Maine

Maine

Maine Increases NMTC Cap for Certain Rural Projects

Maine State Senate President Kevin Raye (R-Perry) and Senator Doug Thomas (R-Ripley) recently succeeded in passing an amendment to the state’s FY 2013 budget which increases the individual tax credit cap for the state’s New Markets Capital Investment Program (NMCIP) program from $10 million to $40 million.

California

IRS Releases Unallocated Credit Carryovers for Certain States

The Internal Revenue Service (IRS) published Revenue Service 2011-57 which dictates the amounts of unused housing credit carryover allowances allocated to qualified states. Nearly $3.66 million of unused credits were divided among the states in the National Pool.

Maine

Maine Launches Effort to Address Low-Income Housing

Maine’s Blue Ribbon Commission on Affordable Housing had its inaugural meeting in Augusta last week to plot out a course of action to address Maine’s crisis in low-income housing.

QAP Maine

Maine Releases Proposed 2012 QAP

MaineHousing has released a proposed draft copy of its 2012 Qualified Allocation Plan (QAP).

Maine

Maine Schedules Hearings on 2012 Consolidated Plan

MaineHousing has announced that it will hold a series of public forums to develop the State’s 2012 Consolidated Plan.

Maine

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.

Connecticut

Obama Administration Names HUD’s New England Director

U.S. Department of Housing and Urban Development Secretary Shaun Donovan has announced the selection of Richard Walega as HUD’s new Regional Director for New England, which comprises Connecticut, Maine, Massachusetts, New Hampshire, Rhode Island and Vermont.

Maine

Maine Releases Proposed 2010 QAP

The Maine State Housing Authority has released the proposed Qualified Allocation Plan (QAP) for administering the allocation of the state’s 2010 and 2011 annual ceiling of the low-income housing tax credits (LIHTC).

Arkansas

Obama Administration Continues Naming States’ Rural Housing Directors

The Obama Administration recently announced nine more individuals who will serve as their State’s Director of Rural Development at the U.S. Department of Agriculture (USDA). The directors will work with USDA to help manage over 40 programs that USDA’s Rural Development administers to provide affordable housing and improve the economic stability for rural communities across the country.

Colorado

Treasury Announces 5th Wave of Exchange Funding

The U.S. Treasury Department recently announced over $90 million in funding awards to five states through the Section 1602 Exchange Program created by the American Recovery and Reinvestment Act (ARRA).

Maine

Maine Issues Guidance on Tax Credit Exchange Program

The Maine State Housing Authority has released guidance on the Section 1602 Tax Credit Exchange Program, provided by the American Recovery and Reinvestment Act (ARRA).

Maine

Maine Issues Guidance on Tax Credit Exchange Program

The Maine State Housing Authority has released guidance on the Section 1602 Tax Credit Exchange Program, provided by the American Recovery and Reinvestment Act (ARRA).

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