News

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New York Governor David Paterson has announced $253 million in affordable housing grants through the American Recovery and Reinvestment Act. These nine New York projects are the first in the U.S. to receive funding through the Tax Credit Assistance Program (TCAP), one of the housing relief provisions contained in ARRA.

Minnesota Housing has announced changes and new timeline for the Agency’s requests for proposals.

The Indiana Housing & Community Development Authority has published draft policies and procedures for implementing the provisions in the American Recovery and Reinvestment Act (ARRA) establishing the new Tax Credit Assistance Program and low-income housing tax credit exchange program.

President Obama has nominated David Stevens to be the Assistant Secretary for Housing and Federal Housing Administration (FHA) Commissioner at the U.S. Department of Housing and Urban Development.

The Iowa State Senate has approved Senate File 481, which provides a major expansion of the state’s historic preservation tax credit program.

President Barack Obama has announced his intent to nominate Mercedes Márquez as Assistant Secretary for Community Planning and Development at the U.S. Department of Housing and Urban Development.

The Senate Banking, Housing and Urban Affairs Committee (Chairman Dodd, D-Conn.) has scheduled a confirmation hearing for April 23 on pending nominations to Administrative positions.

The U.S. Department of Housing and Urban Development has published a notice in the Federal Register addressing changes to the General Section and Policy Requirements of HUD’s 2009 Notice of Availability of funding process.

National Council of Affordable Housing Market Analysts recently convened its Spring Public Policy & Market Study Forum April 6-7 in Washington DC. This year’s innovative program featured a very informative Washington & Public Policy Update. The panelists explored critical topics including the American Recovery & Reinvestment Act, congressional legislative priorities, personnel and regulatory changes at HUD and in the Obama Administration and much, much, more…You can now preview the session on our YouTube Channel or our our website…

The California Tax Credit Allocation Committee (TCAC) yesterday (April 16) issued a memo in response to public comments received on its proposed regulation changes related to the American Recovery and Reinvestment Act (ARRA). TCAC has considered all the comments and has finalized its recommendations to the Committee for adoption on April 30, 2009.

The National Low-Income Housing Coalition has published its annual “Out of Reach” report, which provides a side-by-side comparison of wages and rents in every county, Metropolitan Area, combined nonmetropolitan area and state in the United States.