News
Registration Is Now Open For NH&RA Boston Developers Forum
NH&RA pleased to announce we will be returning to the Taj Hotel (formerly the Ritz-Carlton) for our Annual Boston Fall Developers Forum November 2-3, 2009. This is a can’t miss event for developers and affordable housing professionals looking to get the latest updates on state-of-the-art transactions and breaking news from the Congress, HUD and HFAs.
Online registration is now open and the hotel is taking reservations at our group rate. Click here to register online.
HUD Announces $96 Million in Public Housing Grants
U.S. Department of Housing and Urban Development Director Shaun Donovan recently announced $96 million in grants to 15 public housing authorities across the country to make substantial improvements to thousands of public housing units.
Treasury Announces First Round of Funding Under Renewable Energy Production Program
U.S. Treasury Secretary Tim Geithner and Energy Secretary Steven Chu recently announced $502 million in the first round of awards from the Section 1603 program created by the Recovery Act.
HUD Mortgagee Letter Encourages the Use of Housing Tax Credits with FHA-Insured Loans
The Law Firm Nixon Peabody LLP recently issued an Affordable Housing Alert on a recent HUD Mortgagee Letter. The letter implements changes to facilitate using Low-Income Housing Tax Credits with FHA loans.
HUD Issues Multiple Multifamily NOFAS
HUD has issued Notice of Funding Opportunities for the following programs:
California Schedules Hearing for LIHTC and ARRA
The California Tax Credit Allocation Committee will hold a public hearing on September 17 in Sacramento.
California Issues Additional Guidance On TCAP Environmental Requirements
The California Tax Credit Allocation Committee has issued a notice entitled, “Tax Credit Assistance Program (TCAP) Environmental Requirements & Guidance.”
South Carolina Schedules Tax Credit Developer Roundtable Meeting
South Carolina State Housing Finance & Development Authority will hold its 2009 Tax Credit Developer Roundtable Meeting on September 23, 2009 in Columbia.
Michigan Schedules ARRA Webinar/Conference Call
Michigan State Housing Development Authority staff and Michigan Housing Council representatives will hold a webinar style conference call September 10th from 3:00 pm to 5:00 pm. Callers will be able to listen to a live discussion around several aspects of the Authority’s implementation of the various Recovery Act funded programs.
IRS Announces Housing Credit Allocations from 2009 National Pool
The IRS has issued Revenue Procedure 2009-40, which specifies the amount of additional low-income housing tax credits allocated to qualifying states from the 2009 National Pool. These are prior-year housing credits that went unused by other states, and boost the 2009 housing credit ceiling of recipient states. The states allocated additional credits and the amount received by each are:
Missouri Agency Seeks to Boost State Historic Tax Credit
The Missouri Housing Development Commission has hired a team of NH&RA members to determine how to boost the value of Missouri’s state low-income housing tax credit to 65 cents, from its current value of 40 cents.
HUD Issues Quarterly Housing Conditions Report
The U.S. Department of Housing and Urban Development (HUD) has released the latest version of its publication, U.S. Housing Market Conditions, for the second quarter of 2009.