General News

In response to public comment received during and subsequent to the recent rule development workshops, Florida Housing revised sub-paragraph 67-21.014(2)(r)6., paragraph 67-21.026(12)(e) and paragraph 67-48.0072(17)(f), F.A.C., to read as follows:  Ensure that no construction or inspection work is performed by the General Contractor, with the following exceptions: (i) the General Contractor may perform its duties […]

West Virginia Governor Jim Justice (R) signed legislation that eliminates the transaction cap and the annual statewide cap for the State Historic Tax Credit (HTC).

The Michigan Strategic Fund has adopted procedures for taxpayers to request certain certifications to receive the State Historic Tax Credit (HTC).

The Federal Home Loan Bank of Pittsburgh’s Affordable Housing Program (AHP) will open June 28, with approximately $7 million available.

Key findings from the California Housing Partnership’s annual Affordable Housing Needs Report include:  

Indiana Governor Eric Holcomb (R) signed into law an omnibus tax law that creates a State LIHTC for fiscal years after June 30, 2023. S.B. 382 creates an Indiana LIHTC available to recipients of Federal four percent LIHTCs that can be taken over five years and carried forward up to nine years. The Indiana credit will be for up to 100 percent of the federal credits issued to the property.

Governor Phil Murphy (D) released New Jersey’s proposed budget, which includes $300 million in American Rescue Plan Act funds for the Affordable Housing Production Fund to create 3,300 new affordable homes.

The Baltimore Metropolitan Council (BMC) seeks qualified and experienced developers to apply for affordable housing subsidies for new construction, substantial rehabilitation or existing housing through the Baltimore Regional Project-Based Voucher (PBV) Program.

The California Department of Housing and Community Development (HCD) has released its 2022 Notice of Funding Availability (NOFA) calendar.

The Cook County Assessor’s Office announced dates for its upcoming informational webinars about a new affordable housing property tax incentive.

A new report from the NYU Furman Center provides a detailed picture of the housing produced under the contentious 421-a tax exemption, including how trends shifted when the program was last reauthorized.

HUD’s most recent “In Depth” article highlights a New York state ordinance that expands protections for renters.