News

The Ohio Housing Finance Agency released the final drafts of the cost certification guidelines and forms that will apply to any project receiving ARRA or NSP funds and any project receiving an allocation of Housing Tax Credits in 2010 or later.

Senate Finance Committee Chairman Max Baucus today introduced a new version of tax extenders legislation (HR 4213). The Job Creation and Tax Cut Act of 2010 includes following provisions from H.R. 4213, the American Jobs and Closing Tax Loopholes Act (also known as the tax extenders bill), including:

Tax Credit Advisor – November 2010 – Nancy Rase, president of Homes for America, Inc., thrives on the demands of being an affordable housing developer.

Tax Credit Advisor ““ November 2010 ““ For the new markets tax credit (NMTC) industry, all eyes are on Washington, wondering whether or when Congress will enact legislation to reauthorize the program, which lapsed on December 31, 2009.

The Internal Revenue Service (IRS) has announced the inflation-adjusted low-income housing tax credit (LIHTC) and private activity bond caps for 2011.

The U.S. Department of Housing and Urban Development has released a proposed rule that submits regulations for governing the Housing Trust Fund, established by HERA in 2008 to provide grants to State governments to increase and preserve the supply of rental housing for extremely low- and very low-income families.

The Ohio Preservation Compact (OPC) recently unveiled its comprehensive website dedicated to the preservation of affordable housing in Ohio.

The South Dakota Housing Development Authority has released its draft 2011-2012 Qualified Allocation Plan for administering the Housing Tax Credit Program.

The U.S. Department of Agriculture (USDA) on October 19 released its annual report on the American Recovery and Reinvestment Act (ARRA).

The Virginia Housing Development Authority’s Board of Commissioners recently approved the proposed revisions to the 2011 Qualified Allocation Plan and released the final version on its website.

Tax Credit Advisor ““ October 2010 ““ A subsidiary of U.S. Bank has arranged and will manage a proprietary $86 million low-income housing tax credit fund for search engine giant Google.

Tax Credit Advisor ““ October 2010 ““ The President’s Economic Recovery Advisory Board has released a report outlining various tax reform options that mentions the low-income housing tax credit but doesn’t make any recommendation about what should be done about it.