General News

Senator Evan Bayh (D-Ind.) has proposed legislation that would make $230 million in funding immediately available to begin work on shovel-ready affordable housing developments in flood-ravaged areas of Indiana. The legislation would clarifiy that disaster housing credits in Indiana, Alabama, Arkansas, Illinois, Iowa, Kansas, Louisiana, Michigan, Missouri, Minnesota, Nebraska, Texas and Wisconsin would be eligible for the Tax Credit Exchange Program.

The Michigan State Housing Development Authority has released a notice of guidance and application for its 9% low-income housing tax credit exchange program, provided for by the American Recovery and Reinvestment Act of 2009.

The New Hampshire Housing Finance Authority recently released its final implementation plan for the low-income housing tax credit assistance program under the American Recovery and Reinvestment Act.

Housing New Mexico has released final versions of its notices of funding availability (NOFA) for the new low-income housing tax credit exchange and tax credit assistance (TCAP) programs, provided by the recent Recovery Act.

Kansas Housing Resources Corporation has released its draft selection criteria for funding through the Tax Credit Assistance Program (TCAP) under the recent Recovery Act.

The Maine State Housing Authority has released guidance on the Section 1602 Tax Credit Exchange Program, provided by the American Recovery and Reinvestment Act (ARRA).

The Illinois Housing Development Authority has released guidance and competitive selection criteria for its Equity Replacement Programs (TCAP and Exchange), under the American Recovery and Reinvestment Act (ARRA) of 2009.

The U.S. Department of Housing and Urban Development (HUD) announced today that it has joined the U.S. Department of Agriculture’s (USDA) Recovery Act online mapping tool by adding vital HUD data to USDA’s tool, which allows Americans to learn how and where HUD is spending funds provided through the American Recovery and Reinvestment Act of 2009.

The U.S. Department of the Treasury recently announced its second round of funding through the low-income housing tax credit exchange program, provided by the American Recovery and Reinvestment Act (ARRA) of 2009.

Sandra Henriquez was recently sworn in as the U.S. Department of Housing & Urban Development’s Assistant Secretary for the Office of Public and Indian Housing.

According to a report released recently by the Government Accountability Office (GAO), minority-based Community Development Entities (CDE) were less successful in obtaining federal New Markets Tax Credit (NMTC) allocations from 2005 through 2008.

Montana’s Board of Housing recently released its draft qualified allocation plan (QAP) for the 2010 low-income housing tax credit (LIHTC) program. The plan governs the allocation of LIHTCs in Montana and provides an overview of the program, administrative processes, eligible competitions, and fee schedules.