News

New York

New York Assembly and Senate Introduce State Historic Tax Credit Legislation

New York’s state historic rehabilitation tax credit would be expanded by newly introduced bills.

Maryland

Report Discusses Impact Of Maryland State Historic Credit

The Abell Foundation has published a new report on the impact of Maryland’s state historic preservation tax credit.

Arizona

Fred Karnas Named Senior Advisor to HUD Secretary

Fred Karnas, Director of the Arizona Department of Housing (ADOH) for the past two years, has been named as a Senior Advisor to U.S. Department of Housing and Urban Development (HUD) Secretary Shaun Donovan.

Massachusetts

Boston Mayor Unveils Third Housing Strategy Plan

Boston Mayor Thomas Menino on March 3 unveiled his third, three-year strategy for producing and preservation additional housing in the city of Boston during 2009-2012, including affordable units.

HUD

Obama Administration Issues FY 2010 Budget Request

President Obama on February 26 issued his proposed federal budget for Fiscal Year 2010, which begins October 1, 2009. The budget request proposes $47.5 billion for the U.S. Department of Housing and Urban Development (HUD), an increase from the approved $47.1 billion appropriation for FY 2008 and the stopgap spending level of $40.1 billion for FY 2009.

congress-capitol

Center on Budget and Policy Priorities Issues Report on Low-Income Housing Programs

The Center on Budget and Policy Priorities has issued a new report, entitled “Decade of Neglect Has Weakened Federal Low-Income Housing Programs: New Resources Required to Meet Growing Needs.”

California

California Reschedules Application Workshops

The California Tax Credit Allocation Committee (TCAC) has rescheduled its application workshops for its 2009 low-income housing tax credit program in order to draft changes to modify its qualified allocation plan in responses to provisions of the American Recovery and Reinvestment Act.

NH&RA News

CDFI Fund Creates ARRA Section of Website

The Community Development Financial Institutions (CDFI) Fund has created a new section on its Web site providing information about the Fund’s implementation of pertinent portions of the American Recovery and Reinvestment Act of 2009.

Florida

Census Releases American Housing Survey Metropolitan Reports

Metropolitan reports (in PDF format) from the 2007 American Housing Survey are available for download at the U.S. Census Bureau’s Web site.

NH&RA News

Industry Group Urges Federal Reserve to Use Funds to Buy Multifamily Securities

The National Multi Housing Council has sent a letter to Fed Chairman Ben Bernanke urging the Federal Reserve Board to purchase Fannie Mae and Freddie Mac multifamily mortgage-backed securities (MBS) as part of its announced $500 billion commitment to buy Fannie Mae, Freddie Mac, and Ginnie Mae MBSs.

NH&RA News

CDFI Fund Posts Instructions and Online Application for 2009 NMTC Competitition

The Community Development Financial Institutions (CDFI) Fund has posted on its web site instructions on how potential applicants can access and utilize the online Allocation Application now available for the 2009 competitive funding round for the federal New Markets Tax Credit (NMTC) Program.

New York

Mayor Bloomberg Fills Top New York City Housing Post

New York City Mayor Michael Bloomberg has announced the appointment of Rafael Cestero as the new Commissioner of the New York City Department of Housing Preservation and Development.

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