General News
Harvard Joint Center Releases Study On Voucher Program
The Harvard Joint Center has released a new report entitled “Housing Patterns of Low-Income Families with Children: Further Analysis of Data from the Study of the Effects of Housing Vouchers on Welfare Families.”
CDFI Fund Releases Public Comments on NMTC Program Application
The U.S. Department of the Treasury’s Community Development Financial Institutions (CDFI) Fund has posted the comments submitted in response to its request for public comment related to the New Markets Tax Credit (NMTC) Program allocation application.
HUD Releases Preview of U.S. Housing Market Conditions 3rd Quarter 2009
The U.S. Department of Housing and Urban Development’s Office of Policy Development and Research has released a preview of data contained within the yet to be released U.S. Housing Market Conditions Report, 3rd Quarter 2009.
NCAHMA Membership Committee: Nov. 10, 2009 Meeting Notes
The NCAHMA Membership Committee convened on November 10, 2009 at the Doubletree Hotel Magnificent Mile in Chicago, in conjunction with the 2009 NCAHMA Annual Meeting.
NCAHMA Standards Committee: Nov. 10, 2009 Meeting Notes
Members of NCAHMA’s Standards Committee convened for an in-person meeting on November 10, 2009 at the Doubletree Hotel Magnificent Mile in Chicago in conjunction with the 2009 Affordable Housing Underwriting Forum & Annual Meeting.
HUD Publishes Operating Cost Adjustment Factors
HUD has published the 2010 Operating Cost Adjustment Factors (OCAF).
Hawaii PHA Proposes Dismantling Public Housing
The Hawaii Public Housing Authority is considering a proposal that would effectively dismantle the state’s oversight of public housing.
HUD Releases Operating Cost Adjustment Factors for 2010
The U.S. Department of Housing and Urban Development has released the operating cost adjustment factors (OCAF) for 2010. OCAFs are used to calculate or adjust renewed rents for projects insured by FHA under Section 221(d)(3) and Section 236.
U.S. Senators Introduce Bills to Extend GO Zone Credits
U.S. Senators Roger Wicker and Thad Cochran of Mississippi recently introduced legislation that would extend the Gulf Opportunity Zone (GO Zone) bonus tax credit, which has been an integral tool in attracting investment to the Gulf Coast after the devastation caused by Hurricane Katrina in 2005.
IRS Announces Adjusted LIHTC, Bond Cap Rates for 2010
The Internal Revenue Service (IRS) recently announced in Revenue Procedure 2009-50 the inflation-adjusted low-income housing tax credit (LIHTC) and private activity bond caps for 2010.
CDFI Fund Announces NMTC Awardees
The Community Development Financial Institutions (CDFI) Fund recently announced approximately $5 billion in funding to 90 organizations through the New Markets Tax Credit (NMTC) Program, including approximately $1.5 billion provided through the American Recovery and Reinvestment Act (ARRA).
FED Publishes Report on Ways to Improve LIHTC Program
The Federal Reserve Board recently released a collection of articles from LIHTC practitioners and experts that focuses on possible opportunities to strengthen the Low Income Housing Tax Credit (LIHTC) program.