LIHTC

The Nevada Housing Division recently released the final documents for administering its 2011 Low-Income Housing Tax Credit Program.

The Internal Revenue Service (IRS) last week released an updated version of its “Guide for Completing Form 8823: Low-Income Housing Credit Agencies Report of Noncompliance or Building Disposition.”

The Department of the Treasury’s FY-2012 Budget Proposal included two major changes to the low-income housing tax credit. The changes if enacted with create a basis boost for certain bond transactions and encourage owners to create more mixed-income housing.

The Federal Reserve Bank of Dallas has issued a new report titled “Does Low-Income Housing Tax Credit Hurt Nearby Schools?”

President Obama on Friday signed into law the Tax Relief, Unemployment Insurance Reauthorization and Job Creation Act of 2010. The House last week passed the bill by a vote of 277-148. The Senate approved the bill on December 15 by a vote of 81-19.

Democratic lawmakers on the House Ways and Means Committee have introduced a new bill intended to finance infrastructure investments to create jobs.

California Tax Credit Allocation Committee has published its 2011 Application Workshop Questions and Answers on its website.

The Connecticut Housing Finance Authority is now accepting applications for 9% low-income housing tax credit allocations through the 2011 competitive funding round.

The Massachusetts Department of Housing and Community Development (DHCD) has announced that the first rental funding competition of 2011 will begin on April 28, 2011.

The Internal Revenue Service (IRS) recently released the 2011 Calendar Year Resident Population Estimates for each state.

The Massachusetts Department of Housing and Community Development has released a draft version of its 2011 Qualified Allocation Plan for governing the state’s LIHTC program.

The Mississippi Home Corporation (MHC) has released the final version of its 2011 Housing Tax Credit Program Qualified Allocation Plan (QAP).