News

Louisiana

Louisiana Incorporates NCAHMA Membership Into LIHTC Process

The Louisiana Housing Finance Agency (LHFA) in a recent request for qualifications from LIHTC market analysts, has stated that qualified applicants must provide proof of membership in the National Council of Affordable Housing Market Analysts (NCAHMA).

New York

NY Historic Credit Passes Finance Committee, Awaits Senate Approval

Proposed legislation to expand the New York state historic rehabilitation tax credit has passed the Finance Committee and will be sent to the full senate this week, where it is expected to pass.

HUD

HUD Appoints Deputy Secretary of Policy Development and Research

Last week, U.S. Department of Housing and Urban Development Secretary Shaun Donovan announced that President Obama has appointed Erika Poethig as Deputy Assistant Secretary for HUD’s Office of Policy Development and Research.

Massachusetts

Massachusetts Publishes TCAP Guidance

The Massachusetts Department of Housing and Community Development last week published draft guidelines for implementation of its low-income housing tax credit assistance (TCAP) program.

Utah

Utah Publishes Guidelines for TCAP, Exchange Programs

The Utah Housing Corporation recently issued guidance for the Tax Credit Exchange and Tax Credit Assistance Programs, provided under the American Recovery and Reinvestment Act to help kick-start stalled affordable housing project developments throughout Utah.

Tennessee

Tennessee Approves TCAP Description Outline

The Tennessee Housing Development Agency’s Board of Directors last week approved a description outline for the state’s implementation and awards process for the Tax Credit Assistance Program (TCAP) provided under the American Recovery and Reinvestment Act to assist stalled affordable housing development throughout the state.

Kansas

HUD, Treasury Announce First Wave of Recovery Act Funding

The U.S. Department of the Treasury recently announced more than $330 million in funding to assist troubled affordable housing developments in Kansas, Michigan, Ohio, Wisconsin, and Puerto Rico through the Tax Credit Exchange Program, provided under the American Recovery and Reinvestment Act (ARRA).

Kentucky

Kentucky Seeks Comments on LIHTC Guidelines

The Kentucky Housing Corporation (KHC) is soliciting comments by May 28 on draft guidelines for the agency’s implementation of the Tax Credit Exchange and credit exchange programs, the two new funding sources authorized by the American Recovery and Reinvestment Act.

HUD

HUD Announces Nearly $1 Billion for Public Housing Through ARRA

U.S. Department of Housing and Urban Development (HUD) Secretary Shaun Donovan recently announced almost $1 billion in assistance for substantial improvements to the nation’s public housing stock. Funding is being provided through the Public Housing Capital Fund under the American Recovery and Reinvestment Act (ARRA).

NH&RA News

DC Releases Guidance on Exchange Funding

The DC Department of Housing and Community Development (DHCD) has issued a memo of guidance for its Tax Credit Exchange program provided through the American Recovery and Reinvestment Act.

South Carolina

South Carolina Issues Draft TCAP Implementation Plan

The South Carolina State Housing Finance and Development Authority has published its draft implementation plan for the Tax Credit Assistance Program (TCAP).

North Carolina

North Carolina Publishes Criteria for TCAP, Exchange Programs

The North Carolina Housing Finance Agency has published its draft project selection process and criteria for the Tax Credit Exchange and Tax Credit Assistance Programs under the American Recovery and Reinvestment Act.

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