News

NH&RA News

Interactive Tools Predict Impact of Housing Development, Policies

Terner Center for Housing Innovation created the Housing Development Dashboard, an interactive set of tools that aims to create a way to easily understand the interaction of land use measures and market conditions on housing production. The tools are currently in βeta testing.

HUD

GAO Examines Capital Advances for Section 202, 811 Programs

The report provides a comprehensive accounting of the number and amounts received by each state from 2008 to 2013, but does not make any recommendations.

General News

Senators Introduce Legislation to Increase LIHTC Authority

Senator Maria Cantwell (D-WA) introduced legislation calling for a 50 percent increase in Housing Credit authority and other changes to strengthen the Credit program. She has also released an accompanying report on the Housing Credit’s impact.

Alaska

Alaska Opens 2016 Round Affordable Housing Program

The Alaska Housing Finance Corporation has opened its 2016 round for the Competitive Affordable Housing Program (AHP). The AHP can provide up to $500,000 in funding towards affordable housing projects.

congress-capitol

Senate Escapes Rider to Pass HUD Spending Bill, Pressuring House to Follow Suit

While it is far from perfect in the eyes of affordable housing advocates, it would expand several key programs and is seen as a tepid victory in the current spending climate.

Maryland

Maryland: National Housing Trust Fund Allocation Plan Process Begins

The Maryland Department of Housing and Community Development is holding public hearings regarding the Allocation Plan for the National Housing Trust Fund.

General News

NTCIC Hosts Historic Tax Credit Lobby Day June 8th

NTCIC seeks participants for June 8th lobby day in favor of the Federal Historic Tax Credit and additional efforts to expand support for the Historic Tax Credit Improvement Act.

IRS

New IRS Guidance for “Begun Construction” Test for Renewable Energy Tax Credits

Nixon Peabody’s Forrest Milder explains new guidance for wind, geothermal, biomass, solid waste, and hydro projects, including new safe harbor and disaggregation rules.

HUD

HUD Will Resume Conducting MORs on a Limited Basis

MORs property inspections will be conducted by the 42 existing Project-Based Contract Administrators as part of their amended interim contracts with HUD, mostly likely starting on a limited number of properties.

HUD

HUD Makes First National Housing Trust Fund Allocations to States

For the first time ever, HUD allocated nearly $174 million through the nation’s Housing Trust Fund. By law, each state is allocated a minimum of $3 million.

congress-capitol

Cantwell Seeks Personal Stories to Strengthen Case for LIHTC Expansion

In an attempt to strengthen the LIHTC program through federal legislation, Senator Cantwell is seeking personal stories of individuals and families who have struggled to find affordable housing and/or have experienced homelessness. NH&RA encourages our members who own and manage affordable housing properties to share this opportunity with their tenants.

HUD

HUD Issues Criteria States Must Use to Select HTF Recipients

If the State plans to select applications submitted by eligible recipients, the HTF allocation plan must include the application requirements and the criteria for the selection of applicants to meet the specified required funding priorities.

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