News

The Maryland Department of Housing and Community Development has released their second draft of the proposed 2013 Qualified Allocation Plan (QAP).

The Kentucky Housing Corporation has released the final 2014 Qualified Allocation Plan and draft scoring criteria.

The Internal Revenue Service (IRS) yesterday released Notice 2012-39 to provide guidelines and a safe harbor to determine when construction has begun on a facility eligible to receive the renewable electricity production tax credit (PTC) or the energy investment tax credit (ITC).

The Wisconsin Housing and Economic Development Authority (WHEDA) has announced that it will be hosting two informational sessions about the policy goals, application guidelines, and selection process for their new LIHTC & High Impact Project Reserve (HIPR) program.

The New Jersey Housing and Mortgage Finance Agency has announced the deadline to submit applications for the 9% Tax Credit round.

HUD’s FHA Commissioner, Carol Galante, recently released a statement on President Obama’s FY 2014 HUD budget request. According to Galante, “the President’s budget demonstrates how we can invest in the things we need to grow our economy, create jobs and strengthen the middle class while further reducing the deficit in a balanced way.”

The U.S. Census Bureau recently released a report entitled “Rental Housing Market Condition Measures: A Comparison of US Metropolitan Areas” which details rental data collected via the American Community Survey (ACS) between 2009 and 2011.

Senators Charles Schumer (D-NY) and Robert Menendez (D-NJ) recently announced they are set to introduce the Hurricane Sandy and National Disaster Tax Relief Act of 2012. In addition, the Obama Administration recently sent a $60.4 billion supplemental spending request to Congress that details means for responding to Hurricane Sandy.

The US Senate recently confirmed Sally Jewell, the former CEO of Recreational Equipment, Inc. (REI), a sporting goods store, as Secretary of the Department of Interior (DOI) by a vote of 87-11.

Affordable Housing Finance recently released their list of the top developers of 2012, and several NH&RA members made the cut.

The NH&RA Advocacy Archive was created to provide a one-stop-shop for NH&RA members who are interested in advocating to elected officials to support key affordable housing and tax credit programs. We have collected a variety of documents, reports, templates and best practices that should be helpful in this effort. Please note this is a work in progress–check back often as we add additional resources.

Conference materials are now available for the 2013 NCHMA Multifamily Housing Exchange and NH&RA’s New Markets Tax Credit Symposium, which took place in Washington, DC April 2-4.