News

U.S. Senator Roy Blunt (R-MO) introduced legislation to make the New Markets Tax Credit (NMTC) program permanent, provide an annual allocation of credits indexed to inflation, and exempt NMTC investments from the Alternative Minimum Tax.

Affordable Housing Finance released its list of the top affordable housing lenders for 2014. Seventeen NH&RA members were included on the list, with Citi Community Capital in the #1 spot for the sixth year in a row.

The Urban Land Institute (ULI) is seeking submissions for The Jack Kemp Excellence in Affordable and Workforce Housing Awards and The Robert C. Larson Housing Policy Leadership Awards.

The National Park Service (NPS) released its Federal Tax Incentives for Rehabilitating Historic Buildings Annual Report for Fiscal Year 2014 and a supplementary Statistical Report and Analysis for Fiscal Year 2014.

U.S. Representatives Pat Tiberi (R-OH) and Richard Neal (D-MA) introduced legislation to make permanent the temporary minimum credit rate for the low-income housing tax credit program (LIHTC). The bill proposes to set the minimum LITHC rate for new construction at 9% and set it at 4% for existing properties.

A new online resource will provide housing industry participants practical information on building and improving housing that serves broader community needs, such as public health, economic development, and education. How Housing Matters is a product of collaboration between the Urban Land Institute and John D. and Catherine T. MacArthur Foundation.

HUD announced a series of clarifications that are effective immediately and will be reflected in a revised Multifamily Accelerated Processing (MAP) Guide. They focus on equal pay-in, bridge loans, identity of interest, subordinate debt, vacancy rates, and developer fees.

The article below points out how the utilities are fighting the solar industry by increasing their demand charges to compensate for customers generating their own power from solar. As some states and utilities define the rules of the game other states will follow suit. It also mentions how the regulations being in a state of […]

HUD recently published a notice in the Federal Register to announce the fiscal year (FY) 2015 Annual Adjustment Factors (AAFs).

Representatives Pat Tiberi (R-OH), Richard Neal (D-MA) and Tom Reed (R-NY) introduced a bill to permanently extend the New Markets Tax Credit (NMTC) program.

HUD recently released an interim rule to govern the implementation of the Housing Trust Fund, including establishing the regulations that will govern the funds and the formula that will determine how funds are distributed.

Boston Capital is investing in the rehabilitation of San Diego Square, a 156-unit development for seniors located in downtown San Diego, CA. The development will be rehabilitated with tax credit equity from the Low Income Housing Tax Credit (LIHTC) program. Boston Capital’s investment in the development adds 156 units of affordable housing to its apartment portfolio. To date, Boston Capital has invested in more than 13,200 units of affordable housing in California.