News

Alabama Housing Finance Authority (AHFA) will conduct a public hearing concerning the modifications to the 2010 HOME Investment Partnerships Program Action Plan and the Low-Income Housing Tax Credit Allocation Plan for the distribution of HOME funds and Housing Credits in exchange for the new construction and substantial rehabilitation of low-income projects and for the monitoring of HOME funds and Housing Credits for all projects.

The Law Firm Ballard Spahr recently issued an alert on a interesting provision from the American Recovery & Reinvestment Act that allows tax payers to defer cancellation of indebtedness income.

National Housing & Rehabilitation Association is pleased to announce we have launched our very own You Tube Channel. We will be using the HousingOnline Channel to share highlights from NH&RA Conferences & Events as well as ‘tag’ interesting affordable housing, LIHTC, NMTC and Historic Rehabilitation video content from across You Tube. Click here to subscribe to the HousingOnline Channel today.

NH&RA is pleased to announce that we have created a LinkedIn Group for our members. LinkedIn is a business-oriented social networking site that allows its users to stay connected with colleagues and professional contacts.

The California Tax Credit Allocation Committee recently announced that it will hold two loan workshops for recipients of American Recovery and Reinvestment Act (ARRA) funds.

The U.S. Department of Agriculture’s (USDA) Rural Housing Service has announced the implementation of a $10 million demonstration program under its Section 538 Guaranteed Rural Rental Housing Program to test the viability of the concept of providing a continuous loan note guarantee through the construction and permanent loan phases of a project.

The New York State Senate is considering legislation related to conveyances involving real property financed with federal low-income housing tax credits.

The Washington State Housing Finance Commission recently issued a memorandum summarizing proposed revisions to its low-income housing tax credit program policies for 2010.

The Maryland Department of Housing and Community Development recently announced that it will postpone its scheduled October 2009 competitive funding round until early 2010, with applications due in February ““ an exact due date will be determined at a later date.

Sen. Jay Rockefeller (D-W.V.) has introduced legislation (S. 1583) that would extend the New Markets Tax Credit for five years and provide $5 billion in annual NMTC allocation authority.

If you missed the 2009 Summer Institute in Woodstock, VT you can still purchase conference materials and video and/or audio recordings of select sessions.

The California Tax Credit Allocation Committee has issued a notice entitled, “Tax Credit Assistance Program (TCAP) Environmental Requirements & Guidance.”