District of Columbia

NH&RA News

$1 Billion Capital Regional Housing Challenge

The Housing Leaders Group of Greater Washington launched a $1 billion Capital Regional Housing Challenge, that encourages the D.C. region’s public and private sectors to each add $500 million in affordable housing investments above their current baseline by the end of 2020.

NH&RA News

Mayor Bowser Releases 2020 D.C. Budget With More Money for Housing

In Mayor Muriel Bower’s State of the District Address, she announced an additional $55 in spending in programs to create or preserve affordable housing. “We are very focused on housing,” Bowser told the council during a budget presentation. “What we heard from residents across the city is that is the most significant pinch point.” The […]

DC Releases Update on Opportunity Zones, Requests Deadline Extension

The Bowser Administration shared feedback received from a web-based survey regarding where to locate Opportunity Zones, a new designation that provides tax incentives to encourage investment in low-income areas.

DC Tax Credit Proposed for Affordable Housing Partnered with CDFIs

The credit would offset District of Columbia income taxes equal to 33% of the investment up to $1 million. The bill was introduced last week and is sponsored by five District Councilmembers.

DCSEU is Offering Enhanced Rebates for All Chiller Projects

District of Columbia Sustainable Energy Utility (DCSEU) is offering enhanced rebates for all chiller projects scheduled for installation by May 1, 2015.

NH&RA News

District of Columbia Enacts New LIHTC Program

The District of Columbia’s fiscal year (FY) 2015 Budget Support Emergency Act, which became effective on October 1, 2014, implements a low-income housing tax credit (LIHTC) for the District of Columbia.

Alabama

IRS Sets State Credit Ceilings for 2014

The Internal Revenue Service (IRS) announced in Revenue Procedure 2013-35 that it has set the inflation-adjusted State credit ceiling for the Low-Income Housing Tax Credit (LIHTC) program and private activity bond caps for calendar year 2014.

NH&RA News

UPDATE: DC Council Approves 2014 Budget, Mayor’s Affordable Housing Plan Included

In his State of the City speech earlier this year, Washington, DC Mayor Vincent Gray pledged $100 million towards affordable housing for the District of Columbia. The plan that will guide the administration’s affordable housing efforts was recently unveiled. “Bridges to Opportunity: A New Housing Strategy for DC” was produced by a task force appointed by the Mayor in 2012 and proposes three broad strategic goals and 24 Action Items to achieve those goals.

Connecticut

NH&RA Awards Ten Buildings for Excellence in Historic Rehabilitation

The National Housing & Rehabilitation Association, in association with the National Trust Community Investment Corporation, honored developers, architects and historic preservation professionals that brought new life to ten historic buildings through its awarding of the 2012 J. Timothy Anderson Awards for Excellence in Historic Rehabilitation.

NH&RA News

DC Historic Preservation Office Releases Study on Effectiveness of State Historic Tax Credits

The District of Columbia Historic Preservation Office (HPO) recently announced the publication of a study entitled “Leveraging Federal Economic Development Resources with State Historic Rehab Tax Credits”.

Alabama

IRS Sets State Tax Credit Ceilings for 2013

The Internal Revenue Service (IRS) announced in Revenue Procedure 2012-41 that it has set the inflation-adjusted State credit ceiling for the Low-Income Housing Tax Credit (LIHTC) program and private activity bond caps for calendar year 2013.

Connecticut

NH&RA Announces 5 Winners & 10 Finalists for 2012 Historic Rehabilitation Awards

The National Housing & Rehabilitation Association (NH&RA) has announced five winners and ten finalists across ten competitive categories for this year’s J. Timothy Anderson Awards for Excellence in Historic Rehabilitation. The “Timmy Awards” will be presented at an awards luncheon and ceremony on Tuesday, October 30 at the Langham Hotel in Boston, Massachusetts, held in conjunction with the association’s Annual Fall Developers Forum. The winners and finalists represent fourteen different communities in ten states””Connecticut, Kansas, Kentucky, Louisiana, Massachusetts, Missouri, Oklahoma, Pennsylvania, Tennessee, Virginia””as well as the District of Columbia.

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