News
NMTC Program Touted by U.S. Representatives
U.S. Representatives Marcia L. Fudge, Marcy Kaptur, Dennis Kucinich, Tim Ryan, Betty Sutton, and Richard Neal recently highlighted the benefits of the New Markets Tax Credit (NMTC) program and urged Congress to extend the program.
Colorado Release Second Draft of 2012 QAP
The Colorado Housing Finance Agency (CHFA) released the second draft of the state’s 2012 Qualified Allocation Plan (QAP) and a summary of proposed changes.
Arizona Releases Fifth Draft of 2012 QAP
The Arizona Department of Housing (ADOH) has released the fifth and final draft of the state’s 2012 Qualified Allocation Plan.
Colorado Releases Draft of 2012 QAP
The Colorado Housing Finance Agency (CHFA) has released the first draft of the 2012 Qualified Allocation Plan (QAP) and a summary of proposed changes.
LIHTC Legislation Introduced in House and Senate
Congressmen Pat Tiberi (R-OH) and Richard Neal (D-MA) recently introduced H.R. 3661, a bill which would permanently extend the flat 9% credit rate and create a flat 4% credit rate for allocated LIHTCs.
New 5-Year ACS Data Released by Census Bureau
The U.S. Census Bureau has released findings from the American Community Survey for the combined years from 2006 to 2010.
NCSHA Releases Approved Revisions to Recommended Underwriting Standards
In early December, the National Council of State Housing Agencies (NCSHA) Board of Directors approved updates to its low-income housing tax credit (LIHTC) and underwriting recommended practices.
Senate Subcommittee Approves HUD Secretary Nomination
Recently the Senate Banking Committee voted to approve President Obama’s nomination of Carol Galante as the next Federal Housing Administration (FHA) Commissioner and Maurice A. Jones as the next Deputy Secretary of HUD.
UPDATED: HUD Notifies Section 8 Contract Administrators to Deny Requests for Use of Residual Receipt Funds
The Wisconsin Housing and Economic Development Agency (WHEDA) received a notification from HUD regarding residual receipt accounts on WHEDA financed properties.
Treasury Releases Updated Q&A on 1603 Program
The U.S. Department of the Treasury yesterday updated its frequently asked questions regarding the beginning of construction for projects seeking payments through the Section 1603 program.
Nevada Releases Final 2012 QAP
The Nevada Housing Division recently released the final version of its 2012 Qualified Allocation Plan, describing the process for allocating federal low-income housing tax credits to qualified developers in Nevada.
California Releases 2012 LIHTC Program Schedule
The California Tax Credit Allocation Committee (TCAC) this week released the 2011/2012 Proposed Program Schedule & Deadlines for the low-income housing tax credit program. The committee held public hearings this week regarding proposed regulation changes for the 2012 allocation round; proposed updates are forthcoming.