Military Housing/Government Surplus

The Government Accountability Office released a Preliminary Recommendations to Strengthen DOD’s Oversight and Monitoring of Privatized Housing report, which outlines the range of assessments and data collection used by the Office of the Secretary of the Defense.

The Six District Court of Appeals in California issued a ruling on November 26, 2019 requiring the City of San Jose to comply with a state law that requires cities to make surplus public land available for affordable housing.  The San Francisco Chronicle reports that, “The ruling, if it stands, will apply to 121 cities […]

After months of stalemate on December 31 (US Senate) and January 1 (US House of Representatives) respectively, has passed HR 8, The American Taxpayer Relief Act, which addresses the tax provisions of the “fiscal cliff.” The legislation is expected to be signed into law by President Obama imminently. The legislation includes a number of tax extenders including extensions of most of the expiring “Bush-era” income tax rates, a permanent “patch” for the alternative minimum tax, and most notably for NH&RA members extensions of the New Markets Tax Credit and the fixed 9 percent rate for the Low-Income Housing Tax Credit through 2013. The measure also postpones sequestration, automatic spending cuts to government spending that was set to occur in January, by two months to allow time for further negotiation.

A new report from the Government Accountability Office (GAO) indicates that the number of homeless women veterans has more than doubled, from 1,380 in fiscal year 2006 to 3,328 in fiscal year 2010.

PowerPoint presentations from the Affordable Housing Underwriting Forum & NCAHMA Annual Meeting are now available for download.

Maryland’s Department of Housing & Community Development (DHCD) recently issued Multifamily Housing Notice 11-06 which makes several announcements and reminders for multifamily developers.

U.S. Representative Bill Owens (D-NY) has introduced a new bill (H.R. 2097) that would allow military service members to exclude basic allowance for housing (BAH) from their income when applying for low-income housing tax credit (LIHTC) housing.

NH&RA is pleased to announce our Winter, Spring & Summer Calendar. Events including our Winter New Markets Tax Credit Symposium, 2011 Annual Meeting, Spring Policy & Underwriting Forum, Spring Developers Forum, Summer Institute and Summer New Markets Tax Credit Symposium.

NH&RA had perfect weather for this year’s Winter Golf Tournament at the Raptor Bay Golf Club last week in Bonita Springs, Fla. NH&RA congratulates the following prize winners.

On behalf of the entire staff at NH&RA, we wish you a happy and healthy Holiday season!

The Maryland Department of Housing and Community Development and the United States Air Force has issued a request for information (RFI) soliciting input from the private sector on potential future uses for the vacant Summerfield housing units.

Maryland’s Department of Housing and Community Development recently issued a notice to multifamily development professionals that announces critical updates to Maryland’s 2010 funding programs, and reminds developers of the February 23, 2010 competitive funding round application deadline.