News

HUD

DOE Extends Comment Period, Announces Hearing on Weatherization Rules

The U.S. Department of Energy has extended the comment period until July 6, and announced a public hearing for June 18 (also available as a conference call) on proposed regulations it issued on May 21 regarding DOE’s Weatherization Assistance Program (WAP).

NH&RA News

Comments Soliciting on NMTC Equity Form

The Internal Revenue Service is soliciting comments by August 10 on IRS Form 8874, which is completed and submitted by investors to report equity investments made in community development entities (CDEs) under the federal new markets tax credit program.

NH&RA News

Deadline Approaching for NMTC Program QEI Reports

Applicants for an allocation of funds under the 2009 New Markets Tax Credit (NMTC) Program round are reminded that the qualified equity investments (QEI) issuance reporting deadline is approaching on Wednesday, June 17.

HUD

GAO Issues Report on HUD’s Oversight of PHAs

The Government Accountability Office (GAO) recently released a report claiming that HUD’s oversight of public housing authorities (PHAs) could be more focused on identifying potential inappropriate use or mismanagement of public housing funds.

Mississippi

NCAHMA Posts Presentation, Case Study from Market Study Training Seminar

NCAHMA has made available for download the materials presented during Setting the Stage: An Intro to Market Studies.

NH&RA News

REITs Expected to Dominate Investor Markets

According to speakers at the National Association of Real Estate Investors’ REITWeek Conference last week in New York City, public real estate investment trusts (REIT) will make up the few top players in the commercial real estate market because of their access to capital and fundraising abilities to accumulate assets, while many private equity providers remain unwilling to invest.

North Carolina

North Carolina Revises Tax Credit Exchange Criteria

The North Carolina Housing Finance Agency has issued a revised version of its low-income housing tax credit exchange program process and criteria.

Pennsylvania

Philadelphia Housing Authority to Sell 1,800 Vacant Properties

The Philadelphia Housing Authority (PHA) has been granted approval by the federal government to sell off approximately 1,800 vacant properties, mostly located throughout North, West and Southwest Philadelphia.

HUD

$1.5 Billion in ARRA Funding Available for Homeless Initiatives

The U.S. Department of Housing and Urban Development recently announced $1.5 in available funding through the Homelessness Prevention and Rapid Re-Housing Program, provided under the American Recovery and Reinvestment Act (ARRA) of 2009.

NH&RA News

Census Bureau Releases 2007 Real Estate Rental, Leasing Industry Report

The U.S. Census Bureau has released a series of national data on the various rental and leasing sectors of the 2007 real estate industry.

Virginia

Virginia Issues 2009 LIHTC Update

The Virginia Housing Development Authority has issued its fourth update to the low-income housing tax credit reservation application process for its 2009 program.

New Mexico

New Mexico Issues Draft NOFAs for TCAP, Exchange Programs

Housing New Mexico has published separate draft notices of funding availability (NOFA) for its low-income housing tax credit assistance (TCAP) and exchange programs.

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