News

HUD released a new Section 8 Renewal Policy Guide containing comprehensive guidance for renewing expiring Section 8 Housing Assistance Payment (HAP) contracts. The guide includes some policy changes, which will be effective for all renewal or amend rent packages received by the Department after November 5, 2015.

Preservation Action announced it has retained Russ Carnahan and Debra Carnahan to lead the national non-profit advocacy group that focuses on strengthening historic preservation programs in Washington and around the country.

The Internal Revenue Service updated the Audit Technique Guide (ATG) for the low-income housing tax credit program. IRS examiners use this guide to audit LIHTC property owners.

Nancie-Ann Bodell has been selected to permanently lead the Department of Housing and Urban Development Office of Asset Management and Portfolio Oversight (OAMPO). Nancie-Ann has spent more than 25 years in the Office of Multifamily Housing at HUD.

HUD released two new files to assist public housing authorities to calculate and access the public housing subsidy that will be available to properties converted under the Rental Assistance Demonstration (RAD) program.

Key housing programs are in serious jeopardy. Your elected officials will soon be back in your district for August recess and there’s no better time to reach out and show them the importance of the programs that support the development of affordable housing.

In cooperation with the utility companies (ComEd, NICOR, North Shore Gas, Peoples Gas), CIC-Energy Savers will soon offer loans for energy retrofits of multifamily (5 to 50 units) properties which can be repaid as an additional item on a utility bill. Download

ENERGY SAVERS helps lower operating costs of apartment buildings by reducing energy usage. FINANCING Energy Savers loans are secured with a second mortgage lien. The first mortgage lender must allow the Energy Savers subordinate loan to be secured with a subordinate mortgage. The property must be: 1. An apartment building with at least five (5) […]

A report from the Government Accountability Office suggests that a joint administration between the IRS and the Department of Housing and Urban Development (HUD) would benefit the Low-Income Housing Tax Credit Program.

A report from the Senate Finance Committee Community Development & Infrastructure Bipartisan Tax Working Group estimated expenditures for the historic tax credit, low-income housing tax credit, and new markets tax credit for fiscal years 2014-2018. The report is meant to inform the committee’s discussions on tax reform. The report did not make any recommendations regarding the tax credit programs.

The Obama Administration announced a new solar initiative to increase access to solar energy, including low- and moderate- income communities, and expand opportunities join the solar workforce. Among several key components, the initiative aims to install 300 megawatts of renewable energy in federally-subsidized housing.

Boston Capital is investing in the rehabilitation of Court Street Veterans Housing, a 97-unit apartment community serving formerly homeless and at-risk veterans in Boston, Massachusetts. Court Street Veterans Housing will be rehabilitated in part with tax credit equity from the Low Income Housing Tax Credit (LIHTC) program.