News

HUD’s Federal Housing Administration (FHA) and Fannie Mae recently announced a joint venture to allow owners of existing affordable rental housing properties to refinance into new mortgages that include funding for energy- and water-saving upgrades, along with other needed property renovations.

NH&RA is pleased to offer the PowerPoint presentations given during the recent 2011 Spring Developers Forum, May 23-24 in Dana Point, CA.

The U.S. Department of Housing and Urban Development has released the new area median income limits for Fiscal Year 2011.

The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) has announced the release of the notice of allocation availability (NOAA) for the 2011 round of competition for $3.5 billion in tax credits under the New Markets Tax Credit (NMTC) Program.

The Washington State Housing Finance Commission recently released a draft of its proposed changes to the 2012 tax credit program policies.

The Minnesota Housing Finance Agency recently published the state’s FY 2012-2013 housing budget proposal summary.

Maryland Department of Housing and Community Development (DHCD) Secretary Raymond A. Skinner announced today the department’s Be SMART (Save Money and Resources Today) initiative, which is primarily a loan program to finance energy efficiency improvements to homes, businesses and multifamily buildings in more than a dozen targeted communities around the state. The $20 million in funding comes from the BetterBuildings program of the U.S. Department of Energy.

The DC Department of Housing and Community Development (DHCD) recently issued a notice that announces registration for a lottery of affordable housing units under the Inclusionary Zoning Program shall be open from Friday, May 27 through Friday, June 10, 2011.

HUD’s Office of Public and Indian Housing recently issued a notice that extends the Administrative Guidance for Effective and Mandated Use of the Enterprise Income Verification (EIV) System (PIH-2010-19(HA)) for another year until May 31, 2012.

The Internal Revenue Service (IRS) has published a notice inviting comments concerning existing final regulation, T.D. 9171, New Markets Tax Credits.

The California Tax Credit Allocation Committee (CTCAC) has issued a new memorandum a new scheduled Committee meeting date (June 22) to announce awards, and provides additional clarifying guidance for prospective second round applicants.

The Oregon Legislature has introduce a measure, HB 2527, that would extend the extend the sunset on the Oregon Affordable Housing Tax Credit.