News
Colorado Names Interim Executive Director
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.
New Study Examines “˜Disruption’ of LIHTC Program
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.”
Tax Court Ruling Has Major Implications For Historic Tax Credit
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.
Affordable Housing Debt Update
While tax credit equity remains the biggest industry concern, debt financing is also elusive for many developers. 2010 promises to be a challenging year–originations are down, underwriting standards are only becoming stricter and, with then end of the TCAP program and declining state budgets, gap financing will become even more difficult to obtain. NH&RA can help!
Arizona Seeking Comments For 2010 QAP
Arizona is seeking comments on its 2010 QAP. Included in the QAP package are ADOH’s Market Study Guidelines.
FHFA Authorizes CDFIs to Become FHLB Members
The Federal Housing Finance Agency (FHFA) today issued a final rule that authorizes non-federally insured community development financial institutions (CDFIs) that have been certified by the CDFI Fund, including community development loan funds, venture capital funds, and State-chartered credit unions, to become members of a Federal Home Loan Bank (FHLB).
HUD Releases Updated New Consolidated Planning/CHAS Data
The U.S. Department of Housing and Urban Development (HUD) has released an update of the Comprehensive Housing Affordability Strategy (CHAS) data.
Vermont Publishes 2010 Vermont Housing Needs Assessment
Vermont Housing Finance Agency for the Vermont Department of Economic, Housing and Community Development have published its 2010 Vermont Housing Needs Assessment.
Virginia Publishes Updated LIHTC Reference Materials
Virginia Housing Development Authority has published updated 2010 LIHTC reference documents including its 2010 Low-Income Housing Tax Credit Manual as well as market study requirements.
Kentucky Publishes 2010 Revised Qualified Action Plan and Rental Guidelines
Kentucky Housing Corporation has released a revised 2010 Qualified Action Plan (QAP) and Rental Guidelines are now available for review and public comment.
North Dakota Approves 2010 QAP
The North Dakota Industrial Commission has approved the 2010 Low Income Housing Tax Credit Qualified Allocation Plan (QAP).
HUD Publishes Quarterly Regulatory Waivers
HUD has published its quarterly report of all of its approved regulatory waivers.