News

NH&RA’s Historic Preservation Development Council is working to extend expiring Tax Incentives for historic rehabilitation projects in the Gulf Opportunity Zone in Louisiana, Mississippi and Alabama. These benefits are currently due to expire at the end of 2009. As a result of our efforts we expect legislation to be introduced shortly that will be co-sponsored by Congressman Artur Davis (D-Ala.) and Congressman Charles Boustany (R-La.).

The Wisconsin Housing and Economic Development Authority has announced two significant changes with regards to the administration of the Tax Credit Assistance Program (TCAP) and the Section 1602 Tax Credit Exchange Program, provided by the American Recovery and Reinvestment Act.

The Utah Housing Corporation recently made available its draft 2010 qualified allocation plan (QAP) for administering the low-income housing tax credit (LIHTC) program.

The Nebraska Investment Finance Authority (NIFA) has released its 2010 low-income housing tax credit program application package, including the 2010 qualified allocation plan (QAP).

The Kentucky Housing Corporation has released the final, approved version of its qualified allocation plan for the 2010 low-income housing tax credit (LIHTC) program. KHC will make approximately $9 million available through its 2010 program.

The Georgia Department of Community Affairs (DCA) has scheduled a series of three public hearings to provide an opportunity for public comment on proposed changes to the 2010 qualified allocation plan (QAP).

The Florida Housing Finance Corporation recently appropriated $1 million through the Public Housing Mitigation Initiative to the state’s public housing authorities to rehabilitate the aging public housing stock across Florida.

The Obama administration has announced a new initiative for state and local housing finance agencies (HFAs) that will support lower mortgage rates and expand resources for low-income borrowers to rent or purchase affordable housing.

The U.S. Department of Housing and Urban Development’s (HUD) Policy Development and Research arm, HUD USER, has released Comprehensive Housing Market Analyses for the Dallas, Texas and Las Vegas-Paradise, Nevada market areas.

NH&RA announced today that a rare assemblage of five state allocators from adjoining Midwestern states will be a highlight of the Annual Meeting of the National Council of Affordable Housing Market Analysts (NCAHMA) at Chicago’s Doubletree Hotel on November 9 and 10.

The Texas Department of Housing and Community Affairs (TDHCA) has released a series of housing policy documents and rules, including the draft 2010 qualified allocation plan (QAP), for administering its affordable housing programs.

The California Tax Credit Allocation Committee (TCAC) has released a revised set of proposed regulation changes to the American Recovery and Reinvestment Act programs and tax credit program tiebreaker.