General News

The California Tax Credit Allocation Committee recently announced that it will hold two loan workshops for recipients of American Recovery and Reinvestment Act (ARRA) funds.

The U.S. Department of Agriculture’s (USDA) Rural Housing Service has announced the implementation of a $10 million demonstration program under its Section 538 Guaranteed Rural Rental Housing Program to test the viability of the concept of providing a continuous loan note guarantee through the construction and permanent loan phases of a project.

The New York State Senate is considering legislation related to conveyances involving real property financed with federal low-income housing tax credits.

The Washington State Housing Finance Commission recently issued a memorandum summarizing proposed revisions to its low-income housing tax credit program policies for 2010.

The Maryland Department of Housing and Community Development recently announced that it will postpone its scheduled October 2009 competitive funding round until early 2010, with applications due in February ““ an exact due date will be determined at a later date.

The California Tax Credit Allocation Committee has issued a notice entitled, “Tax Credit Assistance Program (TCAP) Environmental Requirements & Guidance.”

The Tennessee Housing Development Agency has made available various environmental review forms for qualified applicants seeking funding under the Tax Credit Assistance Program (TCAP), provided by the American Recovery and Reinvestment Act.

The New Mexico Mortgage Finance Authority has released a draft of its 2010 qualified allocation plan for the low-income housing tax credit (LIHTC) program and will accept comments regarding the draft QAP until September 28.

The New Hampshire Housing Finance Authority recently released its draft 2010 qualified allocation plan (QAP) for administering the federal low-income housing tax credit (LIHTC) program.

The U.S. Green Building Council (USGBC) recently announced the launch of its new Building Performance Initiative, which will collect and analyze performance data about LEED-certified buildings.

U.S. Department of Housing and Urban Development Director Shaun Donovan recently announced $96 million in grants to 15 public housing authorities across the country to make substantial improvements to thousands of public housing units.

U.S. Treasury Secretary Tim Geithner and Energy Secretary Steven Chu recently announced $502 million in the first round of awards from the Section 1603 program created by the Recovery Act.