General News

The Georgia Georgia Department of Community Affairs Department of Housing Finance & Development (DCA) recently posted the 2013 Approved Market Analyst list.

The West Virginia Housing Development Fund has released the approved 2013-2014 Qualified Allocation Plan.

The Internal Revenue Service (IRS) has released it latest LIHC Newsletter, which provides a forum for information about Section 42, the Low-Income Housing Tax Credit (LIHTC), and communicating technical knowledge and skills, guidance, and assistance for developing LIHTC issues.

The Internal Revenue Service (IRS) recently released Notice 2013-15 to announce the 2013 Calendar Year Resident Population Figures, which are used to determine each state’s 2013 Low-Income Housing Tax Credit (LIHTC) ceiling and tax-exempt private activity bond volume caps.

The New York State Senate and Assembly recently passed, and Governor Cuomo signed into law, a state budget bill (Senate Bill 2609D) that extends the state historic rehabilitation tax credit program through 2020.

The National Park Service (NPS) recently published a notice in the Federal Register inviting comments on Historic Preservation Certification Application. Building owners use this application to apply for federal historic rehabilitation tax credits.

The Ohio Housing Finance Agency has announced a public hearing to obtain input from affordable housing stakeholders and other interested parties.

The Iowa Finance Authority is hosting a public forum for interested parties to provide feedback and recommendations for the 2014 Qualified Allocation Plan.

The U.S. Senate on March 20 passed by a vote of 73 to 26 an amended version of the U.S. House of Representatives FY 2013 continuing resolution (CR), H.R. 933. The legislation provides funding for all federally funded agencies for the remainder of FY 2013, which ends on September 30, 2013.

Secretary of the Interior Ken Salazar recently announced the results of a National Park Service review of the historic tax credit. Overall, the document is very encouraging and addresses many of the issues NH&RA highlighted in recent comments to DOI.

The U.S. Census Bureau and HUD recently released the new 2012 Rental Housing Finance Survey, which provides a more complete picture of the nation’s multifamily rental properties, including data on property values, how their mortgages are financed, and characteristics of the structures.

HUD recently released Notice H 2013-07 to provide supplemental guidance to previously issued Mortgagee Letter (ML) 2010-21 and Notice H 2010-11 to clarify processing procedures and to describe how lenders can obtain prior approval for mortgage insurance commitments.