General News

ICAST’s IRA & BIL Instant Benefit Estimate Calculator is now available on NH&RA’s website under the Resources section.

Beginning Friday, April 3, 2009 through Friday, April 24, 2009, initial public comments will be accepted on the Arizona Department of Housings First Draft 2009 QAP. The proposed 2009 QAP is predominantly the same as the 2008 QAP as modified by the additional underwriting requirements described in the 2008 Resubmittal Allocation Round Notice with several notable changes.

The 2009 HOME rent and income limits have been published and are effective April 27, 2009.

California Tax Credit Allocation Committee has issued a memo regarding its single 2009 funding round for 9% tax credits. CTCAC staff has proposed a regulatory scheme that would allow competitive Credit Ceiling (9%) reservation recipients 45 days following preliminary reservation to obtain an equity partner Letter of Intent. If applicants were unsuccessful in obtaining an equity partner, they could return their 9% credits and compete for cash in lieu of credits.

Montana Board of Housing will hold its QAP Input and Exchange Session for the 2010 QAP on May 20 & 21, 2009 in Great Falls.

Community Development Financial Institutions (CDFI) Fund has announced the appointment of José Villar to serve as the Chief Operating Officer (COO). As the COO, Mr. Villar will serve as the Director’s principal executive on CDFI Fund operations and program processes.

At a recent speech before the National Housing Conference HUD Secretary Shaun Donovan expressed the Obama Administration’s renewed support for affordable housing preservation.

Boston developer Lawrence Curtis was elected President of the National Housing & Rehabilitation Association (NH&RA) at our 2009 Annual Meeting in Key Largo, Florida, March 11-15, 2009.

Two congressional leaders have sent a letter to the U.S. Treasury Department asking it to promptly issue a revenue procedure to implement the new authority for state housing credit agencies to exchange low-income housing tax credit authority for cash grants, as authorized by the American Recovery and Reinvestment Act of 2009.

The Ohio Housing Finance Agency has published a draft implementation plan for the new funding programs provided by the American Recovery and Reinvestment Act (ARRA).

The Georgia Department of Community Affairs recently issued a preliminary implementation plan that it will use for allocating housing resources provided by the American Recovery and Reinvestment Act (ARRA).

The U.S. Department of Housing and Urban Development’s Economic and Market Analysis Division has published a Comprehensive Market Analysis report for the San Antonio, Texas market area.

The U.S. Department of Housing and Urban Development has published the latest annual indexed loan limits for its multifamily mortgage insurance programs, including Section 221(d)(3) and others.