General News

QAP Deadlines

Minnesota: Minnesota Housing announced the availability of an estimated $70 million in funding through the 2014 consolidated Request for Proposals (RFP) and $12.5 million in 2015 Housing Tax Credits (Round 1).

Early this week New York City Mayor Bill de Blasio announced his highly anticipated affordable housing plan entitled, “Housing New York: A Five-Borough, Ten-Year Plan”.

Story Update April 30, 2014: This past week, Senate Majority Leader Harry Reid (D-NV), said that he will soon have the Senate vote on the EXPIRE Act. The bill made it out of the Senate Finance Committee with broad bipartisan support on April 3, and industry experts expect it to pass the full Senate with […]

The National Council of Housing Market Analysts (NCHMA) today released a new supporting document to the organization’s Model Content Standards for Rental Housing Market Studies (Model Content). NCHMA’s Model Content offer a set of recommendations for standardized terminology, content, and level of analysis for market studies.

Representative Charles Rangel (D-NY) recently introduced the Renters Tax Credit Act of 2014 (HR 4479), which would provide a tax credit to apartment owners and lenders that subsidize the cost of lower rents for low-income households.

Freddie Mac recently announced a new initiative aimed at broadening the availability of financing for affordable rental properties financed with tax-exempt bonds, in order to keep rental housing affordable for low-income families. The Direct Purchase of Tax-Exempt Loans “program” will increase the liquidity needed for more affordable housing while creating investment opportunities for investors.

NH&RA is pleased to announce that registration is now open for our 2nd Preservation Through Energy Efficiency (PTEE) Road Show. Join us in Denver, Colorado on July 14 at the PPA Event Center, which is located in the heart of the Highlands neighborhood and just minutes from downtown Denver.

NOTE: The following article is reprinted with permission and will appear in the May 2014 issue of Tax Credit Advisor. More than 120 enthusiastic energy- and cost-concerned representatives from  a variety of affordable housing companies and organizations filled a conference room in a building adjacent to Philadelphia’s 30th Street Station on April 3 for a […]

QAP Deadlines Minnesota: Minnesota Housing announced the availability of an estimated $70 million in funding through the 2014 consolidated Request for Proposals (RFP) and $12.5 million in 2015 Housing Tax Credits (Round 1). The application deadline is June 10, 2014 by 5:00 PM.

Senator Charles Schumer (D-NY) recently introduced the National Disaster Tax Relief Act of 2014 (S. 2233), a bill which would increase the Low-Income Housing Tax Credit (LIHTC), New Markets Tax Credit (NMTC), and Historic Rehabilitation Tax Credit (HTC) allocations in states that include a federally declared disaster area in 2012 or 2013.

The National Park Service (NPS) Technical Preservation Services recently released a revised Historic Preservation Certification Application, new PDF application forms, and the full implementation of the Pay.gov fee payment system.

QAP Drafts & Public Hearings The Iowa Finance Authority is hosting a public forum to provide developers and interested parties an opportunity to provide recommendations for the 2015 Qualified Allocation Plan (QAP) – 4% Tax Credits with Tax-Exempt Bonds on May 5, 2014. The Draft Oregon 2014 QAP is available and you may view the […]