News

The Alabama Housing Finance Agency’s Board of Directors approved the 2010 Qualified Allocation Plan and 2010 HOME Action Plan, for administering the Low-Income Housing Tax Credit and HOME Programs, respectively, on December 16.

The U.S. House of Representatives and Senate conferees have agreed to a $446.8 billion omnibus appropriations bill (HR 3288). This “˜omnibus’ legislation includes the Transportation-HUD appropriations measure as well as the Commerce-Justice-Science, Financial Services, Labor-Health and Human Services, Milcon-VA, and State-Foreign Operations bills.

The Federal Reserve Bank of Philadelphia’s Department of Community Affairs has published a study called, Affordability and Availability of Rental Housing in Pennsylvania, which assesses the housing needs of Pennsylvania’s low-income renter households and describes how their needs vary across the state.

The Massachusetts Department of Housing and Community Development (DHCD) has scheduled a public hearing to solicit questions comments on the 2010 Qualified Allocation Plan (QAP) for the Low Income Housing Tax Credit (LIHTC) Program.

Massachusetts Gov. Deval Patrick has signed legislation that establishes a new chapter regarding publicly assisted affordable housing, which includes a wide variety of federally and state assisted rental housing projects, including Section 8, federal and state low-income housing tax credits, Section 221(d)(4), and others.

Oregon Housing and Community Services has announced that it will hold one funding round in its 2010 Consolidated Funding Cycle, which includes low-income housing tax credits and other resources, and has postponed the cycle 60 days.

The Kentucky Housing Corporation (KHC) has issued a notice saying it will be revising its 2010 qualified allocation plan (QAP) for its low-income housing tax credit program to ease current difficulties in developing multifamily housing, including the difficulty in securing equity secure investors, insufficient gap financing, the uncertainty surrounding proposed federal legislative changes, and other developer concerns.

The Virginia Housing Development Authority has approved its proposed 2010 qualified allocation plan for its low-income housing tax credit program, and sent it to the governor for his signature.

The U.S. Department of Housing and Urban Development’s Office of Policy Development & Research has published a Regulatory Impact Analysis for the Housing Trust Fund, which was established by the Housing and Economic Recovery Act of 2008 to expand the supply of affordable rental units, and increase homeownership opportunities for extremely low- and very low-income households.

The U.S. Department of Treasury and Internal Revenue Service (IRS) yesterday jointly announced their 2009-2010 Priority Guidance Plan.

During its November 16 meeting, the CDFI Fund’s Advisory Board discussed current estimated timelines for program awards and announcements.

The U.S. House of Representatives and Senate conferees have agreed to a $446.8 billion omnibus appropriations bill (HR 3288). This “˜omnibus’ legislation includes the Transportation-HUD appropriations measure as well as the Commerce-Justice-Science, Financial Services, Labor-Health and Human Services, Milcon-VA, and State-Foreign Operations bills.