News

MaineHousing will hold a public hearing of the Draft 2014 Qualified Allocation Plan at 9:30 AM on Tuesday, June 18, 2013.

HUD recently released the FY2013 NOFA for Choice Neighborhoods Implementation Grants on the Grants.gov website. HUD will make approximately $109 million in grants to revitalize public and HUD-assisted housing and transform communities. Individual grant awards may be for up to a maximum of $30,000,000.

NMTC/NAA recently launched a new interactive website and calculator that allows users to interact with data from 50 states and twelve metropolitan areas. The report is part of an educational campaign called “We Are Apartments” which is to show what apartments mean to people and communities across the U.S.

The National Housing Conference and California Housing Partnership have published a new guide titled “Veterans Permanent Supportive Housing: Policy and Practice”.

The Texas Legislature this week approved H.B. 500, a measure which would create a tax credit for certified rehabilitation of certified historic structures.

The Community Development Financial Institutions Fund has released additional guidance regarding Treasury Decision (TD) 9600 issued by the Internal Revenue Service on September 28, 2012. The TD 9600 Frequently Asked Questions (FAQ) document covers programmatic and reporting changes to the New Markets Tax Credit Program regarding small business investments necessitated by the revised regulations. The guidance addresses the following questions…

The National Council of Housing Market Analysts (NCHMA), a professional association of real estate market analysts and appraisers, has announced a new version of the organization’s Model Content Standards for Rental Housing Market Studies and Market Study Index. These documents contain recommended guidelines for the content of market studies prepared by market analysts on proposed new construction or substantial rehabilitation of multifamily housing projects.

The House of Representatives Appropriations Committee recently approved FY 2014 spending caps, known as 302(b) allocations, for its 12 individual appropriations Subcommittees, including the Transportation-HUD (T-HUD) and Agriculture-Rural Development Subcommittees.

Representative David McKinley (R-WV) recently introduced a bill entitled Preserving America’s Downtown and Heritage Act of 2013 (HR 2042) which would increase the rehabilitation credit for commercial buildings and provide a rehabilitation credit for principal residences.

NH&RA member firm, CohnReznick recently released a report examining the relationship between low-income housing tax credit (LIHTC) pricing and banks that invest in certain geographies in order to meet certain conditions under the Community Reinvestment Act (CRA) of 1977.

A bipartisan coalition of U.S. lawmakers recently introduced the Hurricane Sandy Tax Relief Act of 2013 (H.R.2137) to provide tax relief for victims of Hurricane Sandy in areas designated as federal disaster areas by the president.

The taxpayer in the Historic Boardwalk Hall (HBH) vs. Commissioner case recently filed a petition for a Writ of Certiorari in the U.S. Supreme Court seeking reversal in the U.S. Third Circuit Court’s opinion.