LIHTC

Senate Finance Committee Chairman Max Baucus today introduced a new version of tax extenders legislation (HR 4213). The Job Creation and Tax Cut Act of 2010 includes following provisions from H.R. 4213, the American Jobs and Closing Tax Loopholes Act (also known as the tax extenders bill), including:

Tax Credit Advisor – November 2010 – Nancy Rase, president of Homes for America, Inc., thrives on the demands of being an affordable housing developer.

The Internal Revenue Service (IRS) has announced the inflation-adjusted low-income housing tax credit (LIHTC) and private activity bond caps for 2011.

The South Dakota Housing Development Authority has released its draft 2011-2012 Qualified Allocation Plan for administering the Housing Tax Credit Program.

The Virginia Housing Development Authority’s Board of Commissioners recently approved the proposed revisions to the 2011 Qualified Allocation Plan and released the final version on its website.

The Washington State Housing Finance Commission has released its 2011 Low-Income Housing Tax Credit Application Packet, including Qualified Allocation Plan (QAP), application, policies, certifications and various other resources.

Tax Credit Advisor ““ October 2010 ““ A subsidiary of U.S. Bank has arranged and will manage a proprietary $86 million low-income housing tax credit fund for search engine giant Google.

Tax Credit Advisor ““ October 2010 ““ The President’s Economic Recovery Advisory Board has released a report outlining various tax reform options that mentions the low-income housing tax credit but doesn’t make any recommendation about what should be done about it.

The Missouri Housing Development Commission’s Board of Commissioners has approved Margaret Lineberry to serve as executive director of the agency.

The Louisiana Housing Finance Agency is in the process of implementing an initiative to allocate its remaining $1.7 million in Tax Credit Assistance Program (TCAP) funds.

The White House, together with officials from HUD, Treasury, USDA and congressional staff, recently hosted a one-day conference entitled,

The Ohio Housing Finance Agency (OHFA) has released the final list of discussion topics for the Proposal Meetings that will be held as part of the 2011 Housing Credit Program.