General News

Minnesota Governor Tim Pawlenty early this month signed into law the Minnesota Jobs Stimulus Bill (House File 2695

The U.S. Department of the Treasury has announced the opening of the 2010 competitive round for tax credits under the New Markets Tax Credit (NMTC) Program.

Earlier this month, U.S. Senator Blanche Lincoln (D-AR) sent a letter to Senate Majority Leader Harry Reid and Speaker of the House of Representatives Nancy Pelosi urging them to complete Senate-House negotiations of H.R. 4213, the American Workers, State, and Business Relief Act of 2010, also referred to as the tax credit extenders package.

California state lawmakers recently passed legislation (S.B. 401) to conform state tax law to federal changes made since 2005.

The National Council of Affordable Housing Market Analysts will be conducting market study traning for tax credit staff of the Florida Housing Finance Commission, the state’s administrative body for the low-income housing tax credit program.

Did you miss the 2010 Affordable Housing Conference & NH&RA Annual Meeting in Miami Beach, March 11-13? Don’t worry! NH&RA has made available digital audio recordings of select sessions from this year’s program!

The Minnesota Housing Finance Agency has released a notice of proposed revisions to 2011 low-income housing tax credit program, QAP and procedural manual.

he Maine State Senate has approved Governor John Baldacci’s nomination of Dale McCormick to serve a second four-year term as Director of MaineHousing, the state’s administrator of the low-income housing tax credit program.

The Louisiana Housing Finance Agency (LHFA) has announced its tentative timeline for 2010 LIHTC applications. LHFA’s draft 2010 qualified allocation plan (QAP) will be presented to its Board for approval on June 19.

for the certification of the 10% test for low-income housing tax credit (LIHTC) allocatees.

The Arkansas Development Finance Authority recently announced its intent to utilize 2010 Exchange funds as additional gap financing for 2010 tax credit applicants with a substantial investor purchasing the credits for $.65 or more.

New markets tax credit (NMTC) allocatees that received a NMTC allocation under the American Recovery and Reinvestment Act (ARRA) must submit their quarterly new markets reports by April 10.