General News

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

CDFI Fund Director Director Donna Gambrell recently delivered a wide ranging address on the New Markets Tax Credit program at the December 2 meeting of the New Markets Tax Credit Coalition. Director Gambrell discussed two NMTC case-studies and provided a summary of the 2008 NMTC Allocation Round.

NH&RA has officially launched the new Council for Energy Friendly Affordable Housing (CEFAH). CEFAH is an independent council within NH&RA focused on developing policy solutions and practical, cost effective measures to reduce energy consumption in affordable, public and HUD-assisted housing.

President-elect Barack Obama has named some key appointments to White House staff and agency transition review teams with connections to housing.

The Arkansas Development Finance Authority has issued a letter that places priority on existing developments that previously received low-income housing tax credit allocations, but have not successfully closed or been placed-in-service because of the market conditions.

The Alabama Housing Finance Authority will accept applications for its 2009 HOME/Low-Income Housing Tax Credit programs the week of March 9-13.

The New York Division of Housing & Community Renewal (DHCR) in partnership with the New York State Association for Affordable Housing and other development community partners will be creating a new Upstate Equity Fund to encourage banks to invest in low-income housing tax credit projects within their communities.

The Kentucky Housing Corporation has scheduled a public hearing and developers’ forum for January 20 in Frankfort.

HUD has announced its revised Annual Adjustment Factors (AAFs) for adjustment of contract rents on assistance contract anniversaries.

Alabama has scheduled HOME & Housing Credit 2009 Application Workshops on February 8 in Montgomery.

In what is being billed as his last speech, Treasury Secretary Henry M. Paulson Jr. delivered thoughts on the future of Fannie Mae and Freddie Mac.

The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) will be conducting a series of conference calls regarding CDFI Certification. These calls will serve as a forum for potential certification applicants to ask questions of CDFI Fund staff about becoming a certified CDFI. CDFI certification allows applicants to apply for Financial Assistance through the CDFI Program as well as apply for New Markets Tax Credits.

The U.S. Department of Housing and Urban Development (HUD) on December 22 issued a proposed rule to govern the sale of HUD-held single family homes and mortgage assets in designated revitalization areas .