News
FHFA Seeks Comments on Proposed Freddie/Fannie Rules
The Federal Housing Finance Agency (FHFA) recently issued Notice RIN 2590″“AA49 in the Federal Register to request comments on a proposed rule to amend and extend the Agency’s existing housing goals for 2012, 2013 and 2014 with respect to Fannie Mae and Freddie Mac.
CDFI Fund Solicits Comments on NMTC Allocation Tracking System
The CDFI Fund is soliciting comments from the public concerning the New Markets Tax Credit Allocation Tracking System.
Joint Center Releases “˜State of the Nation’s Housing’ Report
Harvard’s Joint Center for Housing Studies has released a new report entitled, “The State of the Nation’s Housing 2012″ that evaluates the nation’s housing markets, demographic drivers & trends, and ongoing housing challenges.
HUD and Other Federal Agencies Increase Efforts in U.S. Border Communities
HUD, the Department of Agriculture Rural Development (USDA-RD) and the Community Development Financial Institutions Fund (CDFI Fund) recently the “Border Community Capital Initiative” (Border Initiative), a collaboration designed to increase access to capital in the U.S./Mexico border region which includes some of the poorest communities in the country.
New HUD Report Examines Disability in the AHS
A new report posted to the HUD User website entitled “Disability Variables in the American Housing Survey (AHS)” examines the six questions added to the AHS in the 2009 survey which were taken from the American Community Survey (ACS).
Alaska Makes Changes to Rental Housing Preference System
The Alaska Housing Finance Corporation (AHFC) Public Housing Division has announced it will no longer offer preferences on rental housing application. The largest driver affecting the change is a statewide economy that has more families in need of public housing for longer periods of time.
VHDA Solicits Feedback about Section 811 Demo Program
The Virginia Housing Development Authority (VHDA) and the Virginia Department of Community Development (DHCD) are considering submitting an application for federal project-based rent subsidy funding under the Section 811 Demo program.
CDFI Fund Solicits Comments on Capital Magnet Fund Reporting
The Community Development Financial Institutions Fund (CDFI Fund) has issued request for comments concerning the revised reporting and record retention requirements for the Capital Magnet Fund.
Arizona Solicits Feedback from Stakeholders About Rental Housing Funds
The Arizona Department of Housing (ADOH) is considering making roughly $5 million in State Housing Fund resources available to developers to be used specifically for rental development.
NMTC QLICI Mapping Tool by State
NH&RA member firm, Novogradac & Company, recently released a mapping tool that shows the total number and locations of New Markets Tax Credits (NMTC) qualified low-income community investments (QLICIs) in each U.S. state and territory.
New Report: NMTC Program Supports the Most Economically Distressed Communities
A new report conducted by the New Markets Tax Credit Coalition finds that the New Markets Tax Credit (NMTC) has spurred private investment in economically distressed communities to finance a wide range of businesses, create jobs, and jump start local economies.
House Subcommittee Holds Hearing on FHA Multifamily Insurance Programs
The House Financial Services Subcommittee on Insurance, Housing and Community Opportunity on Thursday June 7 held a hearing on strengthening the Federal Housing Administration’s (FHA) affordable multifamily insurance programs.