News

The Montana Board of Housing announced Mary Bair as its new Multifamily Program Manager.

The Ohio Housing Finance Agency has posted the following documents relative to the 2012 Qualified Allocation Plan.

In February 2011, the Hawaii State Legislature passed S.B. No. 1240 which created a mechanism to provide alternative financing assistance to incentivize the use of the State’s low-income housing tax credit program.

Housing & Urban Development Director Shaun Donovan last week traveled to Columbus, Ohio to help popularize the Project Rebuild initiative that has been proposed as part of President Obama’s American Jobs Act.

The Washington State Housing Finance Commission has released the 2012 Low-Income Housing Tax Credit Program Application Packet.

On Thursday, October 6th, the Insurance, Housing and Community Opportunity Subcommittee of the House Financial Services Committee held a hearing entitled, “The Obama Administration’s Response to the Housing Crisis.” The hearing examined the Administration’s response to the housing crisis, including new proposals announced by the President during his recent speech to a joint session of Congress.

HUD’s Office of Public and Indian Housing has released a notice that provides public housing agencies (PHAs) with instructions for operating subsidy calculation submissions in 2012.

Governor John Kitzhaber has announced the appointment of Margaret Shephard Van Vliet to fill the position of Oregon Housing and Community Services Director.

The Missouri House of Representatives approved an economic development bill that includes tax credits towards a China trade hub at Lambert-St. Louis International Airport, a corporate income tax reduction from 6.25 percent to 5.5 percent starting in January 2012, and changes to the historic and low-incoming housing tax programs.

The Missouri House of Representatives approved an economic development bill that includes tax credits towards a China trade hub at Lambert-St. Louis International Airport, a corporate income tax reduction from 6.25 percent to 5.5 percent starting in January 2012, and changes to the historic and low-incoming housing tax programs.

The American Council for an Energy-Efficient Economy (ACEEE) last week released a new report entitled “What Have We Learned from Energy Efficiency Financing Programs?” that shows that energy-efficiency loan programs for building upgrades have exceedingly low default rates, ranging from 0 to 3 percent.

A recent Associate Chief Counsel Memorandum (2011-004) discusses the federal income tax treatment of the receipt of excessive payments under Section 1603 of the American Recovery & Reinvestment Act (ARRA).