News

The California Tax Credit Allocation Committee has issued new guidance clarifying how land and existing improvement values will be considered in underwriting and competitive scoring. The guidance is applicable to all competitive applications.

State Legislation to expand access to affordable housing for New Jersey veterans was signed into law on Monday by Governor Chris Christie.

President Obama singed the Disaster Relief Appropriations Act of 2013 (H.R. 152) on January 29. H.R. 152, which passed the U.S. House of Representatives by a measure of 241-180 and the Senate by a margin of 62-36, was originally sponsored by House Committee on Appropriations Chairman Hal Rogers (R-KY) and will provide an additional $50.5 billion for recovery and rebuilding activities for regions impacted by Hurricane Sandy.

innesota Housing has released a draft of its 2014-2015 qualified allocation plan for public comment.

HUD has issued a set of draft documents for public comment for its Rental Assistance Demonstration (RAD) Program.

Registration is now open for HUD’s Green Academy, a pilot initiative that will offer green building training to HUD grantees and other affordable housing organizations.

New York Governor Andrew M. Cuomo in the 2013-2014 state executive budget and management plan proposed a five year extension to the state’s Historic Commercial Properties Rehabilitation tax credit program. The extension would provide assurance to developers who are rehabilitating historic commercial property, or are considering doing so, by extending the existing $5 million per project tax credit and would make the credit refundable beginning in tax year 2015.

The Alaska Industrial Development and Export Authority is seeking comments on its proposed regulations to establish its New Markets Tax Credit Assistance Guarantee and Loan Program.

Oregon Housing and Community Services will hold a partner work session on February 1 (10:30 to 1:00 pm PST) at its offices for a group discussion on issues related to guidelines for new multifamily funding.

On Wednesday, January 23, 2013 the California Tax Credit Allocation Committee (TCAC) adopted 2013 regulation changes as recommended by TCAC staff in its January 10 Final Statement of Reasons.

The California Tax Credit Allocation Committee will host 13 LIHTC compliance monitoring workshops across the state in 2013. Five workshops will be focused on Advance Compliance issues, five workshops focused on Basic Compliance issues, and 3 Intensive Workshops that combine elements from both the Basic and Advanced workshops.

The Public and Affordable Housing Research Corporation (PAHRC) and the National Low Income Housing Coalition (NLIHC) recently released the National Housing Preservation Database, which was created in an effort to provide communities with the information they need to effectively preserve their stock of public and affordable housing.