News

HUD

Congressman Frank Lays Out Housing Financial Services Committee Agenda

House Financial Services Committee Chair Barney Frank (D-Mass.) laid out the committee’s policy priorities for 2009 in a wide ranging press conference today, February 3. The agenda includes a number of affordable housing related items.

congress-capitol

New Markets Tax Credits Included In Stimulus Compromise

NH&RA New Markets Tax Credit Council is pleased to report that our sources indicate that that House & Senate Conferees have agreed to New Markets Tax Credit provisions from the Senate version of HR1: The American Recovery and Reinvestment Act of 2009.

North Dakota

North Dakota Approves 2009 QAP

The North Dakota Housing Finance Agency has published its final 2009 qualified allocation plan for its low-income housing tax credit program.

HUD

HUD Proposes Delay on Income and Rent Determination Requirements Ruling

The U.S. Department of Housing and Urban Development is requesting public comment on a proposed 60-day delay of the effective date of a final rule entitled, “˜”˜Refinement of Income and Rent Determination Requirements in Public and Assisted Housing Programs.”

congress-capitol

Senate Stimulus Compromise Includes LIHTC, NMTC, CEFAH and Other Housing Provisions; Passes Key Procedural Vote

Over the weekend Senate Democrats and several moderate Republicans negotiated a compromise version of HR1: The American Recovery and Reinvestment Act of 2009 that appears to be poised to pass the United States Senate on Tuesday. A key procedural vote to end debate on the measure passed the Senate on a 61-36 vote Monday evening (February 9).

NH&RA News

Freddie Mac Finances $24 billion in Multifamily Loans and Guarantees in 2008

Freddie Mac has announced it financed $24 billion in multifamily whole loan and bond guarantee business in 2008, a more than 10 percent increase over its 2007 volume.

ahtcc

AHTCC Announces 15th Annual Charles L. Edson Tax Credit Excellence Awards Program

The Affordable Housing Tax Credit Coalition (AHTCC) is accepting entries for the 15th Annual Charles L. Edson Tax Credit Excellence Awards competition.

NH&RA News

Global Green USA Releases Analysis of 2008 QAPs for Green Building Criteria

Global Green USA has completed its 4th annual analysis and ranking this year after looking at the 2008 Qualified Allocation Plans (QAPs) for all 50 states.

NH&RA News

Fannie Mae Finances $35.5 Billion in Multifamily Housing in 2008

Fannie Mae announced that the company, through its lender and housing partners, financed $35.5 billion in multifamily rental housing in 2008.

California

California Publishes 2009 Threshold Basis Limits

The California Tax Credit Allocation Committee has issued a notice that defines 2009 threshold basis limits for 9% and 4% tax credit applications.

congress-capitol

Senate Passes Gap Financing Amendment; Several Amendments Still Pending

The U.S. Senate voted to adopt on SA 161 on February 4. Offered by Senator Kit Bond (R-MO) this amendment to the HR1: The American Recovery and Reinvestment Act of 2009 would provide $2,000,000,000 in gap funding for LIHTC projects to be available through September 30, 2011. There are several amendments still waiting to be considered that could impact the LIHTC Program.

Wisconsin

Wisconsin Issues Clarification LIHTC Memo

The Wisconsin Housing and Economic Development Authority has issued a memo to provide clarification regarding the policies and requirements it will employ in its 2009 competitive low-income housing tax credit funding rounds. These clarifications address what WHEDA will do with applications that meet or fail to meet the threshold criteria, what it will do with applications that meet the threshold criteria but don’t receive an allocation, which unsuccessful applicants can re-apply in the future, and other areas.

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