News

HUD

HUD Updates Discretionary Policies for Owners Implementing HOTMA

HUD published a revised HOTMA Implementation Notice (Notice H 2023-10) that now includes information to address the asset limitation found in Section 104 of the Housing Opportunity Through Modernization Act of 2016.

IRS

IRS Issues Updated Guidance for Form 8823

The Internal Revenue Service (IRS) issued updated guidance for completing Form 8823, the form used by State and Local LIHTC agencies to notify the IRS in the event of noncompliance or building disposition.

General News

Nominations for Novogradac’s Journal of Tax Credit Awards Due March 1

The 2024 Novogradac Journal of Tax Credits Awards recognize excellence in affordable housing, historic preservation and community development.

Colorado

Housing Colorado Eagle Award Nominations Due March 8

Housing Colorado’s Eagle Awardees will be honored at an Awards Ceremony on May 30.

Member News

Nixon Peabody Announces Retirement 

Nixon Peabody announced that after 35 years Richard Price is retiring.

house-of-representatives-seal

House Approves Tax Package with LIHTC Priorities, Advocacy Needed in the Senate

Last week, the House of Representatives voted overwhelmingly (357-70) to pass The Tax Relief for American Families and Workers Act of 2024 (H.R. 7024).

IRS

IRS Provides Guidance on Returned Disaster Housing Credit Authority 

The Internal Revenue Service (IRS) published Revenue Ruling 2024-5, which provides guidance on the treatment of returned disaster Housing Credits for the 11 states and Puerto Rico that received disaster credit authority in the Taxpayer Certainty and Disaster Tax Relief Act of 2020.

General News

Merritt Scholars Application Due April 15

Merritt Scholars is a scholarship program through Merritt Community Capital Corporation to attract young professionals into the affordable housing field.

SAHF’s Carbon Roadmap Updates Includes New Features to Support Decarbonization Implementation

Stewards of Affordable Housing for the Future (SAHF) updated its Multifamily Portfolio Carbon Emissions Roadmap, which allows portfolio owners to create action plans to reduce their annual greenhouse gas (GHG) emissions in CO2 equivalent.  

General News

Apply for HAND Housing Achievement Awards by March 8

The Housing Association of Non-Profit Developers (HAND) will host its Housing Achievement Awards at the organization’s 33rd Annual HAND Honors, taking place on June 13 at 6 p.m. ET at The Kennedy Center.

QAP Louisiana

Louisiana Releases 2025 Draft QAP

The Louisiana Housing Corporation (LHC) released its 2025 Draft QAP for public comment through February 28.

QAP Tennessee

Tennessee Announces Updates to 2024 Program Cycles

The Tennessee Housing Development Agency Multifamily programs staff announced updates regarding the 2024 Program Cycles.

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