News

The Furman Center for Real Estate and Urban Policy at New York University (NYU), has released the preliminary results of its analysis of the incomes, rent burdens, and economic diversity of tenants residing in LIHTC developments.

Due to the widespread devastation caused by Hurricane Sandy, the President has declared that major disasters exist in Connecticut, New York and New Jersey. In a press release on November 5, the Internal Revenue Service (IRS) announced that the agency will waive certain low-income housing tax credit (LIHTC) rules in order to allow owners of low-income housing to provide temporary shelter to victims of Hurricane Sandy who do not qualify as low-income.

The Community Development Financial Institutions (CDFI) Fund has announced it will consider extending the October 31 qualified equity investment (QEI) issuance deadline for new markets tax credit (NMTC) applicants that have been directly affected by Hurricane Sandy.

HUD released a new memo on October 26, 2012 pertaining to the due dates for closing mixed-finance transactions.

UPDATE: Due to the recent inclement weather, OHFA cancelled the two training sessions originally scheduled for October 30, 2012.

In an October 24 memo, the California Tax Credit Allocation Committee (CTCAC) announced a complete listing of its proposed regulation changes and program schedule for 2013.

The Pennsylvania Housing Finance Agency has extended application deadline for the first cycle of Low Income Housing Tax Credit allocations through Wednesday, November 7, 2012 at 3:00pm.

The North Carolina Housing Finance Agency has released a second draft of its 2013 Qualified Allocation Plan. The draft includes several changes from the first draft of the QAP.

The Mississippi Home Corporation (MHC) released an executive summary of proposed changes for its 2013 Qualified Allocation Plan following an October 25 public hearing.

The Advisory Council on Historic Preservation (ACHP) will meet Thursday, November 15, 2012. The meeting will be held in the Room SR325 at the Russell Senate Office Building at Constitution and Delaware Avenues NE., Washington, DC at 8:30 a.m. The ACHP was established by the National Historic Preservation Act of 1966 (16 U.S.C. 470 et seq.) to advise the President and Congress on national historic preservation policy and to comment upon federal, federally assisted, and federally licensed undertakings having an effect upon properties listed in or eligible for inclusion in the National Register of Historic Places.

The Advisory Council on Historic Preservation (ACHP) will meet Thursday, November 15, 2012. The meeting will be held in the Room SR325 at the Russell Senate Office Building at Constitution and Delaware Avenues NE., Washington, DC at 8:30 a.m.

HUD recently released the 2011 American Housing Survey (AHS) data, summary data tables and a public use file. The AHS is the largest regular national housing sample survey in the United States and provides a comprehensive analysis of the characteristics of U.S. housing units and occupants.