News
CDFI Funds Seeks Reviewers for Capital Magnet Fund
The Community Development Financial Institutions (CDFI) Fund is seeking reviewers to assist in its review of applications received under the FY 2010 funding round of the new Capital Magnet Fund (CMF). This program will provide competitively awarded grants to CDFIs and qualified nonprofit housing organizations to finance affordable housing and related community and economic development activities.
Rick Garcia is sworn in as Regional Director in HUD’s Region VIII
Rick M. Garcia was sworn in as the U.S. Department of Housing and Urban Development’s new Regional Director for Region VIII serving the six states in HUD’s Rocky Mountain Region which includes Colorado, Montana, North Dakota, South Dakota, Wyoming and Utah.
2010 Annual Meeting: Select Audio Recordings Now Available
Did you miss the 2010 Affordable Housing Conference & NH&RA Annual Meeting in Miami Beach, March 11-13? Don’t worry! NH&RA has made available digital audio recordings of select sessions from this year’s program!
California Issues Revised Application Q&A
California Tax Credit Allocation Committee has published a revised LIHTC application Q & A has been revised as of March 19, 2010.
Oregon Bill Reforms Business Energy Tax Credit Program
Oregon Governor Ted Kulongoski recently signed into law House Bill 3680, which restructures the state’s business energy tax credit (BETC) program.
HUD Updates LIHTC Database
The U.S. Department of Housing and Urban Development’s Office of Policy Development and Research recently announced that it has released updates to its low-income housing tax credit (LIHTC) database.
2010 NH&RA Annual Meeting & NMTC Symposium: Conference Presentations
NH&RA has made available the conference PowerPoint presentations from its 2010 Annual Meeting & NMTC Symposium, held March 10-13 in Miami Beach, Fla.
Senate Bill Would Extend LIHTC Carryback to Five Years
U.S. Senator Jeff Bingaman (D-NM) recently introduced new legislation aimed at stimulating new affordable housing development by adding incentives to the low-income housing tax credit (LIHTC) program.
Geithner to Discuss Future of Housing Finance
U.S. Treasury Secretary Timothy Geithner will present the Obama administration’s broad vision for the future of housing finance, including all private and public entities that support the mortgage market, to the Housing Financial Services Committee on Tuesday, March 23.
NY State Legislation Would Expand Historic Tax Credit
New York State Senator David Valesky this month introduced legislation that would expand provisions in the state’s Historic Rehabilitation Tax Credit program.
Treasury Secretary Announces Proposal To Extend and Enhance NMTC
Treasury Secretary Tim Geithner announced today the Obama Administration’s intention to improve, extend and enhance the New Markets Tax Credit Program. “Distressed communities and their small businesses have a hard time attracting investments even in the best of times,” said Secretary Geithner. “The New Markets Tax Credit helps these communities attract new investors and ensure they stay invested long enough for businesses to overcome obstacles and grow. That’s why the President expanded the New Markets Tax Credit through the Recovery Act last year and why we’re seeking to reform, extend and broaden the reach of these credits going forward.”
White House FY 2011 Budget Calls for Funding Reductions at HUD
On February 1, the White House unveiled a proposed federal budget for Fiscal Year 2011 that calls for overall funding cuts at numerous federal agencies, including at the U.S. Department of Housing and Urban Development (HUD). Fiscal Year 2011 begins October 1st.