General News

NH&RA News

Comments Soliciting on NMTC Equity Form

The Internal Revenue Service is soliciting comments by August 10 on IRS Form 8874, which is completed and submitted by investors to report equity investments made in community development entities (CDEs) under the federal new markets tax credit program.

NH&RA News

Deadline Approaching for NMTC Program QEI Reports

Applicants for an allocation of funds under the 2009 New Markets Tax Credit (NMTC) Program round are reminded that the qualified equity investments (QEI) issuance reporting deadline is approaching on Wednesday, June 17.

Mississippi

NCAHMA Posts Presentation, Case Study from Market Study Training Seminar

NCAHMA has made available for download the materials presented during Setting the Stage: An Intro to Market Studies.

NH&RA News

REITs Expected to Dominate Investor Markets

According to speakers at the National Association of Real Estate Investors’ REITWeek Conference last week in New York City, public real estate investment trusts (REIT) will make up the few top players in the commercial real estate market because of their access to capital and fundraising abilities to accumulate assets, while many private equity providers remain unwilling to invest.

North Carolina

North Carolina Revises Tax Credit Exchange Criteria

The North Carolina Housing Finance Agency has issued a revised version of its low-income housing tax credit exchange program process and criteria.

Pennsylvania

Philadelphia Housing Authority to Sell 1,800 Vacant Properties

The Philadelphia Housing Authority (PHA) has been granted approval by the federal government to sell off approximately 1,800 vacant properties, mostly located throughout North, West and Southwest Philadelphia.

NH&RA News

Census Bureau Releases 2007 Real Estate Rental, Leasing Industry Report

The U.S. Census Bureau has released a series of national data on the various rental and leasing sectors of the 2007 real estate industry.

Virginia

Virginia Issues 2009 LIHTC Update

The Virginia Housing Development Authority has issued its fourth update to the low-income housing tax credit reservation application process for its 2009 program.

New Mexico

New Mexico Issues Draft NOFAs for TCAP, Exchange Programs

Housing New Mexico has published separate draft notices of funding availability (NOFA) for its low-income housing tax credit assistance (TCAP) and exchange programs.

Nevada

Nevada Publishes TCAP Criteria

The Nevada Division of Housing has published guidance on the application and selection process criteria for its tax credit assistance program (TCAP).

Florida

Florida Issues ARRA Guidelines, Criteria

The Florida Housing Finance Corporation has published guidelines for the issuance of RFPs for the low-income housing tax credit assistance (TCAP) and Exchange programs, provided for by the American Recovery and Reinvestment Act.

Massachusetts

Massachusetts Report Calls for Greater Accountability in Affordable Housing Law

The Massachusetts State Senate Post Audit and Oversight Committee recently concluded an investigation and published a report that calls for greater transparency and accountability under the state’s Chapter 40B affordable housing law, which allows developers to override local zoning laws limiting the number of units able to be built, so long as they agree to set aside a portion of affordable units, limit their profits, and return excess earnings to the municipality.

[Page 265 of 285 ]