News

New York

New York Passes 2011-12 Budget

New York Governor Andrew M. Cuomo recently announced the passage of the 2011-2012 state budget.

NH&RA News

GAO Releases Report on Farm Worker Housing

The Government Accountability Office (GAO) recently published a report that calls for improvements in the management and oversight of the Farm Labor Housing program administered by the Rural Housing Service (RHS).

HUD

HUD Issues NOFA for Choice Neighborhoods Finalists

The U.S. Housing and Urban Development (HUD) recently posted a Notice of Funding Availability for the six entities that were named finalists to receive the first implementation grant funding through HUD’s new Choice Neighborhoods Initiative (CNI).

IRS

Virginia Historic Tax Credit Case Overturned By Appeals Court

Novogradac & Company is reporting that the U.S. Court of Appeals for the Fourth Circuit today published an opinion in the case of Virginia Historic Tax Credit Fund v. Commissioner of Internal Revenue that reverses the December 2009 U.S. Tax Court opinion.

NH&RA News

National Park Service Director Releases Video on Historic Credit

National Park Service Director Jonathan Jarvis talks about the Historic Preservation Tax Incentives in a new NPS video.

Illinois

Chicago Releases Draft 2011 QAP

City of Chicago Department of Housing and Economic Development (HED) is making available for public comment a draft of its 2011 Low-Income Housing Tax Credit Allocation Plan.

NH&RA News

National Park Service Publishes 2010 Annual Report on Historic Tax Credit Program

The National Park Service (NPS) has released its annual report for fiscal year (FY) 2010 on the historic tax credit (HTC) program.

congress-capitol

Industry Groups Urge Senate to Meet Section 8 Obligation

Earlier this month, ten rental housing industry organizations sent a letter encouraging the Senate to include sufficient funding to meet project-based Section 8 rental assistance contractual obligations for both HUD and the Rural Housing Service and ensure that those living in this housing are not displaced.

Nevada

Nevada Releases Final 2011 QAP & LIHTC Application

The Nevada Housing Division recently released the final documents for administering its 2011 Low-Income Housing Tax Credit Program.

New York

Mayor Bloomberg Announces New DHPD Commissioner

New York City Mayor Michael Bloomberg has named Mathew Wambua as the new commissioner of the city’s Department of Housing Preservation and Development (DHPD).

IRS

IRS Updates LIHTC Form 8823 Guide

The Internal Revenue Service (IRS) last week released an updated version of its “Guide for Completing Form 8823: Low-Income Housing Credit Agencies Report of Noncompliance or Building Disposition.”

HUD

HUD Announces First Choice Neighborhoods Grant Awards

HUD recent published the following notice on its website announcing the first awards of Choice Neighborhoods Initiative grants.

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