News

HUD Secretary Shaun Donovan recently sent a letter to the Senate Committee on Appropriations Chari Barbara Mikulski (D-MD) about the effects sequestration could have on the families, individuals and communities that rely on HUD programs.

The Maryland Department of Housing and Community Development (DHCD) recently released its proposed CY 2013 Qualified Allocation Plan (QAP) and Multifamily Rental Financing Program Guide drafts for public comment and review. The CY 2013 funding round will award 2014 federal Low-Income Housing Tax Credits (LIHTCs) and FY 2014 Rental Housing Funds (RHF).

The California Tax Credit Allocation Committee has posted its 2013 applications for its 2013 9% Competitive Tax Credit Application, 2013 4% Competitive Tax-Exempt Bond Application Combining Federal and State Tax Credits and 2013 4% Tax-Exempt Bond Application. The committee has also posted numerous attachments including…

The California Tax Credit Allocation Committee (CTCAC) recently released the Sustainable Building Method and Minimum Construction Standards for Energy Efficiency.

HUD has issued a final rule (Docket No. FR”“5508″“F”“02) regarding disparate impact liability under the Fair Housing Act. The final rule formalize HUD’s recognition of disparate impact liability and, for purposes of providing consistency nationwide, formalizes a burden-shifting test for determining whether a given practice has an unjustified discriminatory effect, leading to liability under the Fair Housing Act.

Indiana State Senators Randall Head (R-District 18) and John Broden (D-District 10) recently introduced and co-sponsored the Indiana New Markets Job Act, (SB 521), which would create a state New Markets Tax Credit (NMTC) program similar to the federal NMTC.

HUD recently issued Housing Notice 2013-05 to detail recent changes regarding processing of Federal Housing Administration (FHA) multifamily mortgage insurance applications for transactions in New York and New Jersey, the communities hardest hit by Hurricane Sandy.

The Washington State Housing Finance Commission will hold a public hearing on February 28th in order to discuss the allocation of federal low-income housing tax credits to sponsor multifamily residential projects.

The Kentucky Housing Corporation (KHC) has released the draft 2014 Qualified Allocation Plan (QAP0 and draft scoring criteria.

The Alabama Housing Finance Authority (AHFA) has announced that applications for Low-income Housing Tax Credits and HOME Investment Partnership Funds are now available.

Internal Revenue Service (IRS) recently announced that certain government entity issuers of tax-exempt bonds affected by Hurricane Sandy may qualify for extended time to file certain returns related to tax-exempt bonds, qualified tax credit bonds, and specified tax credit bonds.

The Affordable Housing Tax Credit Coalition (AHTCC) is accepting entries and nominations for the 19th Annual Charles L. Edson Tax Credit Excellence Awards program, which honor some of the best projects in affordable rental housing development.