General News

The U.S. Department of Energy (DOE) recently implemented a new ruling that expands the eligibility of projects for Weatherization Assistance Program (WAP) funding.

The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) is conducting two separate conference calls for potential applicants to the Capital Magnet Fund.

The US House of Representatives passed a $16.8 billion package of tax incentives for state and local governments and small businesses Wednesday, the second measure in the Democrats’ “jobs agenda” to pass the chamber this month.

The National Housing Conference (NHC) has issued two new reports on coordinating housing, transportation and workforce policies.

House Ways and Means Committee Chairman Sander M. Levin (D-MI), recently introduced draft legislation that would make tax-exempt bond-financed properties eligible for the Section 1602 low-income housing tax credit (LIHTC) cash grant exchange program, and allow the new markets tax credit (NMTC) to be used to offset the alternative minimum tax (AMT).

The U.S. Department of Housing and Urban Development (HUD) today issued a request for comment related to its American Recovery and Reinvestment Act Section 1512 reporting.

The Community Development Financial Institutions (CDFI) Fund is seeking reviewers to assist in its review of applications received under the FY 2010 funding round of the new Capital Magnet Fund (CMF). This program will provide competitively awarded grants to CDFIs and qualified nonprofit housing organizations to finance affordable housing and related community and economic development activities.

Rick M. Garcia was sworn in as the U.S. Department of Housing and Urban Development’s new Regional Director for Region VIII serving the six states in HUD’s Rocky Mountain Region which includes Colorado, Montana, North Dakota, South Dakota, Wyoming and Utah.

California Tax Credit Allocation Committee has published a revised LIHTC application Q & A has been revised as of March 19, 2010.

Oregon Governor Ted Kulongoski recently signed into law House Bill 3680, which restructures the state’s business energy tax credit (BETC) program.

The U.S. Department of Housing and Urban Development’s Office of Policy Development and Research recently announced that it has released updates to its low-income housing tax credit (LIHTC) database.

U.S. Senator Jeff Bingaman (D-NM) recently introduced new legislation aimed at stimulating new affordable housing development by adding incentives to the low-income housing tax credit (LIHTC) program.