News

The Arizona Department of Housing (ADOH) is considering making roughly $5 million in State Housing Fund resources available to developers to be used specifically for rental development.

NH&RA member firm, Novogradac & Company, recently released a mapping tool that shows the total number and locations of New Markets Tax Credits (NMTC) qualified low-income community investments (QLICIs) in each U.S. state and territory.

A new report conducted by the New Markets Tax Credit Coalition finds that the New Markets Tax Credit (NMTC) has spurred private investment in economically distressed communities to finance a wide range of businesses, create jobs, and jump start local economies.

The House Financial Services Subcommittee on Insurance, Housing and Community Opportunity on Thursday June 7 held a hearing on strengthening the Federal Housing Administration’s (FHA) affordable multifamily insurance programs.

The Texas Department of Housing and Community Affairs (TDHCA) will host a roundtable discussion on Friday, June 15, 2012 from 9:00 am to 1:00 pm to solicit feedback regarding possible changes to the 2013 Qualified Allocation Plan (QAP), HOME, Multifamily Revenue Bonds, NSP and General rules.

The Massachusetts Department of Revenue (DOR) has released the first-ever Massachusetts Tax Credit Transparency Report.

The California Tax Credit Allocation Committee (CTCAC) recently issued a memo providing additional clarifying guidance for prospective second round applicants.

This summer, HUD will be issuing new requirements that will synchronize Physical Needs Assessments and Energy Audit into the Green Physical Needs Assessment (GPNA), and will require measuring the cost effectiveness of energy conservation measures.

HUD’s Economic and Market Analysis Division regularly publishes Comprehensive Housing Market Analysis reports for regions across the country.

HUD’s Sustainable Communities Resource Center has developed a matrix to measure the Savings of Green Building Technologies. The matrix highlights 10 proven and affordable green building technologies organized into four categories: Building Envelope, HVAC, Management and Use, and Water.

California Senate President Pro Tempore Darrell Steinberg (D-Sacramento) and Senator Mark DeSaulnier (D-Concord) recently introduced legislation in the California State Senate that would create a permanent funding source for California’s Housing Trust Fund, which has not had a permanent funding source since the fund’s passage in 1985.

U.S. Senator Kirsten Gillibrand (D-NY) recently introduced the Irene and Lee Tax Relief Storm Recovery Act (S. 3243) which would expand access to the LIHTC and provide affordable housing to families who lost their homes due to destruction caused by Hurricane Irene and Tropical Storm Lee.