News
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.”
Massachusetts Housing Undersecretary to Join LISC
LISC has named Tina Brooks, Massachusetts’ undersecretary for housing and community development, as its new EVP for programs.
IRS Issues Notice State and Local Bonds Volume Cap and Timing of Issuing Bonds
The IRS has issued a new notice (Notice 2011-63) that provides supplemental guidance on the determination of when State and local bonds are considered “issued” for purposes of volume cap limitations on private activity bonds and other bond volume caps and limitations under Federal law.
House Subcommittee Passes GSE Legislation; Indications that Obama to Introduce on GSE Bill Soon
The House Financial Services Capital Markets and Government Sponsored Enterprises Subcommittee approved five bills designed to constrain Fannie Mae and Freddie Mac and hasten their departure from the mortgage market.
Bills Introduced to Provide Additional NMTCs for Disaster Areas
Reps. Ron Kind (D-WI), Spencer Bachus (R-AL), Richard Neal (D-MA), and Terri Sewell (D-AK), and Sens. John Kerry (D-MA), and Scott Brown (R-MA), yesterday introduced H.R. 2718 and S. 1456, respectively.
HUD Launches Multifamily Preservation Webpage
HUD has announced the addition of a preservation web page to the Multifamily website.
NH&RA Summer Institute PowerPoint Presentations
NH&RA is pleased to offer .PDF versions of the PowerPoint slides presented at the 2011 Summer Institute & New Markets Tax Credit Symposium.
North Carolina Seeks Comments on 2012 QAP
NCHFA is seeking input on the draft 2012 Qualified Allocation Plan prior to publication.
Maryland Issues Multifamily Housing Notice
The Maryland Department of Housing & Community Development recently released Multifamily Housing Notice 11-07 which provides an update on the Spring 2011 funding round, and reminds potential applicants about the Round 2 deadline.
IRS Issues Guidance to Examiners on Codified Economic Substance Doctrine
The Internal Revenue Service has issued a directive to provide guidance to IRS examiners and their managers on how to determine when, during an examination, it is appropriate to seek the approval of the Director of Field Operations in order to raise the economic substance doctrine.