News

NH&RA News

CDFI Fund to Hold Informational Conference Calls on CDFI Certification

The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) will be conducting a series of conference calls regarding CDFI Certification. These calls will serve as a forum for potential certification applicants to ask questions of CDFI Fund staff about becoming a certified CDFI. CDFI certification allows applicants to apply for Financial Assistance through the CDFI Program as well as apply for New Markets Tax Credits.

HUD

HUD Issues Proposed Rule for Disposition Program

The U.S. Department of Housing and Urban Development (HUD) on December 22 issued a proposed rule to govern the sale of HUD-held single family homes and mortgage assets in designated revitalization areas .

Alabama

Alabama Publishes Final 2009 QAP

The Alabama Housing Finance Authority recently published a final qualified allocation plan (QAP) for its 2009 low-income housing tax credit program. 

Colorado

Colorado Releases 2009 LIHTC Application and QAP

The Colorado Housing and Finance Authority has released its final 2009 QAP and application for its low-income housing tax credit program.

Massachusetts

Recap Advisors Issues Recommendations for Best Use of 2009 Housing Credits

In a new paper commissioned by the Massachusetts Housing Partnership (MHP, www.mhp.net), based on a survey of stakeholders in Massachusetts and other states, the firm Recap Advisors recommends 10 strategic steps that state housing credit agencies should take to most effectively allocate their 2009 low-income housing tax credits in the current troubled LIHTC equity environment.

Texas

HUD Issues Market Analysis Report for Fort Worth

The U.S. Department of Housing and Urban Development has issued a new comprehensive housing market analysis report for Fort Worth, TX.

HUD

FEMA Announces New Assistance Program

The Federal Emergency Management Agency (FEMA) has announced the execution of an Interagency Agreement (IAA) between FEMA and the U.S. Department of Housing and Urban Development (HUD) to establish a grant program called “Disaster Housing Assistance Program (DHAP)- Ike” for Hurricanes Ike and Gustav.

HUD

HUD Restates Policies on Waivers During Transition

The U.S. Department of Housing and Urban Development (HUD) has issued a notice that reiterates its policies governing Departmental waiver of HUD regulations and directives during a period of Administration transition.

IRS

IRS Issues Rule on Conduit Financing Arrangements

The Internal Revenue Service has issued a proposed rule relating to conduit financing arrangements.

HUD

HUD Solicits Comments on Multifamily Reporting Template

The U.S. Department of Housing and Urban Development (HUD) is soliciting comments by January 21 on a proposed template it has developed to be used by HUD multifamily housing program participants to submit financial data electronically.

NH&RA News

Banking Regulators Revise CRA Regulations

The four federal banking regulators on December 22 issued a joint final rule to amend their Community Reinvestment Act (CRA) regulations.

Kansas

Kansas Publishes Updated 2009 Application, QAP

The Kansas Housing Resources Corporation has issued its revised application and qualified allocation plan (QAP) for its 2009 low-income housing tax credit program.

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