General News

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

The Wisconsin Housing and Economic Development Authority today waived its low-income housing tax credit (LIHTC) program’s July 2009 “start date” rule for 2008 allocations due to tight equity markets that have caused delayed closings and construction starts for many 2008 allocatees.

The Michigan State Housing Development Authority has published a draft implementation plan for the new low-income housing tax credit exchange program and gap financing program (Tax Credit Assistance Program) established by the American Recovery and Reinvestment Act (ARRA).

The Community Development Financial Institutions (CDFI) Fund today released an amended Notice of Allocation Availability (NOAA) for the 2009 round of the New Markets Tax Credit (NMTC) Program.

President Barack Obama recently announced his intent to nominate Raphael Bostic as Assistant Secretary for Policy Development and Research at the U.S. Department of Housing and Urban Development.

The California Tax Credit Allocation Committee will hold public hearings on March 24 (Los Angeles), March 25 (Sacrament) and March 26 (Oakland) to discuss proposed amendments to the Low Income Housing Tax Credit Qualified Allocation Plan.

HUD has released the estimated median family incomes (MFIs) and income limits for Fiscal Year (FY) 2009. MFIs are used as the basis for income limits in several HUD programs (including the Public Housing, Housing Choice Voucher, CDBG, and HOME programs), as well as in programs run by the Department of Agriculture, the Department of Treasury, the Federal Deposit Insurance Corporation, the Federal Housing Finance Agency, and Government Sponsored Enterprises.

HUD Secretary Shaun Donovan announced that President Barack Obama has appointed Carol Galante as Deputy Assistant Secretary for Multifamily Housing Program.

Treasury Department’s Community Development Financial Institutions (CDFI) Fund is releasing its implementation plan to award funds from the the American Recovery and Reinvestment Act (Recovery Act). The New Markets Tax Credit portion of the plan provides details on how an additional $1.5 billion in NMTC allocation authority will be provided to applicants who applied for NMTC allocation authority under the 2008 application round.

The U.S. Department of Housing and Urban Development has announced that it will consider, on a case-by-case basis, requests from public housing agencies (PHA) to project-base HUD Veterans Affairs Supportive Housing program vouchers.

The Housing Assistance Council (HAC) has published a 2008 year-end report of the U.S. Department of Agriculture’s rural housing development programs.

The Delaware State Housing Authority has issued a notice of guidance related to the housing stimulus provisions contained in HR 1: The American Recovery and Reinvestment Act.

The U.S. Department of Housing and Urban Development’s Office of Policy Development and Research recently published its U.S. Housing Market Conditions report for the fourth quarter of 2008.