News

A public hearing will be conducted concerning the Connecticut Housing Finance Authority’s intent to adopt amendments to its 2012 Qualified Allocation Plan (QAP) and Low-Income Housing Tax Credit Procedures(LIHTC) for the administration of the Federal Low-Income Housing Tax Credit Program.

The Louisiana Housing Finance Agency (LHFA) has released a draft version of its proposed Qualified Allocation Plan (QAP) and selection criteria for the 2013 LIHTC allocation round.

The New York State Division for Historic Preservation recently announced a new organizational structure and several related staffing changes to better integrate historic preservation services.

Shaun Donovan, Secretary of HUD, and Carol Galante, the Acting FHA Commissioner of HUD, recently issued a memo urging owners of HUD-assisted properties to develop policies and procedures that allow ex-offenders to reunite with families that currently reside at their properties.

HUD has announced Mark B. Van Kirk as the new Director of the Office of Asset Management.

On March 6, 2012, the House Financial Services Committee held a markup on its Views and Estimates of President Obama’s fiscal year 2013 budget.

Senator Chuck Grassley (R-IA), along with a bi-partisan group of U.S. Senators, introduced the American Energy and Job Promotion Act (S. 2201) which would amend the Internal Revenue Code of 1986 to extend the wind energy production tax credit (PTC) for two years.

The Ohio Housing Finance Agency’s (OHFA) recently announced the launch of a collaborative study with USDA RD, HUD and The Ohio State University’s College of Public Health to examine the impact of a proposed policy change to reduce the frequency of physical inspections for affordable housing units receiving multiple funding sources.

A public hearing will be held at 1:30 pm on Thursday, March 29, 2012, at the New Hampshire Housing Finance Authority (NHHFA), 32 Constitution Drive, Bedford NH, in order to receive comments on the draft 2013 Qualified Allocation Plan (QAP) for the Low Income Housing Tax Credit Program (LIHTC) and the HOME Rental Housing Production Program Rules.

The Minnesota Housing Finance Agency (MHFA) has begun its formal review and revision process for the 2013 Qualified Allocation Plan, and recently released a summary of proposed changes. MHFA’s Board will review the final QAP and procedural manual revisions at its March 22 meeting.

The IRS issued a notice in the Federal Register that it will hold a hearing on a proposed rule regarding the definition of an “interest in a limited partnership as a limited partner” for purposes of determining whether a taxpayer materially participates in an activity under Section 469 of the Internal Revenue Code.

On March 13, the United States Senate voted on several remaining amendments to the Moving Ahead for Progress in the 21st Century, or the MAP-21 Act (S. 1813).