News
IRS Issues Notice Suspending Requirements for Some Alabama LIHTC Properties Impacted by Disasters
The Internal Revenue Service (IRS) has issued Notice 2011-65, which provides relief to Alabama from certain low-income housing credit requirements.
Virginia Releases Draft 2012 QAP
The Virginia Housing Development Authority has released a draft of its 2012 QAP, as well as the 2012 low-income housing tax credit program schedule and focus group announcement.
Washington Releases Draft Proposed Changes to 2012 LIHTC Policies
The Washington State Housing Finance Commission (WSHFC) recently released its second draft of proposed changes to the 2012 low-income housing tax credit program policies.
Ohio Releases Additional 2012 LIHTC Materials
OHFA has posted the Experience and Capacity Review Application on their website.
Indiana Releases Final 2012-2013 QAP
The final version of the 2012-2013 Qualified Allocation Plan (QAP) has been released by the Indiana Housing & Community Development Authority (IHCDA).
Connecticut Expands State Historic Credits
Connecticut’s General Assembly expanded two of the state’s historic rehabilitation tax credits, the Historic Structures Rehabilitation Tax Credit and the Historic Preservation Tax Credit.
Proposed Bill Would Expand Opportunities for NMTC
Reps. Jim Costa (D-CA), Dennis Cardoza (D-CA), and Jeff Denham (R-CA) recently introduced a bill that would treat certain population census tracts for which information is not available as low-income communities for purposes of the new markets tax credit (NMTC).
NMTC Demand Up 26 Percent
The Community Development Financial Institutions (CDFI) Fund announced that it received a total of 314 applications under the 2011 round of the New Markets Tax Credit (NMTC) program, the largest number of NMTC applications received since 2002 and an increase of 26 percent over the number of applications received in last year’s competition.
Tennessee Releases Proposed Changes for 2012 QAP
The Tennessee Housing Development Council has released a list of preliminary changes proposed for the 2012 qualified allocation plan.
HUD Issues New Rental Market Dynamics Report
HUD’s Office of Policy Development and Research has issued two important reports on the nation’s rental housing markets: Rental Market Dynamics: 2007″“2009 and Components of Inventory Change: 2007″“2009.
Wisconsin Creates Special Tax Credit Round
The Wisconsin Housing and Economic Development Authority (WHEDA) created a special round of 2011 LIHTC allocations specifically designated for developing affordable housing in Marinette, Wis.
New Study Issued On Multifamily Utility Usage
NH&RA Member and Council for Energy Friendly Affordable Housing Steering Committee member Recap Real Estate Advisors has issued a new study on behalf of Living Cities titled “Multifamily Utility Usage Data: Issues and Opportunities.”