News

The Wyoming Community Development Authority (WCDA) will conduct a public hearing on September 20, 2013 at 2:00 pm to solicit comments for the 2014 Wyoming QAP.

The Connecticut Housing Finance Authority for an Overview Session for the 2013 competitive 9% Low-Income Housing Tax Credit round on September 16, 2013 from 9:00 am to 11:00 am.

HUD’s Office of Multifamily Housing recently published Notice H 2013-25 establishing updated procedures for the optional continuation of Interest Reduction Payment (IRP) assistance when projects assisted under Section 236 are refinanced.

The Internal Revenue Service (IRS) has released it latest LIHC Newsletter, which provides a forum for information about Section 42, the Low-Income Housing Tax Credit (LIHTC), and communicates technical knowledge and skills, guidance, and assistance for developing LIHTC properties.

HUD submitted a notice in the Federal Register requesting comments on technical processing requirements for multifamily project mortgage insurance.

The Department of Treasury’s Internal Revenue Service (IRS) recently invited public comments on carryover allocation documents, election statements, and binding agreements related to Low-Income Housing Tax Credit (LIHTC) and Section 42 utility allowance regulations.

The Community Development Financial Institutions (CDFI) Fund today invited public comment concerning the annual Community Investment Impact System (Annual CIIS Report) required from Community Development Financial Institutions (CDFIs) and Community Development Entities (CDEs) participating in CDFI Fund programs including the New Markets Tax Credit (NMTC) program.

Utah Governor Gary R. Herbert approved the 2014 Utah Qualified Allocation Plan (QAP) on August 20, 2013

New York State Homes and Community Renewal (HCR) announced the latest round of available Low-Income Housing Credit (LIHC), Housing Trust Fund (HTF), HOME Program (HOME) and State Low-Income Housing Tax Credit Program (SLIHC) funds, as well as the new Rural and Urban Community Investment Fund (CIF), available through the Unified Funding application process.

The Community Development Financial Institutions Fund (CDFI Fund) recently released the Notice of Allocation Availability (NOAA), which officially opens the 2013 round of competition under the New Markets Tax Credit Program (NMTC Program). Other updates include the release of the electronic application and revisions to the Application Q&A.

HUD recently released the final rule (24 CFR Part 891) in the Federal Register governing the use of funding for Section 202 Supportive Housing for the Elderly Program (Section 202) and the Section 811 Supportive Housing for Persons with Disabilities Program (Section 811) to streamline the requirements applicable to Section 202 and Section 811 mixed-finance developments.

President Obama’s Hurricane Sandy Rebuilding Task Force, chaired by HUD Secretary Shaun Donovan, recently released a rebuilding strategy to serve as a model for communities across the nation facing greater risks from extreme weather and to continue helping the Sandy-affected region rebuild.