News
Indiana Seeks Comments on 2012-13 QAP
Indiana Housing and Community Development Authority is seeking comments on its draft 2012-2013 Qualified Allocation Plan (QAP).
Watch the HUD Secretary’s Address at Harvard Joint Center/McArthur Rental Leadership Forum
Last week, Secretary Shaun Donovan delivered the keynote address to the Harvard Joint Center/McArthur Rental Leadership Forum at the Newseum in Washington, D.C.
NPS Names New Chief of Technical Preservation Services
The National Park Service has named Brian D. Goeken as Chief of the Technical Preservation Services office. He will manage the federal historic tax credit program.
NPS Publishes New Guidelines on Sustainability for Rehabilitating Historic Buildings
The National Park Services (NPS) recently released a new report entitled, “The Secretary of the Interior’s Standards for Rehabilitation & Illustrated Guidelines on Sustainability for Rehabilitating Historic Buildings.”
HUD Solicits Comments on Native American Housing Needs
The U.S. Department of Housing and Urban Development (HUD) last week invited public comments on a proposed assessment of Native American, Alaska Native and Native Hawaiian housing needs.
NMTC Recognized as Innovative Program
The U.S. Department of the Treasury’s New Markets Tax Credit Program (NMTC Program) has been named today as one of the Top 25 programs that will advance to the final stages of competition for the prestigious Innovations in American Government Award.
HUD Releases Market Analysis of Lubbock, TX
The U.S. Department of Housing and Urban Development’s Economic and Market Analysis Division has prepared a Comprehensive Housing Market Analysis for the Lubbock, Texas market area.
Washington Regulates Out-of-State Bond Activity
On April, 29, 2011 Washington State Governor Christine Gregoire signed new legislation regulating the ability of out-of-state bond issuers to issue private activity bonds for a project.
DC Mayor Releases Proposed 2012 Budget
Washington, DC Mayor Vincent Gray recently released his proposed city budget for fiscal year 2012.
Wisconsin Issues Notice Explaining LIHTC Pricing
The Wisconsin Housing and Economic Development Authority (WHEDA) has issued a notice to explain 2011 LIHTC credit pricing levels and the basis boost for recently funded applicants.
Call For Entries: NH&RA Historic Rehab Awards
The National Housing & Rehabilitation Association is pleased to present the seventh annual J. Timothy Anderson Awards for Excellence in Historic Rehabilitation. The “Timmy” awards honor outstanding rehabilitation and preservation projects based on overall design and quality, interpretation and respect of historic elements, impact on the community, and financial and market success.
Revised AHIC Underwriting Guidelines Endorse NCAHMA
The Affordable Housing Investors Council recently published revised underwriting guidelines for or low-income housing tax credit investments. Notably the Market Study section of the guidelines strongly endorse NH&RA’s National Council of Affordable Housing Market Analysts recommending:
“A third party market study completed less than 6 months before the investor closes into the partnership should be used in the analysis of rental rates, absorption rates and demand assumptions.