News

Wisconsin’s Housing and Economic Development Authority (WHEDA) has announced a series of Low-Income Housing Tax Credit Workshops.

HUD has issued a notice extending the due date for the submission of public comments on the Rental Assistance Demonstration (RAD) Program until April 23, 2012.

A new data reporting tool, “State of the Cities Data Systems,” is now available through the HUD USER website.

Florida Governor Rick Scott recently signed H.B. 7087 into law which increases the amount of credits available under the state’s New Markets Development Program (NMDP).

The U.S. Senate on March 29 confirmed Maurice A. Jones to succeed the retired Ronald C. Sims for the position of Deputy Secretary of HUD.

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.