News

The City of San Jose (California) has approved an ordinance requiring future housing development throughout the city to include a number of units affordable to low-income households.

U.S. Housing and Urban Development (HUD) announced that nearly 200 apartment units in New York City will become more energy efficient as the result of $3.6 million in funding being awarded today to Jonathan Rose Companies, a New York-based property owner and developer.

The Nebraska Investment Finance Authority (NIFA) recently released a draft of its 2010 Profile of Nebraska Demographics, Economics and Housing study public review.

The U.S. Department of Energy’s Lawrence Berkeley National Laboratory recently released a new report that examines two renewable energy provisions included in the American Recovery and Reinvestment Act of 2009 that may help shovel-ready community wind projects move forward.

Kentucky Housing Corporation recently announced the reopening of the waiting list for the Section 8 Tenant-Based Rental Assistance Program. Kentucky administers the Section 8 program in 87 counties across the state.

The Illinois Housing Development Authority will hold a series of three public hearings to discuss and solicit questions with regards to IHDA’s 2010 Qualified Allocation Plan (QAP) and Low-Income Housing Tax Credit (LIHTC) Program application process.

The Delaware State Housing Authority (DSHA) recently announced that Governor Markell has signed the 2010 Low-Income Housing Tax Credit (LIHTC) Qualified Allocation Plan (QAP) effective January 8, 2010.

The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) will be conducting a series of conference calls regarding CDFI Certification. These calls will serve as a forum for potential certification applicants to ask questions of CDFI Fund staff about becoming a certified CDFI.

NH&RA is pleased to announce that CDFI Fund Director Donna J. Gambrell will deliver the Keynote Address at NH&RA’s Winter New Markets Tax Credit Symposium, March 10 at the Ritz-Carlton South Beach, Miami Beach, Florida.

Cris White, Chief Operating Officer, has been appointed Interim Executive Director of the Colorado Housing and Finance Authority (CHFA) by the Authority’s Board of Directors, effective January 1, 2010, upon the retirement of Roy Alexander.

The Harvard Joint Center, with help from the What Works Collaborative, has published a new report entitled, “The Disruption of the Low-Income Housing Tax Credit Program: Causes, Consequences, Responses, and Proposed Correctives.”

A recent tax court ruling finds that state historic tax credit investors are partners and that transactions between investors and the partnership are not disguised sales.