State Tax Credits
Georgia Designates 9 Communities as Rural Zones – State Tax Credits Available
The state has designated the communities of Bainbridge, Commerce, Cornelia, Fitzgerald, Jonesboro, Nashville, Perry, Springfield, and Toccoa as Rural Zones, a new program enacted by the legislature in 2017.
Colorado: Bill Introduced to Extend State LIHTC
SB-007 proposes to extend the state LIHTC program through 2024. It also proposes to rename the program the Colorado Affordable Housing Tax Credit to coincide with renaming efforts at the federal level. SB-007 has been assigned to the Senate Finance Committee. Affordable housing advocates are encouraged to contact members of the Senate Finance Committee (listed […]
Missouri Ends State Housing Tax Credits
Housing advocates say the decision will only exacerbate the state’s affordable housing need.
West Virginia Legislature Approves Increase for State Historic Tax Credit Program
The West Virginia House of Delegates and State Senate approved House Bill 203 which expands the state’s historic tax credit program from 10% to 25% of qualified rehabilitation cost for expenditures made after December 31, 2017. Provisions in the legislation expire on December 31, 2022. West Virginia Governor, Jim Justice, is expected to sign the […]
Wisconsin Gov. Scott Walker Proposes Capping State Historic Tax Credit
In 2016, $51.6 million in tax credits were awarded to 34 projects; Gov. Walker proposes capping the credit to $10 million.
California: Legislation Proposed to Increase State LIHTC to $300M
AB71 would fund the increase by ending the state mortgage interest rate deduction for second homes.
Illinois Donation Tax Credit Passes Both Houses, Awaits Signature
On December 1, 2016, the Donation Tax Credit passed out of the Senate with a vote of 54-0.
District of Columbia Enacts New LIHTC Program
The District of Columbia’s fiscal year (FY) 2015 Budget Support Emergency Act, which became effective on October 1, 2014, implements a low-income housing tax credit (LIHTC) for the District of Columbia.
Wisconsin Lifts Moratorium on State Historic Credit
Last December, Wisconsin Act 62 created a 20 percent tax credit for rehabilitation of certain historic properties…
State News Week of July 14: Pennsylvania Senate Considers Expanding Affordable Housing Funds
State Senator Elder A. Vogel Jr. (R-47th District) and a bipartisan group of Pennsylvania State Senators sponsored a bill to expand the Pennsylvania Housing Affordability and Rehabilitation Enhancement Fund, commonly known as the State Housing Trust Fund….
Spring NCHMA Meeting Conference Materials
All conference materials, PowerPoint presentations, relevant articles, reports, memos, etc. from the 2014 Spring NCHMA Meeting are available below under the relevant session titles. Click below to learn more about the topics that were covered at the meeting! Conference Recordings of each session will be available in NH&RA’s Online Store following the conference. NCHMA Resource: […]
State News Week of June 9: QAP Deadlines in Oregon, Wyoming, & More
QAP and Funding Deadlines