The Louisiana Housing Finance Agency (LHFA) today released a memo describing how it will award its remaining Tax Credit Assistance Program (TCAP) funds. Properties that have achieved prior environmental clearance can apply for up to $1.5 million in TCAP funds. LHFA will award points to properties based on the amount of TCAP money that they have already expended and the amount of funding that they are requesting. LHFA will accept applications until 4:30 p.m. February 25. Staff will post preliminary rankings no later than 4:30 p.m. March 7 and LHFA’s Board of Commissioners will approve the staff-submitted properties on March 16. More information about the submission procedures can be found inLHFA’s memo.
Filed under Affordable Housing, Affordable Housing News, Hurricane Recovery Issues by 
WASHINGTON – In an effort to continue stabilizing home values and improve conditions in communities experiencing high foreclosure activity, Federal Housing Administration (FHA) Commissioner David H. Stevens today extended FHA's temporary waiver of the agency's 'anti-flipping rule.' The extension announced today is intended to accelerate the resale of foreclosed upon homes in neighborhoods struggling to overcome possible property abandonment and blight.
More on FHA Extends Anti-Flipping Waiver to Help Stabilize Housing Market
Filed under Affordable Housing, Affordable Housing News, HUD, Rehabilitating Homes by
New "Making Home Affordable" data reveals mortgage help reaching struggling middle class, underwater and minority homeowners
WASHINGTON – The U.S. Department of Housing and Urban Development (HUD) and the U.S. Department of the Treasury today released the January edition of the Obama Administration's Housing Scorecard. The latest housing figures show increased new and existing home sales as home affordability remains high, but officials caution that the market remains fragile, as prices are unsettled. Foreclosure starts and completions remained low at the year’s end, as lenders continue to review internal servicing procedures. The Obama Administration’s complete housing scorecard on the nation's housing market is available online at www.hud.gov/scorecard.
Filed under Affordable Housing, Affordable Housing News, homeownership, HUD by
