News

NH&RA News

HUD Issues Notice on Green Retrofit Program for Multifamily Housing

Today, the U.S. Department of Housing and Urban Development released Notice H 09-02, which provides guidance on the Green Retrofit Program for Multifamily Housing (GRP), created under the American Recovery and Reinvestment Act. The notice provides details on program implementation, the application process, eligible projects and the approval and allocation process.

Virginia

Virginia Issues Notice on 2009 LIHTC Rounds

The Virginia Housing Development Authority LIHTC Program Director Jim Chandler has issued the authority’s third notice of program updates for applicants seeking 2009 low-income housing tax credits.

HUD

New HUD Deputy Secretary Sworn In

Ron Sims, a former executive of King County, WA, was recently sworn in as the new Deputy Secretary of the U.S. Department of Housing and Urban Development.

New Jersey

New Jersey’s Historic Tax Credit Bill Passes Environmental Committee

The New Jersey Assembly’s proposed Historic Property Reinvestment Act (A791) recently passed the Assembly’s Environment and Solid Waste Committee by a unanimous vote and is scheduled for hearings with the Appropriations Committee and Senate Wagering, Tourism & Historic Preservation Committee.

Illinois

Illinois Proposes Historic Tax Credit

The Illinois State General Assembly has introduced Senate and House version bills (HB0586 and SB1366) that would create an Illinois state historic rehabilitation tax credit equal to 25% of the costs involved in rehabilitation of eligible historic properties.

California

California Publishes Application for Exchange Funds

The California Tax Credit Allocation Committee (TCAC) has made available its application for cash in lieu of tax credits under the Tax Credit Exchange program, created by the American Recovery and Reinvestment Act.

Alabama

Alabama Solicits Comments on Proposed TCAP, Exchange Programs

The Alabama Housing Finance Authority (AHFA) is accepting public comments by May 20 with regards to the proposed allocation plans for the TCAP and Tax Credit Exchange programs under the American Recovery and Reinvestment Act.

Maryland

Maryland Issues Notice on ARRA Programs

Maryland’s Department of Housing & Community Development (DHCD) recently issued a notice of guidance with respect to the Tax Credit Exchange Program (TCAP) and the Tax Credit Monetization (Exchange) provisions of the American Recovery and Reinvestment Act.

HUD

Top HUD Officials Confirmed, Sworn In

Three nominees for top posts at the U.S. Department of Housing and Urban Development (HUD) were sworn in on May 4 after being confirmed by the U.S. Senate on May 1. They are: Helen Kanovsky, General Counsel; Peter Kovar, Assistant Secretary for Congressional and Intergovernmental Affairs; and John Trasviña,, Assistant Secretary for Fair Housing and Equal Opportunity.

NH&RA News

CDFI Fund Seeks Comments CDE Certification Application

The CDFI Fund is inviting general comments concerning the “New Markets Tax Credit (NMTC) Program-Community Development Entity (CDE) Certification Application.”

HUD

Donovan Announces New Agreement on Weatherization Funds

Shaun Donovan, Secretary of the U.S. Department of Housing and Urban Development (HUD), on April 20 announced his department “within days” will sign an agreement to make federal weatherization program funds automatically available for use in HUD programs.

NH&RA News

Video Feed: The Root Causes Of Troubled Properties

National Council of Affordable Housing Market Analysts recently convened its Spring Public Policy & Market Study Forum April 6-7 in Washington DC. This featured sessions explored the root causes of troubled properties and common sense solutions to help get them back on their feet.

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