The North Dakota Housing Finance Agency (NDHFA) has granted conditional commitments for $2.4 million in low-income housing tax credits (LIHTC) to support the construction or rehabilitation of 177 housing units. The agency received 14 applications for the credits requesting more than three times the amount available to support affordable housing development in the state this […]
Several industry groups are voicing their opposition against certain provisions of the Housing Preservation and Tenant Protection Act of 2010 (H.R. 4868). Our sister publication, Assisted Housing Management Insider, reported on the legislation, which was introduced by House Financial Services Committee Chairman Barney Frank (www.assistedhousinginsider.com, 3/3/2010, Insider Online). The National Leased Housing Association (NLHA) has […]
The “Next Step Housing Initiative—a pilot program to help formerly homeless and low-income individuals move into new rental units with support services—has been launched by the Center for Urban Community Services (CUCS) and the New York State Housing Finance Agency (NYS HFA). As part of the three-year program, participating housing developers will reserve a percentage […]
State Farm Insurance Cos. has joined forces with National Equity Fund (NEF), a nonprofit syndicator of low-income housing tax credits (LIHTCs), to support high-impact developments for families and seniors by expanding its commitment of $25 million to NEF. State Farm’s investment will support development projects that are expected to create 250 to 300 affordable rental […]
HUD has issued Notice PIH 2010—8 (HA), which amends the instructions for renewing or extending Project-Based Certificate (PBC) Housing Assistance Payments (HAP) contracts as Project-Based Voucher (PBV) HAP contracts under certain conditions, which is permitted by Section 6904 of the 2007 Iraq Accountability Appropriations Act. Specifically, public housing authorities (PHAs) can renew these contracts when […]
Building on the momentum of the National Broadband Plan delivered to Congress by the Federal Communications Commission (FCC) and its call for public-private partnerships to improve broadband adoption, a broad group of Internet service providers, computer technology companies, and nonprofits are collaborating to help bring broadband services to low-income homes throughout the U.S. Called the […]
The Habitat Company has been selected to manage construction services for three housing developments operated by the Gary (Indiana) Housing Authority (GHA). The project, which is part of a major investment in Gary’s public housing communities, began in July 2009. GHA is investing more than $5.8 million in HUD funds received as part of the […]
Toby Halliday, vice president for federal policy, for the National Housing Trust, speaking before the House Financial Services Subcommittee, stressed the Trust’s and the National Preservation Working Group’s support for H.R. 4868, the Housing Preservation and Tenant Protection Act of 2010, just introduced in the Congress. In his testimony, Halliday noted that: “H.R. 4868 safeguards […]
The Jericho Project, the national nonprofit dedicated to ending homelessness, has received federal stimulus funds toward the construction of its Bronx, N.Y. Veterans Residence, which will provide supportive housing and counseling for veterans. The new construction project received $10.6 million from the Tax Credit Assistance Program. Constructed over the next 18 months, the program will […]
HUD’s latest revision to the Low-Income Housing Tax Credit (LIHTC) database in February 2010 reveals that more new housing projects are located in the southern region of the U.S. compared to the Midwest, West, and Northeast. The database, which includes information on nearly 31,251 projects and more than 1.8 million housing units placed in service […]
