News

IRS

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

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

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.

IRS

IRS Finalizes Targeted Population Regulations for New Markets Tax Credit Program

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.

NH&RA News

CDFI Fund Releases FY 2004-2010 CIIS Data

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.

HUD

HUD Partnership Offers New Educational Resources for Public Housing Households

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

Ohio Issues Notice on Market Studies

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.

Montana

Montana Releases Final 2012 QAP

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

NH&RA News

Obama Announces New Commitments under the Better Buildings Initiative

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.

NH&RA News

CDFI Fund Issues Call for Nominations for the Community Reinvestment Awards

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.

Mississippi

Mississippi Releases 2012 QAP Executive Summary

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

HUD

HUD Launches New Web Tool to Facilitate Partnerships

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.

[Page 299 of 443 ]