General News
CDFI Fund Releases Comments on Capital Magnet Fund
The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) has released the comments submitted in response to its request for public comment related to the Capital Magnet Fund (CMF).
House Appropriations Subcommittee Releases Marks Up HUD Funding Bill”
The House of Representatives Appropriations Subcommittee on Transportation, Housing & Urban Development has released the Chairman’s mark-up for its FY-2011 the HUD Funding Bill.
Nebraska Agency Spearheads National Affordable Housing Equality Initiative
Nebraska Investment Finance Authority (NIFA) is spearheading the National Affordable Housing Equality Initiative (NAHE) to raise awareness about the problems caused by outdated restrictions in the Low Income Housing Tax Credit program.
Montana Releases Final 2011 QAP
Montana’s Board of Housing recently released its final 2011 Qualified Allocation Plan (QAP).
Treasury Offers Guidance on Section1603 Renewable Energy Cash Grant Program
The Treasury Department recently published additional guidance on the Section 1603 renewable energy tax credit cash grant program, specifically with regards to the beginning of construction for projects utilizing 1603 funds.
Massachusetts Releases Amended 2010 QAP
The Massachusetts Department of Housing & Community Development has released its draft amended 2010 Qualified Allocation Plan (QAP).
California Releases Estimated Credit Totals Available in 2010
The California Tax Credit Allocation Committee has released estimated totals and set-asides of tax credit funding available in 2010 through the state’s competitive allocation process.
HUD Issues Quarterly Report on Regulatory Waiver Requests
HUD has published its quarterly notice of all regulatory waivers that HUD has approved.
New Jersey Seeks To Readopt LIHTC Procedures
The New Jersey Housing and Mortgage Finance Agency is proposing to readopt its rules without amendments.
MSHDA Executive Director To Retire
The Michigan State Housing Development Authority (MSHDA) executive director, Keith Molin, has announced that he will step away from the day-to-day responsibilities of managing the agency to facilitate the transition to a new director this fall.
LISC, Enterprise Release Report on LIHTCs in New York City
The Local Initiatives Support Corporation (LISC) and Enterprise Community Partners recently released a new report that assesses the effects of LIHTC projects throughout New York City on property values to reflect the market’s assessment of neighborhood quality.
CA Senate Committee Passes Bill to Establish State NMTC Program
California’s Senate Revenue and Tax Committee last week passed a bill (S.B. 1316) that would establish a new tax credit modeled after the federal New Markets Tax Credit (NMTC) program.