General News

HUD’s Office of Public and Indian Housing (PIH) recently published the final implementation notice, Notice PIH 2012-32, for its Rental Assistance Demonstration (RAD) program. RAD was authorized in the 2012 HUD appropriations bill, H.R. 2112.

The Internal Revenue Service (IRS) recently released notice REG-136491-09 which proposes to amend LIHTC utility allowance regulations.

HUD recently released its proposed fair market rents (FMRs) for FY 2013. FMRs are used to determine payment standards for the Housing Choice Voucher (HCV) program, to determine initial renewal rents for some expiring project-based Section 8 contracts, etc.

The Ohio Housing Finance Agency (OHFA) will host an architectural technical roundtable to gather comments and suggestions related to Expected Useful Life standards.

The Community Development Financial Institutions (CDFI) Fund announced today that the 2012 New Markets Tax Credit (NMTC) allocation round has opened; this is the tenth award round of the program. The CDFI Fund will make up to $5 billion in tax credits available, pending Congressional authorization.

U.S. Representatives Mike Turner (R-OH) and Russ Carnahan (D-MO), recently introduced the Rehabilitation of Historic Schools Act (HR 6151) which would amend the Internal Revenue Code of 1986 to allow the federal Historic Tax Credit (HTC) to be used to renovate older public schools.

On July 18, the Ohio Housing Finance Agency (OHFA) Board approved the final draft of the 2013 QAP. The changes made from the 2012 QAP were meant to improve clarity throughout the document, create a more transparent scoring process and integrate external suggestions to avoid unintended consequences.

The Ohio Housing Finance Agency (OHFA) is seeking public comment on its 2012-2013 Multifamily Bond Gap Financing Guidelines draft. Notably, the guidelines have been updated to include a competitive selection process.

The Montana Board of Housing (MBOH) will be hosting its annual Low Income Housing Tax Credit Compliance Training September 13-14, 2012.

The Arizona Department of Housing (ADOH) has made a change to its Compliance Training requirements, as outlined in the 2012 Qualified Allocation Plan (QAP), for participants in the LIHTC program.

Minnesota Housing’s Multifamily Division has restructured the program compliance department by merging the Housing Tax Credit, HOME, and deferred loan monitoring staff into one consolidated compliance team.

New York State Homes and Community Renewal (HCR) has announced the availability of its latest round of funding for the Low-Income Housing Credit (LIHC), Housing Trust Fund (HTF), HOME Program, and State Low-Income Housing Tax Credit Program (SLIHC).