTCAC) has issued a memorandum to low-income housing tax credit property owners and managers announcing new policy changes for its 2010 compliance monitoring program.

The Arkansas Development Finance Authority (ADFA) has adopted emergency rules for projects funded by the Tax Credit Assistance Program (TCAP) and Section 1602 Exchange Program, effective immediately.

The U.S. Department of Housing and Urban Development has released maps of American Housing Survey (AHS) metropolitan zones through its HUD USER website.

The U.S. Department of Housing and Urban Development has released a Comprehensive Housing Market Analysis for the Raleigh-Durham, North Carolina market area.

The Obama Administration this week announced a national conference in Washington, DC on August 17 that will help provide critical public input relating to its ongoing work to develop a comprehensive housing finance reform proposal.

A monthly newsletter covering sustainable community planning and development is available free of charge from Partnership for Sustainable Communities (PSC).

Starting this summer, the U.S. Green Building Council (USGBC) has opened the Building Performance Partnership (BPP), a program designed to engage owners and managers of LEED-certified buildings and optimize the performance of buildings through data collection and analysis.

Red Stone Partners, a national real estate finance company active in the affordable multifamily housing market, recently established a new $250 million investment fund for the acquisition of fixed rate tax-exempt multifamily housing bonds.

The Montana Community Development Corporation (MCDC) recently announced that David Glaser has been elected the new President of MCDC, replacing Rosalie Sheehy Cates who resigned after serving for over two decades.

The Federal Housing Administration’s (FHA) Mortgagee Review Board has published a public notice that announces several administrative actions against FHA-approved lenders who failed to meet its requirements.

On July 21, President Obama signed the Restoring American Financial Stability Act of 2010 (H.R. 4173) into law, the most significant financial reform legislation since the Depression.