News
Obama Administration Convenes Conference on Housing Finance Reform
Today, the Obama administration is holding its Conference on the Future of Housing Finance at the Treasury Department. The conference will be moderated by Treasury Secretary Timothy Geithner and HUD Secretary Shawn Donovan, and will feature a diverse slate of panelists representing various stakeholder groups who will discuss housing finance reform as it pertains to the broader financial markets and the administration’s broader housing policy goals.
New York State Budget Defers Rehabilitation Tax Credits
Earlier this month, the New York State Legislature passed the final bill needed to authorize the 2010 state budget. Among other things, the final budget defers New York State Rehabilitation Tax Credits earned between 2010 and 2012 exceeding $2 million.
FHFA Solicits Comments on Proposed Rule for Oversight of GSEs
The Federal Housing Finance Agency (FHFA) has issued a notice soliciting public comments regarding the implementation of a proposed rule in the Housing & Economic Recovery Act (HERA) that authorizes FHFA to initiate enforcement over Fannie Mae and Freddie Mac, as well as the Federal Home Loan Banks.
HUD Solicits Public Comment on 2011 AHS
The U.S. Department of Housing and Urban Development is soliciting comments from the public on the data collection process for the 2011 American Housing Survey (AHS).
Connecticut Incorporates Very Low-Income Construction Employment Policy into Draft 2011 QAP
The Connecticut Housing Finance Authority (CHFA) Board of Directors recently approved the Authority’s Very Low-Income Construction Employment Policy and incorporated the policy into the 2011 Low-Income Housing Tax Credit Draft Qualified Allocation Plan (QAP).
OCC Announces Appointment of Ted Wartell as Community Affairs Policy Director
The Office of the Comptroller of the Currency (OCC) announced today the appointment of Ted Wartell as Director of Community Affairs Policy. He will report to Deputy Comptroller for Community Affairs Barry Wides.
Wyoming Releases Draft 2011 QAP
The Wyoming Community Development Authority (WCDA) has released its draft version of the state’s 2011 qualified allocation plan (QAP).
Virginia Releases Draft 2011 QAP, Summarizes Proposed Changes
The Virginia Housing Development Authority (VHDA) has released a blacklined version of its draft 2011 qualified allocation plan (QAP),
Ohio Partnership Launches Affordable Housing Web Resource
The Ohio Preservation Compact (OPC), a statewide partnership created to address the rising demand for affordable rental housing in the state of Ohio, recently launched a website as a new resource for owners and developers of affordable rental housing.
Louisiana Revises Scoring Criteria for Remaining TCAP Funds
The Louisiana Housing Finance Authority previously announced a strategy to allocate the remaining TCAP funds for increases in costs for existing LIHTC projects.
National Park Service Releases 2010 Directory of Cultural Resources Programs
The Federal Preservation Institute and the U.S. National Park Service (NPS) have released the 2010 Directory of Cultural Resources Programs to assist staff in Federal agencies and other professionals in finding cultural resources programs within the National Park Service that provide historic preservation assistance.
Illinois Governor Signs Legislation to Boost Affordable Housing Development
Governor Pat Quinn last week signed legislation that will boost affordable housing development across Illinois. House Bill 6038 extends the Illinois Affordable Housing Tax Credit through 2016, which was set to expire next year.