General News

HUD recently issued guidance about combining Section 8 Housing Assistance Payment (HAP) contracts that contain similar provisions and those that contain differing provisions for Multifamily Field Office Staff.

HUD recently released a Notice in the Federal Register announcing guidelines for Housing Credit Agencies (HCAs) to follow in implementing subsidy layering reviews in accordance with the Housing and Economic Recovery Act of 2008 (HERA).

HUD recently published a Notice in the Federal Register to release a new assessment tool for grantees to take advantage of when preparing Affirmatively Further Fair Housing (AFFH) plans.

On September 29, California Governor Jerry Brown vetoed A.B. 1399, a bill to create a state new markets tax credit (NMTC), and A.B. 1999, to create a state historic rehabilitation tax credit (HTC).

Grace Robertson, a longtime analyst with the Internal Revenue Service (IRS) recently announced her retirement from the agency.

The Internal Revenue Service (IRS) today released its updated audit technique guide (ATG) for the Low-Income Housing Tax Credit (LIHTC) program. This guide was prepared to assist IRS examiners in auditing owners of LIHTC properties.

The Internal Revenue Service (IRS) published that $2.59 million of unused LIHTCs carryovers for calendar year 2014 will be allocated to 35 qualified states and Puerto Rico.

Governor Martin O’Malley announced that Raymond A. Skinner, who has served as Secretary of DHCD since 2007, is retiring at the end of the month and that he will appoint Clarence J. Snuggs, the current Deputy Secretary of DHCD, as acting secretary effective September 1, 2014

Federal Housing Finance Agency (FHFA) today proposed a rule that would establish housing goals for the government-sponsored enterprises (GSE) Fannie Mae and Freddie Mac for 2015 through 2017.

IRS recently released Revenue Procedure 2014-49 to make revisions to Revenue Procedure 2007-54 which established temporary relief from certain requirements of Section 42 of the Internal Revenue Code for owners and agencies located in areas affected by major disasters.

HUD recently released Housing Notice 2014-10 to make updates to certain procedures published in Notice 2011-18 “Processing Guidance for the Section 202 Supportive Housing for the Elderly and Section 811 Supportive Housing for Persons with Disabilities Programs.”

Community Development Financial Institutions Fund (CDFI Fund) will be holding a webinar on the CDFI Information Mapping System (CIMS3) for New Markets Tax Credit (NMTC) program participants.