Minnesota
Minnesota Announces New MHFA Deputy Commissioner
The Minnesota Housing Finance Agency (MHFA) has announced Barb Sporlein as its new Deputy Commissioner.
Bill Would Extend Increased Historic Credit for Midwestern Disaster Communities
U.S. Representative Bruce Braley (D-IA) last week introduced the Rebuilding Communities Act (H.R. 2901), which would extend a provision enacted in 2008 that increased the historic tax credit to 26 percent and the rehabilitation tax credit to 13 percent in Midwestern communities affected by natural disasters.
Minnesota Releases “˜Environmental Scan’ of Housing
Minnesota’s Housing Finance Agency (MHFA) has released a report entitled, “Environmental Scan: Demographic, Economic and Market Factors Impacting Housing.”
Minnesota Releases Proposed 2012-2013 Budget Summary
The Minnesota Housing Finance Agency recently published the state’s FY 2012-2013 housing budget proposal summary.
State Historic Rehabilitation Tax Credit Outlook for 2011
NH&RA Historic Preservation Development Council Member MacRostie Historic Advisors has posted an excellent state historic tax credit update on its website.
States Release QAPs, Materials Governing 2011 LIHTC Program
Several state housing finance agencies have released varying drafts of their 2011 QAPs over the past few weeks, as well as LIHTC program materials, proposed changes and other information.
Minnesota Names Assistant Commissioner For Multifamily Business
Minnesota Housing announces the appointment of Marcia Kolb as Assistant Commissioner for Multifamily Business.
Minnesota Enacts Historic Tax Credit Law
Minnesota Governor Tim Pawlenty early this month signed into law the Minnesota Jobs Stimulus Bill (House File 2695
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.
Five Midwestern State Allocators at One Table
NH&RA announced today that a rare assemblage of five state allocators from adjoining Midwestern states will be a highlight of the Annual Meeting of the National Council of Affordable Housing Market Analysts (NCAHMA) at Chicago’s Doubletree Hotel on November 9 and 10.
HUD Announces First Round of TCAP Awards
U.S. Department of Housing and Urban Development Secretary Shaun Donovan yesterday announced that HUD has approved requests from 26 states for over $1 billion in funding through the Tax Credit Assistance Program (TCAP), provided by the American Recovery and Reinvestment Act of 2009 (ARRA).
Senator Bayh Introduces Disaster Housing Legislation
Senator Evan Bayh (D-Ind.) has proposed legislation that would make $230 million in funding immediately available to begin work on shovel-ready affordable housing developments in flood-ravaged areas of Indiana. The legislation would clarifiy that disaster housing credits in Indiana, Alabama, Arkansas, Illinois, Iowa, Kansas, Louisiana, Michigan, Missouri, Minnesota, Nebraska, Texas and Wisconsin would be eligible for the Tax Credit Exchange Program.