News

The Kentucky Housing Corporation (KHC) has revised the 2013 Rental Guidelines to include information for its upcoming Non-Housing Credit application round. This round of applications will be for the HOME Investment Partnerships program, the Affordable Housing Trust Fund, the Small Multifamily Affordable Loan program, and a new set-aside for the Affordable Housing Trust Fund for transitional housing projects.

The Maryland Department of Housing and Community Development (MDHCD) and TDA Consulting, Inc., the consultant for revisions to the Maryland LIHTC QAP, will be hosting a Listening Session on August 24, 2012 from 10:00am- 1:00pm at MDHCD’s office

On September 5, 2012 the Indiana Housing and Community Development Authority will host its 2013 QAP Forum in Indianapolis.

HUD’s Office of Public and Indian Housing (PIH) recently published the final implementation notice, Notice PIH 2012-32, for its Rental Assistance Demonstration (RAD) program. RAD was authorized in the 2012 HUD appropriations bill, H.R. 2112.

The Internal Revenue Service (IRS) recently released notice REG-136491-09 which proposes to amend LIHTC utility allowance regulations.

HUD recently released its proposed fair market rents (FMRs) for FY 2013. FMRs are used to determine payment standards for the Housing Choice Voucher (HCV) program, to determine initial renewal rents for some expiring project-based Section 8 contracts, etc.

NH&RA is pleased to offer the Power Point presentations, relevant articles, reports, memos, etc. from our recent 2012 Summer Institute and New Markets Tax Credit Symposium, which was held July 25-28, 2012 at the Harbor View Hotel on Martha’s Vineyard in Massachusetts.

The Ohio Housing Finance Agency (OHFA) will host an architectural technical roundtable to gather comments and suggestions related to Expected Useful Life standards.

The Community Development Financial Institutions (CDFI) Fund announced today that the 2012 New Markets Tax Credit (NMTC) allocation round has opened; this is the tenth award round of the program. The CDFI Fund will make up to $5 billion in tax credits available, pending Congressional authorization.

U.S. Representatives Mike Turner (R-OH) and Russ Carnahan (D-MO), recently introduced the Rehabilitation of Historic Schools Act (HR 6151) which would amend the Internal Revenue Code of 1986 to allow the federal Historic Tax Credit (HTC) to be used to renovate older public schools.

On July 18, the Ohio Housing Finance Agency (OHFA) Board approved the final draft of the 2013 QAP. The changes made from the 2012 QAP were meant to improve clarity throughout the document, create a more transparent scoring process and integrate external suggestions to avoid unintended consequences.

The Ohio Housing Finance Agency (OHFA) is seeking public comment on its 2012-2013 Multifamily Bond Gap Financing Guidelines draft. Notably, the guidelines have been updated to include a competitive selection process.