News

The Internal Revenue Service has finalized regulations relating to how an entity can qualify as a qualified active low-income community business (QALICB) under the New Markets Tax Credit (NMTC) program.

The Community Development Financial Institution (CDFI) Fund has released comprehensive Community Investment Impact System (CIIS) data for fiscal years 2004 through 2010. This report contains Institution Level Report (ILR) and the Transaction Level Report (TLR) data.

U.S. Department of Housing and Urban Development (HUD) announced this week that HUD is joining forces with GreatSchools, a national non-profit educational resource for parents, to give parents living in public housing or who receive HUD Housing Choice Voucher rental assistance greater access to local school information that will help them make more informed decisions about where to send their children to school.

Ohio Housing Finance Agency has released a notice that all market studies and any updated narratives must be submitted to OHFA no later than 5:00 p.m. on Thursday, December 8, 2011 and should be indexed according to OHFA Document Submission Procedures.

The Montana Board of Housing (BOH) has released its final Qualified Allocation Plan (QAP) for the 2012 tax credit allocation round.

President Obama recently announced new commitments under the Better Buildings Initiative totaling nearly $4 billion in public and private investments. Unveiled by the Obama Administration in February 2011, the goal of the Better Buildings Initiative is to improve energy efficiency in commercial buildings by 20 percent by 2020.

The Community Development Financial Institution (CDFI) Fund has issued a call for nominations for the 2012 Community Reinvestment Awards. The Community Reinvestment Awards annually recognizes the work of financial institutions that are advancing solutions to strengthen small businesses.

The Mississippi Housing Corporation (MHC) presented the Executive Summary of its proposed 2012 Qualified Allocation Plan (QAP) revisions during its November Board meeting.

HUD recently unveiled a new web tool to spotlight efforts to create opportunity and revitalize communities around the country though public/private partnerships and philanthropic support for strong community development plans.

The Connecticut Housing Finance Authority (CHFA) has announced changes to the application and funding round schedules for both the Housing Tax Credit Contribution (HTCC) and Low-Income Housing Tax Credit (LIHTC) programs beginning in 2012.

The Connecticut Housing Finance Agency presented its draft 2012 Standards of Design and Construction at a Public Forum on November 22. The standards include guidelines for the project planning and technical review process, safety and sustainability guidelines, and are applicable for construction funding through 2012 CHFA Multifamily Underwriting and Asset Management financing programs.

HUD has released the 2012 Income Limits to be used by projects financed with low-income housing tax credits (LIHTC) and tax-exempt bonds, effective December 1, 2011.