General News
MO Senate Passes Bill to Revise State Historic Credit
The Missouri State Senate recently approved a measure (SB 120) to amend the state’s Historic Preservation Tax Credit (HPTC) program.
GA Introduces Measure to Amend State Historic Credit
The Georgia General Assembly recently introduced the Georgia Prosperity Through Preservation Act (HB 308), which relates to modifying the state’s Historic Rehabilitation Tax Credit program.
DC Historic Preservation Office Releases Study on Effectiveness of State Historic Tax Credits
The District of Columbia Historic Preservation Office (HPO) recently announced the publication of a study entitled “Leveraging Federal Economic Development Resources with State Historic Rehab Tax Credits”.
VA Adopts Final Rule Amending Homeless Providers Grant and Per Diem Program
The Department of Veterans Affairs (VA) recently released a notice in the Federal Register which adopts as a final rule proposed rule to amend the VA regulations concerning the Homeless Providers Grant and Per Diem Programs.
Choice Neighborhoods Authorization Bill Re-Introduced
Senator Robert Menendez (D-NJ) recently re-introduced the Choice Neighborhoods Initiative Act of 2013 (S. 437), which would fully authorize the Choice Neighborhoods Initiative (CNI) program and allocate $350 million in FY 2013.
OMB Issues Report to Congress Detailing Sequestration Effects on Programs
The Office of Management and Budget (OMB) recently released a letter to Congressional leaders which detailed the calculations of the amounts and percentages by which various budgetary resources are required to be reduced due to sequestration, or the automatic $85 billion worth of across-the-board spending cuts in fiscal year (FY) 2013
Rent Supp and RAP Owners Must Submit RAD Expression of Interest by April 1
The Department of Housing and Urban Development (HUD) has indicated that owners of Rent Supplement and Rental Assistance Payments (RAP) properties should submit Rental Assistance Demonstration (RAD) expression of interest letters for conversion under the second non-competitive component to HUD by April 1.
MSHDA Provides Applicants Opportunity to Withdraw from Recent LIHTC Funding Round
The Michigan State Housing Development Authority (MSHDA) is providing applicants the opportunity to withdraw from the February 15, 2013 LIHTC funding round application without penalty.
House Ways and Means Committee Tax Reform Working Groups Formed
House Ways and Means Committee Chairman Dave Camp (R-MI) and Ranking Member Sander Levin (D-MI) recently announced the formation of eleven Tax Reform Working Groups. Each of the groups will review current law in its designated issue area and then identify, research and compile feedback related to the topic of the working group.
Bipartisan Policy Center’s Housing Commission Releases Federal Housing Policy Recommendations
The Bipartisan Policy Center’s Housing Commission recently released its report recommending improvements to America’s federal housing programs. The recommendations propose scaling back the government role in the housing finance system and reforming housing assistance programs to better meet the needs of the most vulnerable households.
CBPP Estimates Sequestration Effects on Housing Programs
The Center for Budget and Policy Priorities (CBPP) recently released a report entitled “Estimated Cuts In Federal Housing Assistance and Community Development Programs Due to Sequestration”, which details the effects the potential across-the-board funding cuts for most federal programs (sequestration) could have on state housing programs.
HUD Releases 2013 HOME Income Limits
The U.S. Department of Housing and Urban Development (HUD) recently released the 2013 HOME income limits, effective February 20, 2013. HOME income limits are calculated using the same methodology that HUD uses for calculating Section 8 program limits.