Pennsylvania

U.S. Senator Kirsten Gillibrand (D-NY) recently introduced the Irene and Lee Tax Relief Storm Recovery Act (S. 3243) which would expand access to the LIHTC and provide affordable housing to families who lost their homes due to destruction caused by Hurricane Irene and Tropical Storm Lee.

HUD’s Economic and Market Analysis Division has released Comprehensive Housing Market Analyses for Fort Worth-Arlington, Texas; Houston, Texas; and Reading, Pennsylvania.

The Pennsylvania State Senate recently passed a bill, SB 1150, that would create a State historic tax credit program.

Representative Chris Gibson (R-NY) recently introduced the Irene and Lee Tax Relief Strom Recovery Act, H.R. 3769, which would increase the amount of Low-Income Housing Tax Credits (LIHTCs) to be allocated in states damaged by Hurricane Irene or Tropical Storm Lee in 2011.

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.

HUD’s Department of Policy Research & Development has published three more Comprehensive Housing Market Analyses for State College, Pennsylvania; Victoria, Texas; and New Orleans, Louisiana.

The Internal Revenue Service (IRS) issued Notice 2011-83 to grant certain low-income housing tax credit (LIHTC) properties relief from certain requirements to provide emergency housing relief needed as a result of the devastation caused by Hurricane Irene or Tropical Storm Lee in Pennsylvania.

The Philadelphia Housing Authority (PHA) has announced it will be auctioning approximately 400 scattered site properties, consisting of vacant buildings and lots, which have been approved for sale by HUD.

The Internal Revenue Service (IRS) has issued Notice 2011-83 to announce the suspension of certain requirements for low-income housing tax credit projects in order to provide emergency housing relief to individuals affected by Hurricane Irene and/or Tropical Storm Lee in Pennsylvania.

The Pennsylvania Housing Finance Agency (PHFA) has provided clarification on utility allowances for 2012 Multifamily Housing Program applicants. The notice does not change the application, rather provides further guidance on acceptable utility allowance submissions.

The Pennsylvania Housing Finance Agency (PHFA) announced an information session for the 2012 PennHOMES and Low-Income Housing Tax Credit (LIHTC) Funding Round on Thursday, September 15, 2011 at the Crown Plaza Harrisonburg Hotel.

Pennsylvania Housing Finance Agency will be holding an information session for its 2012 PennHOMES/Low Income Tax Credit Programs on Thursday, September 15, 2011.