Please click here to read the New England Housing Network's latest Budget and Legislative Priorities.
Housing News
June 20, 2011
HUD and the Treasury Department issued guidance on the Tax Credit Assistance Program (TCAP) and the Low Income Housing Tax Credit Exchange Program (“Section 1602”) on May 4, 2009. They held a joint webcast on May 6 to discuss the programs and issues that will be addressed through further guidance and/or “Q and A” websites. Both agencies emphasized the importance of meeting commitment and spending deadlines. Treasury was represented on the webcast by Jean Whaley and HUD by Marcia Sigal.
June 20, 2011
WASHINGTON – With the Making Home Affordable (MHA) program delivering much-needed relief to homeowners and to our economy just over two months after the release of program guidelines, Treasury Secretary Tim Geithner and Housing and Urban Development (HUD) Secretary Shaun Donovan today provided an update on the program’s impact on stemming the housing crisis and keeping families in their homes and announced new options for homeowners facing foreclosure.
Please click here for the full press release.
June 20, 2011
The budget released by the Senate Committee on Ways and Means would cut funding to affordable housing by 32% over FY ‘09 expenditures.
Please click here to view the budget analysis prepared by CHAPA.
Please click here to read CHAPA's statement regarding the proposed budget cuts.
June 20, 2011
The Recovery Act is designed to stimulate the economy through measures that, among other things, modernize the Nation's infrastructure, jump start American energy independence, and protect those in greatest need. Green Building is an approach to sustainable development that is designed to result in a property that reduces energy demand, costs less to operate, improves the residents’ quality of life, and reduces its impact on the environment. Issuance of the Notice implements the Green Retrofit Program.
June 20, 2011
Enterprise Communities has prepared summaries of changes to the second Neighborhood Stabilization Program:
Click here to read a summary of NSP2 NOFA Program Changes.
Click here to read a summary of NSP2 NOFA Competitive Application Requirements.
June 20, 2011
HUD Secretary Shaun Donovan provided details of the FY2010 budget at a briefing on May 7. Enterprise participated in the briefing and has updated its HUD budget chart.
Read Enterprise's budget summary and HUD budget chart.
June 20, 2011
HUD has scheduled a series of webcasts pertaining to ARRA implementation. They are all next week, May 12, 13, and 14. A description of each webcast, their dates and times can be found here.
June 20, 2011
HUD and the Department of Energy (DOE) have announced an interagency agreement that will help pave the way for the Weatherization of HUD assisted and LIHTC properties. DOE has concluded that existing income verification procedures for HUD assisted, public housing, and LIHTC properties are sufficient for determining eligibility for the Weatherization Assistance Program (WAP). This agreement reduces a significant administrative obstacle to improving the energy efficiency and livability of these homes.
June 20, 2011
State Updates
House Passes FY 10 Budget; Adopts Amendments to Maintain MRVP, Other Critical Programs
On May 1st, the House of Representatives adopted its FY 2010 budget, which included amendments to preserve several critical affordable housing programs.