News

House Financial Services Committee will hold a hearing on September 23 titled “Perspectives on the Livable Communities Act of 2010.”

As part of the American Recovery & Reinvestment Act reporting requirements the GAO has issued two reports to Congress pertaining to the TCAP and 1602/Exchange Programs:

In a new mortgagee letter (2010-27) dated August 30, 2010, HUD has renewed special the Department’s policy for the eligibility of projects for Mortgage insurance where Construction has started.

The Pennsylvania Housing Finance Agency has released its draft of the 2011 Qualified Allocation Plan for administering the low-income housing tax credit program

NH&RA is pleased to announce we’ll be extending early registration for our Fall Developers Forum one additional week. Register by 9/24 to take advantage of our early registration discount.

The Government Accountability Office (GAO) recently released a report on the Community Development Block Grant (CDBG) program that focuses on the processes entitlement communities use to make funding decisions.

The Internal Revenue Service has issued a new notice (Notice 2010-62) that provides interim guidance regarding a provision of the 2010 health care reform law that codified the economic substance doctrine and related amendments to various penalties.

White House officials and representatives from the U.S. Department of Housing and Urban Development (HUD) recently held a conference call with industry stakeholders to discuss the third round of funding through the Neighborhood Stabilization Program (NSP3) and its impact on communities across the country.

The North Carolina Housing Finance Agency has released a draft version of its 2011 Qualified Allocation Plan (QAP), and a draft of its design quality guidelines (Appendix B).

The House Financial Services Committee Subcommittee on Capital Markets, Insurance and Government Sponsored Enterprises will hold a hearing on the “Financial Losses and Progress of Fannie Mae and Freddie Mac” on September 15.

U.S. Department of Housing & Urban Development (HUD) Inspector General Kenneth M. Donohue has announced that he will leave government service in October.

The Federal Housing Finance Agency (FHFA) has released its new housing goals effective for 2010 and 2011 for Fannie Mae and Freddie Mac, as amended by the Housing and Economic Recovery Act (HERA) in 2008.