NCSHA Blog

On March 17, the House Ways and Means Committee passed the Small Business and Infrastructure Jobs Tax Act of 2010, H.R. 4849, which expands the Housing Credit Exchange program to include 4 percent Credits, as NCSHA has advocated. It also extends the Build America Bonds (BAB) program.

On March 15, Senate Banking Committee Chairman Christopher Dodd (D-CT) unveiled his comprehensive financial reform bill. Dodd plans to hold a Committee markup of his bill the week of March 21.

On March 15, Treasury published in the Federal Register a Notice of Funding Availability (NOFA) for the FY 2010 funding round of the Capital Magnet Fund (CMF).

On March 11, Federal Housing Administration (FHA) Commissioner-Assistant Secretary for Housing David Stevens testified before the House Financial Services Subcommittee on Housing and Community Opportunity on the FHA Reform Act of 2010 and the HUD FY 2011 Budget request.

On March 15, Acting House Ways and Means Committee Chairman Sander Levin (D-MI) released the Small Business and Infrastructure Jobs Tax Act of 2010, which expands the Housing Credit Exchange program to include 4 percent Credits, as NCSHA has advocated. It also extends the Build America Bonds (BAB) program. Levin says the Committee will mark up the bill March 17.

On March 11, HUD Secretary Shaun Donovan testified before the Senate Appropriations Subcommittee on Transportation, Housing and Urban Development, and Related Agencies on the Department’s FY 2011 Budget.

On February 24, HUD published a Federal Register notice soliciting comments on its proposed tenant and project data forms for collecting data on Low Income Housing Tax Credit (Housing Credit) tenants and properties.

On March 10, the Senate passed legislation extending the Housing Credit Exchange program for one year and expanding it to include Gulf Opportunity Zone (GO Zone) Credits and Midwestern Disaster Area Credits (Disaster Credits, collectively).