News
Texas Submits QAP Remedial Plan to Federal Court
The Texas Department of Housing and Community Affairs (TDHCA) has submitted a remedial plan to address the recent Fair Housing Act (FHA) violations which were brought against the agency earlier this year by Inclusive Communities Project, Inc.
Ohio Releases Draft 2013 QAP and Public Hearing Schedule, Discussion Topics
The Ohio Housing Finance Agency (OHFA) released the draft 2013 Qualified Allocation Plan (QAP) and a notice that the agency will hold a public hearing to go over proposed additions to the QAP on Wednesday, June 13 at 1:00 pm at the OHFA offices in Columbus.
HUD to Host Webinars on New HOME Program Requirements
HUD recently issued CPD Notice 12-007 which laid out new HOME program requirements which were mandated by the HUD Appropriations Act of 2012.
U.S. Housing Market Conditions: 1st Quarter 2012
HUD has released its U.S. Housing Market Conditions report for the first quarter of 2012. The quarterly report is a compilation of statistical data and written reports.
Missouri Releases Draft 2013 QAP, Schedules Public Hearings
The Missouri Housing Development Commission (MHDC) has released a draft version of its 2013 Qualified Allocation Plan.
Ohio Schedules Focus Group Meetings on Gap Financing
The Ohio Housing Finance Agency (OHFA) has begun drafting the 2013 Housing Development Gap Financing (HDGF) Guidelines, and has scheduled a Focus Group to solicit input from interested stakeholders.
Rhode Island Organization Finds Reinstating HTC Would Stimulate Jobs, Economy
The Rhode Island Public Expenditure Council (RIPEC) released a report on the costs and benefits of reinstating the Rhode Island Historic Preservation Investment Tax Credit (HPITC) program.
HUD Notice Detailing Rent to Owners for Projects under HCV Program
HUD recently released Notice PIH 2012-24 to provide guidance to Public Housing Authorities (PHAs) in determining the rent to owner for an HCV tenancy when the participant family chooses to lease a unit under the HCV program.
IRS Solicits Comments on Arbitrage Restrictions for Tax-Exempt Bonds
The IRS published a notice in the Federal Register soliciting comments regarding arbitrage restrictions on tax-exempt bonds.
Texas Solicits Feedback from HUD Financing Recipients
In an effort to improve its outreach, training, and compliance with HUD’s rules, the Texas Department of Housing and Community Affairs (TDHCA) is soliciting information from affordable housing developers and HUD-funding recipients about their understanding of regulations and requirements governing housing program contract awards involving federal funding.
HUD Publishes Revised Requirements for PCNAs
The U.S. Department of Housing and Urban Development (HUD) has published a draft Mortgagee Letter with revised requirements for Project Capital Needs Assessment (PCNA), Estimated Reserves for Replacements and Remedies for Accessibility Deficiencies.
Alabama Sends NMTC Legislation to Governor
On May 9, Alabama’s state legislature sent the proposed Alabama New Markets Development Act (HB257) to Governor Wallace’s office for approval. The bill is informed by the Federal New Markets Tax Credit and much of the language and general structure mirrors key concepts and precedent in Section 45D of the IRS Code of 1986; however, there are several notable differences.