(RECAP: Earlier today, the U.S. Government Accountability Office (GAO) released the second in its three-report series on the Housing Credit program. This report focuses on state administration of the program. Despite its title, Low-Income Housing Tax Credit: Some Agency Practices Raise Concerns and IRS Could Improve Noncompliance Reporting and Data Collection, the report finds that states are administering the program in a manner largely consistent with federal laws and regulations, and in many cases, going above and beyond their requirements. The report is based on GAO’s review of all agencies’ 2013 Qualified Allocation Plans (QAPs) and site visits to and more extensive reviews of eight state agencies and one sub-recipient agency.)

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(RECAP: One of the most vital keys to today’s single-family housing market is homeowners who were born before the first-ever episode of Star Trek aired in the 1960s. Today, more than 50 years later, Baby Boomers and other homeowners over the age of 55 control nearly two-thirds of the nation’s home equity – about $8 trillion. There are also more than 67 million 55+ homeowners. Whether they choose to go from their current homes or age in place, the cumulative impact of their decisions on mortgage demand, affordable housing supplies, and the housing options available to Millennials and other aspiring homeowners will be substantial.)

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(RECAP: Habitat for Humanity of Greater Charlottesville (Habitat) is pleased to announce that President & CEO Dan Rosensweig is being recognized as a 2016 Game Changer by the Virginia Housing Alliance (VHA). The Game Changer Award recognizes housing professionals whose work “changes the game” for clients, communities, and the housing industry as a whole. These leaders are recognized for major breakthroughs or outstanding achievements in the affordable housing industry and have advanced or expanded the work of VHA in a significant way. Since joining Habitat as President & CEO in 2009, Rosensweig has provided inspirational and innovative leadership in the affordable housing sector within the greater Charlottesville community, and the state of Virginia.)

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