News

The National Park Service (NPS) recently released a Notice in the Federal Register announcing that the agency is revising the fees it charges for reviewing Historic Preservation Certification Applications, which have not changed since 1984 and currently do not cover the costs for administering the program.

HUD recently released income limits for fiscal year (FY) 2013 which are used to determine the eligibility of applicants for HUD’s assisted housing programs, including the Public Housing program, the Section 8 Housing Choice Voucher program, Section 202 housing for the elderly program, and Section 811 housing for persons with disabilities program.

NH&RA was pleased to welcome over 200 industry professionals to our 2012 Fall Developers Forum. All conference materials including Power Point presentations, reports, memos and articles from the conference are available for download.

The Virginia Housing Development Authority (VHDA) is seeking submissions from individuals who wish to be included on its Experienced LIHTC Developer list. This list is used during the LIHTC application review process to help determine point allocations in the Developer Experience category.

The Texas Department of Housing & Community Affairs has released its final version of its 2013 Qualified Allocation Plan (QAP) and Uniform Multifamily Rules as approved by the Governor.

The North Carolina Housing Finance Agency has published the final version of its 2013 Qualified Allocation Plan (QAP) for the allocation of federal Low-Income Housing Tax Credits (LIHTCs).

HUD has released its Third Quarter 2012 U.S. Housing Market Conditions which indicates that housing indicators for the third quarter of 2012 continue to portray a fragile, but steady, recovery in the housing market.

The New Markets Tax Credit Coalition recently released the New Markets Tax Credit Economic Report for 2003 to 2012 entitled “Measuring the Direct and Catalytic Impact of New Markets Tax Credit Investments in Low Income Communities”.

The Internal Revenue Service (IRS) recently revolved a previous Private Letter Ruling (PLR) 201214007 which indicated that power purchase agreements (PPAs) are excluded from the purchase price allocation on wind transactions.

The Government Accountability Office (GAO) recently released a report entitled “Low-Income Housing Tax Credits: Agencies Implemented Changes Enacted in 2008, but Project Data Collection Could Be Improved” which examines the implementation of changes to the Low-Income Housing Tax Credit (LIHTC) program which occurred under the Housing and Economic Recovery Act (HERA) of 2008.

The Ohio Senate recently passed Senate Bill (SB) 327, which was originally introduced in April 2012. The bill would extend the state’s New Markets Tax Credit program and raise the tax credit cap from $10 million to $50 million.

An Unnumbered Letter from the US Department of Agriculture (USDA) Office of Rural Development (RD) provides guidance and instructs USDA staff on reconciling procedural differences between the Section 538 Guaranteed Rural Rental Housing and Section 515 Rural Rental Housing Loan programs.