General News
Kentucky Approves 2010 QAP
The Kentucky Housing Corporation has released the final, approved version of its qualified allocation plan for the 2010 low-income housing tax credit (LIHTC) program. KHC will make approximately $9 million available through its 2010 program.
Georgia Schedules Public Hearings on 2010 QAP
The Georgia Department of Community Affairs (DCA) has scheduled a series of three public hearings to provide an opportunity for public comment on proposed changes to the 2010 qualified allocation plan (QAP).
Florida Implements Public Housing Mitigation Initiative
The Florida Housing Finance Corporation recently appropriated $1 million through the Public Housing Mitigation Initiative to the state’s public housing authorities to rehabilitate the aging public housing stock across Florida.
Obama Administration Announces New Initiative for HFAs
The Obama administration has announced a new initiative for state and local housing finance agencies (HFAs) that will support lower mortgage rates and expand resources for low-income borrowers to rent or purchase affordable housing.
HUD Releases Market Reports for Dallas, Las Vegas Areas
The U.S. Department of Housing and Urban Development’s (HUD) Policy Development and Research arm, HUD USER, has released Comprehensive Housing Market Analyses for the Dallas, Texas and Las Vegas-Paradise, Nevada market areas.
Five Midwestern State Allocators at One Table
NH&RA announced today that a rare assemblage of five state allocators from adjoining Midwestern states will be a highlight of the Annual Meeting of the National Council of Affordable Housing Market Analysts (NCAHMA) at Chicago’s Doubletree Hotel on November 9 and 10.
Texas Releases 2010 QAP, Other Materials
The Texas Department of Housing and Community Affairs (TDHCA) has released a series of housing policy documents and rules, including the draft 2010 qualified allocation plan (QAP), for administering its affordable housing programs.
California Releases Final Proposed Regulation Changes for ARRA
The California Tax Credit Allocation Committee (TCAC) has released a revised set of proposed regulation changes to the American Recovery and Reinvestment Act programs and tax credit program tiebreaker.
Arkansas Releases Application for Tier Three Multifamily Funding
The Arkansas Development Finance Authority has released its Tier Three application for 2009 tax credits, HOME funds, TCAP and Exchange program funding.
Lawmakers Agree on FY 2010 USDA Rural Funding
U.S. lawmakers from the House and Senate have agreed on a compromise version of H.R. 2997, which provides funding levels for rural housing programs through the U.S. Department of Agriculture (USDA) for fiscal year 2010.
NCHSA Sends Letter To Congress Regarding Bonds and Tax Credits
National Council of State Housing Agencies (NCSHA) has sent a letter to Congressional Leaders seeking provisions to strengthen the Housing Bond and Credit programs.
HUD Proposes New FHA Multifamily Mortgage Insurance Rule Addressing LIHTC Escrows
HUD’s Federal Housing Administration (FHA) has proposed a new rule that would conform multifamily mortgage insurance regulations to a provision in Title VIII of the Housing and Economic Recovery Act of 2008 that prohibits a requirement that tax credit sales proceeds be placed into escrow, at the time of initial endorsement, for assurance of project completion and to pay the initial service charge, carrying charges, and legal and organizational expenses incident to the construction of the project.