News

The New Mexico Mortgage Finance Authority has released a Request for Proposals (RFP) to identify and select qualified individuals to produce affordable multifamily rental real estate market analyses for proposed tax credit projects. The market studies will be used as one means of assessing proposed projects for allocation of low-income housing tax credits (LIHTC).

NH&RA recently surveyed our membership to find out more about their experiences to date with the TCAP and Exchange programs. As of October 15, respondents to our survey are working on or have closed more than 100 transactions involving nearly 7,500 units of affordable housing. These projects range dramatically in size from 20 to 200+ units with an average size of 66 units. Nearly 80 percent of our respondent’s transactions are new construction. There are several themes, trends and issues that are worth highlighting…

The Connecticut Housing Finance Authority has issued a memo of proposed amendments to its Low-Income Housing Tax Credit Qualified Allocation Plan and Procedures for 2010.

The U.S. Department of the Treasury’s Community Development Financial Institutions (CDFI) Fund has posted the comments submitted in response to its request for public comment related to the New Markets Tax Credit (NMTC) Program allocation application.

he 2009 HUD Secretary’s Award for Excellence in Historic Preservation was recently presented to Gorman & Company Inc. for their outstanding achievement in renovating Fairbanks Flats.

The Kansas Housing Resources Corporation has released a proposed version of its 2010 qualified allocation plan (QAP), used for governing the allocation of federal low-income housing tax credits.

The 2009 HUD Secretary’s Award for Excellence in Historic Preservation was recently presented to Gorman & Company Inc. for their outstanding achievement in renovating Fairbanks Flats.

David Kirk, principal and founder of Kirk & Co., recently published an article in the New England Real Estate Journal entitled “The Greater Boston Housing Report Card for 2009.”

The Pennsylvania Housing Finance Agency has released the proposed 2010 Low Income Housing Tax Credit Allocation Plan for public comment.

The Texas Department of Housing & Community Affairs will hold additional TCAP/Exchange Audio Conferences on December 4, 9, 16 and 30.

The U.S. Department of Housing has issued a reminder that HUD-assisted multifamily housing owners and management agents must seek access to the Department’s Enterprise Income Verification (EIV) system if they don’t already have access, in order to avoid non-compliance penalties imposed by a final rule that makes use of the system mandatory as of 1/31/10.

The Harvard Joint Center has released a new report entitled “Housing Patterns of Low-Income Families with Children: Further Analysis of Data from the Study of the Effects of Housing Vouchers on Welfare Families.”