Green/Sustainable Housing

HUD’s Sustainable Communities Resource Center has developed a matrix to measure the Savings of Green Building Technologies. The matrix highlights 10 proven and affordable green building technologies organized into four categories: Building Envelope, HVAC, Management and Use, and Water.

The House Ways and Means Select Revenue Subcommittee recently held a hearing on tax extenders in which a few members specifically expressed support for the New Markets Tax Credit (NMTC) and Wind Production Tax Credit programs.

The Senate Appropriations Committee on April 19 approved the Transportation, Housing and Urban Development (THUD) Subcommittee’s fiscal year (FY) 2013 appropriations bill. The bill proposes to fund the Department of Housing and Urban Development (HUD) programs at $46.16 billion, an increase of $1.4 billion above the President’s FY 2013 request and $2.4 billion more than the FY 2012 enacted budget amount.

Join NH&RA May 21-22 for our 2012 Spring Developers Forum at the Ritz-Carlton Marina del Rey in California. Register by this Friday, April 27 to save up to $100 off your conference registration fee!

Last night’s State of the Union address offered some interesting new insight into the President’s policy priorities for the upcoming year. I was surprised that the President emphasized tax reform so early and often. While President Obama did not cite the low income housing tax credit, historic tax credit or new markets tax credit directly there was a strong emphasis on providing tax relief for businesses that create domestic jobs.

The Obama Administration released its FY 2013 budget on February 13, 2012, proposing spending levels for federal departments, agencies, and programs for the fiscal year that begins October 1, 2012. Click here for background on the federal budget process.

The Ohio Housing Finance Agency (OHFA) has released a revised Utility Allowance Policies and Procedures document to include an energy consumption model.

HUD has issued a summary of the public comments received on the agency’s draft environmental justice strategy released in September 2011, the agency’s response to those comments and the final document.

The Treasury Department has released a sample Combined Application for the Section 1603 cash grant exchange program for energy property on which construction began in 2009, 2010, or 2011.

The California Tax Credit Allocation Committee (CTCAC) has made available detailed guidance for sustainable building method software, submission, documentation, and qualification requirements.

The Internal Revenue Service (IRS) has released Notice 2012-26 to modify Notice 2008-40 and Notice 2006-52, both of which relate to guidance on deductions for energy efficient commercial buildings.

The Government Accountability Office (GAO) recently released a report that identifies several tax expenditure programs that contribute to community development, several of which overlap with at least one other tax expenditure program in terms of the areas or activities funded.