HUD Gets Ready to Launch FHA Tax Credit Pilot

By Caitlin Jones
November 30, 2010 1 min read

Tax Credit Advisor — December 2010 ““ The U.S. Department of Housing and Urban Development (HUD) is about to make further improvements to its Federal Housing Administration (FHA) multifamily mortgage insurance programs, including a new tax credit pilot program to roll out in the first quarter of 2011. The initiatives were described by HUD official Christopher Tawa, who spoke October 18 during the National Housing & Rehabilitation Association’s 2010 Fall Developers Forum in Boston. In the past year, HUD has taken a series of actions to cut processing times and mitigate financial risk in the FHA multifamily programs and to remove impediments to getting HUD-insured mortgages for low-income housing tax credit (LIHTC) projects. The Department has tightened underwriting criteria for FHA loans for market-rate and affordable multifamily projects, ended a previous requirement to escrow all tax credit equity at the time of closing, and eliminated duplicative subsidy layering and cost certification requirements.

Breaking Ground

Jennifer Leimaile Ho, Minnesota Housing Commissioner and Incoming Chair of National Council of State Housing Agencies

Pamela Martineau • December 1, 2024 10 min read

Earlier this fall, Jennifer Leimaile Ho was elected chair of the National Council of State Housing Agencies’ (NCSHA) 2025 Board of Directors. Ho is the Commissioner of Minnesota Housing, having been appointed by Governor Tim Walz in January 2019 and reappointed in 2023.

“Business as Usual”

Leaders in Equity Express Optimism Despite an Uncertain Future

Abram Mamet • December 1, 2024 9 min read

Any outside observer may assume some unease amongst the low-income housing industry. Buffeted on the one hand by residual stressors from the COVID-19 pandemic and on the other by the uncertain prospects of an incoming federal administration keen on cutting spending and shrinking government programs, the affordable housing landscape is experiencing an inflection point.

NCSHA Recognizes Stand-Out Affordable Housing Programs and Initiatives

Pamela Martineau • December 1, 2024 7 min read

This fall, the National Council of State Housing Agencies (NCSHA) recognized 17 programs offered by state housing finance agencies across the nation that creatively developed tools to tackle their communities’ affordable housing challenges.