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Historic Preservation Development Council
Historic Preservation Development Council (HPDC) is a joint effort between NH&RA and the National Trust for Historic Preservation formed in 2001 to focus primarily on how the historic rehabilitation tax credit can be better utilized as a financing source to renovate older properties. HPDC brings together active participants in certified historic rehabilitation transactions including developers, investors, lenders, government officials, consultants, as well as legal and accounting professionals to discuss the most pressing legislative, regulatory, financial and transactional issues facing the industry and build consensus on solutions.
Since its formation, HPDC played a significant role in an array of legislative and regulatory efforts addressing certified historic rehabilitation. We have convened numerous meetings jointly with the National Trust for Histroric Preservation leading to the development of critical legislative and regulatory changes. We have provided critical insight from the development community by helping design SHPO training for the National Park Service. Additionally, a paper authored by HPDC led to the appointment of National Park System Advisory Board Committee on the Federal Historic Rehabilitation Tax Credit Program. HPDC members participated on and testified before this committee helping develop the NPSAB’s Recommendations for Improving Administration of the Certified Historic Rehabilitation Tax Credit Program. HPDC members most recently played a leadership role on the White Houses’ Preserve America Initiative, co-chairing the committee on Using Historic Properties as Economic Assets.
News & Information
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The U.S. Department of Housing and Urban Development (HUD) on December 22 issued a proposed rule to govern the sale of HUD-held single family homes and mortgage assets in designated revitalization areas . read more
Date Published: 01/06/2009
Tags: Affordable Housing, HUD, Native America/Indian Housing, Local Programs
The Alabama Housing Finance Authority recently published a final qualified allocation plan (QAP) for its 2009 low-income housing tax credit program. read more
Date Published: 01/06/2009
Tags: Tax Credits, LIHTC
The Colorado Housing and Finance Authority has released its final 2009 QAP and application for its low-income housing tax credit program. read more
Date Published: 01/06/2009
Tags: Tax Credits, LIHTC
In an interview reported by the Boston Globe, U.S. Representative Barney Frank indicated he wants the government to spend $10 billion on stalled low-income housing tax credit projects unable to secure equity. read more
Date Published: 01/06/2009
Tags: Congress, Multi-Family Finance, Affordable Housing, Tax Credits, LIHTC
In a new paper commissioned by the Massachusetts Housing Partnership (MHP, www.mhp.net), based on a survey of stakeholders in Massachusetts and other states, the firm Recap Advisors recommends 10 strategic steps that state housing credit agencies should take to most effectively allocate their 2009 low-income housing tax credits in the current troubled LIHTC equity environment. read more
Date Published: 01/06/2009
Tags: Tax Credits, LIHTC
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Join HPDC
Participation in councils is a primary benefit of membership in NH&RA.
Our councils keep members abreast of critical industry developments, new business opportunities and are leading advocates for the issues you care about most on Capital Hill and HUD, IRS, CDFI Fund, National Park Service and the State Housing Finance Agencies.
Perhaps most importantly, membership in NH&RA councils provides access to a peer group and network that WILL help you generate new business and create efficiencies in your operations. NH&RA members know that by sharing their insight and know-how we are all able to grow our businesses. Council membership is complimentary for NH&RA members. They meet in person and via conference call through out the year.