News

A recently introduced bill (H. R. 3939) in the U.S. House of Representatives would amend certain provisions of the Internal Revenue Code, including a permanent extension of the New Markets Tax Credit (NMTC) program, in order to stimulate economic investment and create jobs…

Last week, California Tax Credit Allocation Committee (TCAC) released the final proposed changes to the 2014 California Qualified Allocation Plan (QAP).

Community Development Financial Institutions Fund (CDFI Fund) released a notice in the Federal Register soliciting comments concerning the New Markets Tax Credit (NMTC) Program Allocation Application.

The Ohio Housing Finance Agency (OHFA) released the final draft 2014 Qualified Allocation Plan (QAP).

For over 20 years, The City of Chicago Department of Housing and Economic Development (HED) releases a five-year Qualified Allocation Plan (QAP) for Chicago and this year the 2014-2018 plan will be approved….

The Illinois Housing Development Agency (IHDA) released the 2014 Final Illinois QAP.

The Michigan State Historic Preservation Office is in the process of developing the state’s next five-year historic preservation plan.

Historic preservation transactions in Wisconsin received a great boost when Wisconsin Governor Scott Walker last month signed Assembly Bill (AB) 4 into law, which allows for an increase in the amount tax credits for the substantial rehabilitation of historic buildings.

As many of the Section 236 mortgages in HUD’s portfolio reach maturity within the next few years, the agency has begun reaching out to owners to try to discourage them from opting out of the program at the mortgage maturity date. HUD believes that opting out of the program would entice owners to significantly raise rents at these 236 properties, impacting many low-income tenants who currently reside there.

Jolene Kline was recently Appointed Executive Director of North Dakota Housing Finance Agency (NDHFA). Jolene has served as the interim executive director since the retirement of Mike Anderson in May. She has been with NDHFA since 19and was in 2006 was selected as the first director of NDHFA’s planning and housing development division, which is charged with helping communities address housing shortages and unmet needs.

Texas Department of Housing and Community Affairs (TDHCA) released the Draft 2014 State of Texas’ Low Income Housing Plan and Annual Report which serves as a comprehensive reference on statewide housing needs, housing resources, and strategies for funding allocations.

Massachusetts Department of Housing & Community Development (DHDC) released the 2014 Draft QAP.