General News
National Park Service Director Releases Video on Historic Credit
National Park Service Director Jonathan Jarvis talks about the Historic Preservation Tax Incentives in a new NPS video.
Chicago Releases Draft 2011 QAP
City of Chicago Department of Housing and Economic Development (HED) is making available for public comment a draft of its 2011 Low-Income Housing Tax Credit Allocation Plan.
National Park Service Publishes 2010 Annual Report on Historic Tax Credit Program
The National Park Service (NPS) has released its annual report for fiscal year (FY) 2010 on the historic tax credit (HTC) program.
Industry Groups Urge Senate to Meet Section 8 Obligation
Earlier this month, ten rental housing industry organizations sent a letter encouraging the Senate to include sufficient funding to meet project-based Section 8 rental assistance contractual obligations for both HUD and the Rural Housing Service and ensure that those living in this housing are not displaced.
Nevada Releases Final 2011 QAP & LIHTC Application
The Nevada Housing Division recently released the final documents for administering its 2011 Low-Income Housing Tax Credit Program.
Mayor Bloomberg Announces New DHPD Commissioner
New York City Mayor Michael Bloomberg has named Mathew Wambua as the new commissioner of the city’s Department of Housing Preservation and Development (DHPD).
IRS Updates LIHTC Form 8823 Guide
The Internal Revenue Service (IRS) last week released an updated version of its “Guide for Completing Form 8823: Low-Income Housing Credit Agencies Report of Noncompliance or Building Disposition.”
HUD Announces First Choice Neighborhoods Grant Awards
HUD recent published the following notice on its website announcing the first awards of Choice Neighborhoods Initiative grants.
FY-2012 HUD Budget Highlights
Today the White House released its FY-2011 Budget Proposal.
FY-2012 Budget Makes Major LIHTC Changes; Also Extends NMTC & Others Programs
The Department of the Treasury’s FY-2012 Budget Proposal included two major changes to the low-income housing tax credit. The changes if enacted with create a basis boost for certain bond transactions and encourage owners to create more mixed-income housing.
New York Lawmakers Advocate for State Historic Credit
New York’s Independent Democratic Conference (IDC) last week called for the reinstatement of New York’s Historic Rehabilitation Tax Credit (HRTC) program and released a report promoting the benefits of the HRTC entitled “Investing in our Upstate Economy: The Historic Rehabilitation Tax Credit.”
HUD Invites Comments on CNI Information Collection
The U.S. Department of Housing and Urban Development (HUD) today invited public comments on a proposed information collection for the Choice Neighborhoods Initiative, a program that aims to revitalize severely distressed assisted housing and improve access to public services.