LIHTC

Minnesota Releases Proposed Revisions for 2011 QAP

The Minnesota Housing Finance Agency has released a notice of proposed revisions to 2011 low-income housing tax credit program, QAP and procedural manual.

Maine Housing Director Re-Nominated for Second Term

he Maine State Senate has approved Governor John Baldacci’s nomination of Dale McCormick to serve a second four-year term as Director of MaineHousing, the state’s administrator of the low-income housing tax credit program.

Louisiana Agency Announces 2010 LIHTC Application Timeline

The Louisiana Housing Finance Agency (LHFA) has announced its tentative timeline for 2010 LIHTC applications. LHFA’s draft 2010 qualified allocation plan (QAP) will be presented to its Board for approval on June 19.

DCA Releases Forms for LIHTC 10% Test

for the certification of the 10% test for low-income housing tax credit (LIHTC) allocatees.

Arkansas Issues Section 1602 Update

The Arkansas Development Finance Authority recently announced its intent to utilize 2010 Exchange funds as additional gap financing for 2010 tax credit applicants with a substantial investor purchasing the credits for $.65 or more.

DOE Ruling Expands Eligibility for Weatherization Funds

The U.S. Department of Energy (DOE) recently implemented a new ruling that expands the eligibility of projects for Weatherization Assistance Program (WAP) funding.

Senate Introduces Tax Credit Extenders Package; Action Expected Shortly

Senate Majority Leader Harry Reid (D-Nev.) has tax credit extender legislation that would extend a number of expired tax provisions. The legislation comes in the form of a “strike-all” amendment to H. R. 4154 (The American Workers, State, and Business Relief Act of 2010); which passed the House of Representatives on December 3 on a largely party-line vote.

Jobs Bill Passes House; Provisions Include LIHTC, NMTC & Build America Bonds

The US House of Representatives passed a $16.8 billion package of tax incentives for state and local governments and small businesses Wednesday, the second measure in the Democrats’ “jobs agenda” to pass the chamber this month.

Proposed Jobs Bill Includes Key Tax Provisions

House Ways and Means Committee Chairman Sander M. Levin (D-MI), recently introduced draft legislation that would make tax-exempt bond-financed properties eligible for the Section 1602 low-income housing tax credit (LIHTC) cash grant exchange program, and allow the new markets tax credit (NMTC) to be used to offset the alternative minimum tax (AMT).