General News
HUD Announces Historical Timeline of Housing Policy
The U.S. Department of Housing and Urban Development’s (HUD) Office of Policy Development and Research has made available an interactive, historical timeline of key events, programs and legislation that has helped shape the nation’s housing policy since the 1930s.
CDFI Fund Schedules Conference Calls on Certification
The U.S. Treasury Department’s Community Development Financial Institutions (CDFI) Fund has schedueld a series of conference calls regarding CDFI Certification to allow potential certification applicants to receive guidance and ask questions about becoming a certified CDFI.
New York Agencies Hold Joint Session to Discuss Integration
On July 13, Brian Lawlor, Commissioner of DHCR and CEO of “nyhomes,” met with senior staff from both agencies and housing advocates from Long Island at the first of several roundtables to discuss opportunities and goals for the integration of nyhomes and DHCR.
Louisiana Announces Plan for Allocating Remaining TCAP Funds
In 2009, the State of Louisiana received approximately $39,383,397 in TCAP funds from HUD. The Agency has allocated nearly $36 million, with approximately $3 million of TCAP funding remaining due to developers returning previously allocated funds.
WHEDA Issues Guidance on Gap Financing
The Wisconsin Housing and Economic Development Authority has released memo that states it cannot guarantee gap funding for 2010 competitive low-income housing tax credit projects.
Delaware Extends Historic Tax Credit Program
Delaware Governor Jack Markell earlier this week signed into law Senate Bill No. 209, which authorizes a ten year extension of the state’s Historic Preservation Tax Credit program.
Senate Committee Approves USDA FY 2011 Appropriations Bill
On July 15, the Senate Appropriations Committee approved a USDA appropriations bill for FY 2011 that would increase funds for Section 502 direct and guaranteed loans.
Gilmore Kean Continues Leadership of HANO
The U.S. Department of Housing and Urban Development (HUD) recently announced that the current receivership team, Gilmore Kean, LLC will continue to lead the Housing Authority of New Orleans (HANO) from recovery to revitalization over the next three years.
Polis Calls on FHFA Director to Resolve PACE Issues
Congressman Jared Polis (D-CO) recently wrote a letter to Acting Director of the Federal Housing Finance Agency (FHFA) Edward DeMarco demand insisting that he work cooperatively with stakeholders and communities toward resolving issues under the Property Assessed Clean Energy (PACE) bond programs.
Colorado HFA Names New Director of Commercial Lending
Colorado Housing and Finance Authority (CHFA) has promoted Steve Johnson to director of commercial lending. In his new role, Steve will lead CHFA’s multifamily lending, Low Income Housing Tax Credit (LIHTC) allocation, and small business lending teams.
HUD Releases Guidelines for Subsidy Layering Reviews
The U.S. Department of Housing and Urban Development (HUD) recently provided guidelines that an agency must use in conducting subsidy layering reviews for newly constructed and rehabilitated structures combining other forms of government assistance, and Section 8 project-based voucher assistance.
IRS Solicits Public Comment on Final LIHTC Regulations
The Internal Revenue Service (IRS) has invited comments from the public on existing regulations concerning the Low-Income Housing Tax Credit (LIHTC) program.