News

The U.S. House of Representatives Ways and Means Committee has released its latest edition of the “Green Book”, which contains detailed information about key health, welfare, retirement, and related programs under the jurisdiction of the Committee along with current data on these programs, the populations they serve, and historical information relating to each program.

The Internal Revenue Service (IRS) has released Notice 2012-26 to modify Notice 2008-40 and Notice 2006-52, both of which relate to guidance on deductions for energy efficient commercial buildings.

The Government Accountability Office (GAO) recently released a report that identifies several tax expenditure programs that contribute to community development, several of which overlap with at least one other tax expenditure program in terms of the areas or activities funded.

Utah Governor Gary Herber recently signed into law H.B. 75, originally introduced by Utah State Representative Jack R. Draxler (R), which will make changes to property tax provisions related to low-income housing.

In response to the recent severe storms and tornadoes that touched down in March in Kentucky, the Kentucky Housing Corporation (KHC) has extended the application due date for the 2013 Low Income Housing Tax Credit funding round to allow developers additional time to submit applications to address the housing needs in the affected areas.

The Internal Revenue Service (IRS) has issued its 2012 population figures to be used in calculating state housing credit ceilings, volume caps and volume limits in 2012.

HUD recently published a proposed rule which would amend the agency’s regulations governing the Section 202 Supportive Housing for the Elderly Program and the Section 811 Supportive Housing for Persons with Disabilities Program.

The California State Assembly recently passed AB 1585, which would transfer balances in low- and moderate-income housing funds to local housing agencies to be spent for affordable housing.

HUD and the Department of Energy (DOE) will host a webinar on the Home Energy Score program on April 5, 2012 at 1:30 pm EST.

HUD’s Office of Policy Development & Research recently released its Quarterly Housing Market and Research Update, which includes a webcast panel discussion entitled, “Fair Housing Implications of LIHTC Property Placement.”

Last week, the Dallas Federal District Court ruled in favor of the plaintiff in a lawsuit that challenged the Texas Department of Housing and Community Affairs’ (TDHCA) allocation of low-income housing tax credits (LIHTCs) in the Dallas metropolitan area.

The Center for Budget and Policy Priorities (CBPP) recently released a report exploring the administration’s proposal to raise the minimum rent threshold for the lowest income Americans.