On Friday, October 19 the Internal Revenue Service (IRS) issued several critical documents relating to the Opportunity Zone Incentive. This includes:
The ACTION Campaign updated its district fact sheets with new data to show the LIHTC’s impact in each congressional district. Last month they released the updated state fact sheets.
The U.S. Department of the Agriculture though the Rural Utilities Service is accepting applications for the Rural Broadband Access Loans and Loan Guarantees Program. Loans will be made available for the construction, improvement, and acquisition of facilities and equipment that will provide service at the Broadband Lending Speed in eligible rural areas with loans ranging from $100,000 to $25 million.
NH&RA member firm Dominium recently published three articles on income averaging. The first article dispels the myth that there is an income averaging ‘cliff’ when one unit on the property goes out of compliance. Rather, 40 percent of units must serve households that on average make 60 percent of the area median income.
MassHousing Honors WinnCompanies and NEI General Contracting for Their Use of Minority and Women-Owned Businesses Across Massachusetts
MassHousing has recognized the efforts of WinnCompanies and NEI General Contracting for their utilization of Minority and Women-Owned Business Enterprises (M/WBEs) in fiscal year 2018, which created economic opportunities for hundreds of working families across Massachusetts.
U.S. HUD Assistant Secretary for Community Planning and Development Neal Rackleff To Rejoin Locke Lord’s Austin and Houston Offices as Partner
Neal Rackleff, who most recently served as assistant secretary for Community Planning and Development within the U.S. Department of Housing and Urban Development (HUD), working closely with HUD Secretary Ben Carson, will rejoin Locke Lord as a partner in the Firm’s Affordable Housing and Community Development Section based in the Austin and Houston offices.