News

The Novogradac Journal of Tax Credits Historic Rehabilitation Awards honor outstanding achievements in the rehabilitation of historic properties by recognizing development teams for excellence in the creative use of the Historic Tax Credit.

NH&RA joined a letter to the three bank regulators (Office of the Comptroller of the Currency, Federal Deposit Insurance Corporation and Board of Governors of the Federal Reserve System) urging a lower risk for LIHTC properties under the capital rule amendments applicable to large banking organizations and banking organizations with significant trading activity, or Basel III Endgame.

The Florida Housing Finance Corporation (FHFC) Board of Directors meeting is scheduled for March 26.

Kentucky Housing Corporation (KHC) will host a second virtual developer forum from 2 to 4 p.m. ET on Tuesday, January 30 to solicit feedback for the development of the 2025-2026 Qualified Allocation Plan and scoring criteria.

New Hampshire’s House of Representatives introduced H.B. 1470, which would establish a committee to study the feasibility of a State LIHTC, which the state currently does not utilize.

The Connecticut Public Act 23-205 established the Housing Environmental Improvement Revolving Loan Fund (RLF).

Last week, the House Financial Services Committee held an Oversight Hearing with HUD Secretary Marcia Fudge. The meeting centered around the rise of housing supply, unaffordability, homelessness and the conditions of public housing.  

A new HUD notice sets an absolute annual cap of ten percent on income limit increases for housing financed by LIHTCs, private-activity bonds (PABs) and for various HUD programs, including Section 8.

House Ways and Means Committee Chairman Jason Smith (R-MO) and Senate Finance Committee Chairman Roy Wyden (D-OR) announced a tax agreement, which includes LIHTC provisions to restore the 12.5 percent increase for nine percent LIHTCs for 2023-2025 and lower the bond financed-by test to 30 percent for allocation made in 2024 and 2025.

Virginia Housing announced that the deadline to submit the Locality Notification Information (LNI) form for the January 4 percent application round is extended to January 11 at 12 p.m. ET.

HUD’s Office of Multifamily Housing Programs published a Housing Notice titled Green and Resilient Retrofit Program (GRRP) Supplemental – Notice A to add flexibility in both grant and supplemental loan funds, as well as other administrative changes, that will enhance owners’ and developers’ ability to leverage GRRP funds for energy efficiency and climate resilience upgrades and rehabilitation projects.

The RAD Collaborative recently released a special report that highlights some outcomes for properties and residents under the RAD program.