News

As of February 1, 2012, California’s redevelopment agencies were permanently disbanded under the direction of Assembly Bill 1X26. However, on January 31, the California State Senate passed S.B. 654 which preserves the remaining balances in these redevelopment agencies’ Low and Moderate Income Housing Funds, approximately $1.5 billion, which were previously designated specifically for affordable housing development.

The California Tax Credit Allocation Committee (CTCAC) will host four half day LIHTC training workshops to go over 2012 LIHTC application submissions.

Last week, the Hawaii State Legislature introduced two bills that would expand methods for delivering funding to a community development entity (CDE) by allowing guarantees and credit enhancements.

The Wisconsin Housing & Economic Development Authority (WHEDA) has released a summary of changes to the 2012 LIHTC cycle made by the Emerging Business Program.

HUD’s Office of Policy Development & Research has released the latest Comprehensive Housing Affordability Strategy (CHAS) data.

The Ohio Housing Finance Agency (OHFA) has released a new Frequently Asked Questions document regarding the Application Review Process for the 2012 Housing Credit Program.

The Georgia Department of Community Affairs (DCA) has issued a Request for Qualifications (RFQ) for market study report services. Selected market study providers will be placed on a list of qualified firms authorized to provide market study services to applicants for DCA’s affordable housing programs.

The U.S. Department of Agriculture’s Rural Housing Service (RHS) has announced a series of teleconferences and/or web conference meetings regarding the USDA Multifamily Housing Program.

President Obama will release his administration’s FY-2013 budget proposal on Monday, February 13. In addition to proposing funding levels for critical affordable housing programs like Section 8 and HOME, the budget typically provides insight into administration policy proposals for the upcoming year.

The House Financial Services Committee has released an updated draft of voucher reform legislation, the Affordable Housing and Improved Self Sufficiency Act of 2011 (AHISSA) which is the new iteration of the Section Eight Savings Act (SESA) and the Section Eight Voucher Reform Act (SEVRA).

The White House’s Rural Council is conducting a series of business roundtables with business leaders across the country to gain perspective on opportunities to improve housing & economic conditions, as well as create jobs in rural America.

The U.S. Department of Housing and Urban Development (HUD) recently released the 2012 HOME rent and income limits, effective February 9, 2012.