News

Maryland Governor Martin O’Malley last week signed into law H.B. 475, the Sustainable Communities Act of 2010, reauthorizing through 2014 the tax credit formerly known as the Heritage Structure Rehabilitation Tax Credit.

The U.S. Department of Housing and Urban Development recently issued a federal register notice that announces a Section 8 demonstration program for determining FMRs in smaller metropolitan areas.

The Community Development Financial Institutions (CDFI) Fund has released updated guidance for the 2010 New Markets Tax Credit (NMTC) program, including application questions-and-answers.

NH&RA has also been meeting with HUD officials to discuss forthcoming changes to underwriting standards, lender qualifications, and other areas in the FHA multifamily mortgage insurance programs to assure that the reforms encourage rather than deter FHA financing of affordable rental housing projects in a timely and cost-effective manner.

The New Jersey Assembly’s Environment & Solid Waste Committee voted out of committee A1851, the Historic Property Revitalization Act (HPRA), which would create a state historic tax credit program.

On January 25, 2010, the Department of Energy (DOE) published a regulation intended to reduce the review and verification burden related to income eligibility and certain operational requirements under the DOE Weatherization for certain properties identified by HUD.

The U.S. Green Building Council recently published a new report that shows that the Obama Administration has the executive authority to use over 30 existing federal programs worth $72 billion to enhance energy efficiency in the nation’s multifamily housing and commercial buildings, without the need for new legislation.

The Louisiana Housing Finance Agency recently announced that it is seeking proposals from applicants to be placed into a pool of Market Analysts to provide individual market studies for projects to qualify for Low-Income Housing Tax Credits (LIHTC) in the State of Louisiana.

The U.S. Department of Housing and Urban Development (HUD) is soliciting comments and suggestions from Section 108 recipients for developing performance measures that focus on outcomes and meaningfully reflect the purpose of the program, collects information on the activities, accomplishments and outcomes of Section 108 grantees, and collects original information needed for the analysis of program’s overlap with other Federal programs.

HUD’s Economic and Market Analysis Division has published a Comprehensive Housing Market Analysis report for the Omaha-Council Bluffs, Nebraska-Iowa region.

New Jersey Governor Chris Christie this week proposed a new plan that would reduce the state’s control over how New Jersey’s towns and municipalities meet their obligation to provide affordable housing.

The U.S. Department of Housing and Urban Development (HUD) has released income limits and accompanying materials for 2010, including median family incomes, state income limits, and a map of state income limits and median incomes.