General News

The California Tax Credit Allocation Committee (TCAC) has released the final program regulations for the administration of its 2010 low-income housing tax credit (LIHTC) program.

The U.S. Department of Housing and Urban Development (HUD) has announced two public meetings to discuss a proposed rule that would change regulations for the Indian Housing Block Grant (IHBG) program and the Title VI Loan Guarantee program, created by the Native American Housing Assistance and Self-Determination Reauthorization Act of 2008.

NH&RA’s Council for Energy Friendly Affordable Housing (CEFAH) is pleased to announce that the U.S. Department of Energy (DOE) is amending the eligibility provisions applicable to multi-unit buildings under the Weatherization Assistance Program for Low-Income Persons. The new regulations will make it easier for owners of HUD, LIHTC and USDA assisted apartments to utilize weatherization grants. CEFAH will be providing its members with in-depth analysis of this new rule. CEFAH is a working group of some of the most active owners and managers of affordable housing. Its goal is to identify areas where significant savings could be found and work with policymakers to obtain regulatory and legislative changes that make such improvements feasible and permissible. Click here to learn more about CEFAH.

U.S. Representative Barney Frank (D-MA), chairman of the House Financial Services Committee, recently announced that the government-backed mortgage finance giants, Fannie Mae and Freddie Mac are likely to be abolished and replaced with a new system for housing finance.

The Alabama Housing Finance Agency has released its application package for the 2010 low-income housing tax credit (LIHTC) program. AHFA will accept applications beginning March 8, 2010.

The Federal Housing Finance Agency (FHFA) has sent a proposed rule to the Federal Register establishing new housing goals for Fannie Mae and Freddie Mac.  The instructions include single-family and multifamily goals. FHFA is proposing multifamily goals for low-income families and for very low-income families, both expressed in terms of minimum numbers of units financed. In accordance with HERA, the GSEs will also be reporting their funding of low-income units in small (5-50 unit) multifamily properties.

The Montana Board of Housing will hold its Annual QAP (Qualified Allocation Plan) Information Input and Exchange Session on May 14.

Proposed in 2009, the state of Ohio has created the Ohio New Markets Tax Credit (ONMTC) program.

The Illinois Housing Development Authority recently announced the launch of a new website that allows users to conduct a state-wide search of rental properties to help residents find appropriate rental housing to fits their needs.

The New Jersey Housing and Mortgage Finance Agency has released its 2010 timeline for the state’s low-income housing tax credit (LIHTC) program.

The Ohio Housing Finance Agency has released the first draft of its 2011 Qualified Allocation Plan (QAP) for review and public comment.

The Virginia Housing Development Authority recently issued an update to provide clarity around certain items contained in its 2010 low-income housing tax credit (LIHTC) program application.