General News

The Internal Revenue Service (IRS) has issued Notice 2011-87 to announce the temporary suspension of certain requirements for low-income housing tax credit projects in order to provide emergency housing relief to individuals affected by Hurricane Irene and/or Tropical Storm Lee in New York.

In Revenue Procedure 2011-52, the Internal Revenue Service (IRS) set the inflation-adjusted State credit ceiling for the low-income housing tax credit (LIHTC) program and private activity bond caps for calendar year 2012.

The Minnesota Housing Finance Agency (MHFA) has announced Barb Sporlein as its new Deputy Commissioner.

A new Mortgage Bankers Association (MBA) report entitled “2010 Annual Report on Multifamily Lending” finds that the multifamily mortgage industry grew significantly between the years 2009 and 2010.

New financing techniques, advances in technology and expected increases in water and energy costs will spur the growth of the commercial building and public facility retrofit market to as much as $12 billion a year in the near future, according to a new publication called Efficient Buildings Today.

HUD’s Office of Policy Development & Research is in the process of formulating it’s research agenda for the next 5-10 years and is soliciting input from the public.

The Solar Energy Industries Association (SEIA) last week released a report entitled, “Economic Impact of Extending the Section 1603 Treasury Program.”

The Internal Revenue Service (IRS) issued Notice 2011-83 to grant certain low-income housing tax credit (LIHTC) properties relief from certain requirements to provide emergency housing relief needed as a result of the devastation caused by Hurricane Irene or Tropical Storm Lee in Pennsylvania.

U.S. Housing and Urban Development recently contracted with Abt Associates Inc. and released a two-part study examining the housing recovery efforts in the Gulf Coast after Hurricanes Katrina and Rita.

HUD’s Economic and Market Analysis Division recently released its Comprehensive Housing Market Analysis report for the Las Cruces, New Mexico market area.

A New York law allows municipalities outside of certain counties to adopt a new real property tax exemption for the construction or substantial rehabilitation of multiple dwellings.

The California Tax Credit Allocation Committee (TCAC) has reminded allocatees that carryover allocation documentation and payment of the allocation fee for all 2011 9% tax credit reservation recipients is due to TCAC no later than…