General News
Louisiana House Passes NMTC Measure
The Louisiana House of Representatives recently approved H.B. 726 by a vote of 66-33, a measure to create a state New Markets Jobs Tax Credit to provide incentives for private businesses to invest in low-income rural and “emerging urban” communities.
Iowa Governor Signs Law Modifying State Historic Tax Credit
Iowa Governor Terry Branstad yesterday signed Senate File 436 into law to modify the rules for the state Historic Preservation and Cultural and Entertainment District Tax Credit, making the program easier to use and expanding eligibility.
Connecticut Housing Finance Authority Approves Draft 2013 QAP
The Connecticut Housing Finance Authority Board of Directors approved the draft 2013 Qualified Allocation Plan (QAP).
HUD Provides Guidance on Conducting Subsidy Layering Reviews
HUD recently issued Notice PIH-2013-11 to provide instructions for submitting requests for Subsidy Layering Reviews (SLRs) according to various guidelines.
Senate Finance Committee Releases Tax Reform Option Report, LIHTC, NMTC and HTC Options Included
The Senate Finance Committee has released a tax reform option paper about economic and community development provisions. The document is the sixth in a series of papers compiling tax reform options that Finance Committee members may wish to consider as they work towards reforming our nation’s tax system.
FHFA Reports on Fannie, Freddie Multifamily Business
The Federal Housing Finance Agency (FHFA) recently released reports detailing the activity of the Government Sponsored Enterprises (GSEs) Fannie Me and Freddie Mac’s multifamily businesses.
HUD, DOJ Issue Guidance on Fair Housing Act Multifamily Design and Construction Requirements
The Departments of Justice (DOJ) and Housing and Urban Development (HUD) have released new guidance on design and construction requirements under the Fair Housing Act.
FHA Updates Multifamily Statutory Limits
In accordance with Section 206A of the National Housing Act, HUD has adjusted the Basic Statutory Mortgage Limits for Multifamily Housing Programs for Calendar Year 2013. Effective Date: January 1, 2013.
Novogradac Releases Report Detailing Effects of Tax Reform on LIHTC Equity
NH&RA member firm, Novogradac & Company, recently released a report entitled “Affordable Rental Housing after Tax Reform” which details the effect corporate tax reform could have on the equity raised from Low-Income Housing Tax Credits (LIHTC).
Kentucky Releases Final Draft of the 2014 Multifamily Finance Guidelines
Kentucky Housing Corporation (KHC) recently released the final draft of its 2014 Multifamily Finance Guidelines, which governs the competitive funding process for several federal and state resources to enable the development and rehabilitation of safe, affordable housing.
OHFA Revises Guidelines for Bond Gap Financing Program
The Ohio Housing Finance Agency (OHFA) recently released a draft of the 2013 Bond Gap Financing (BGF) program guidelines for public comment and review.
NCSHA 2011 Factbook Details HFA Program Activity
The National Council of State Housing Agencies (NCSHA) recently released its 2011 Factbook, a comprehensive survey of housing finance agency (HFA) program activity.