The bill models after the Low-Income Housing Tax Credit, one key difference being income restrictions, which are set at 100 percent or less of area median income. The credit would provide 50% of qualified basis.
The further guidance recently published by HUD builds on a 2006 supplementary guide and makes changes to that language.
Following a sixty day comment period back in May (in which NH&RA’s RAD Group submitted comments), HUD has now opened the thirty day comment period to consider changes made since then.
34 finalists from a pool of 87 nominees were selected for the 12th annual awards, with 10 projects receiving awards. Congratulations to our members!
The FY 2016 round moves the CDFI Fund past the $2B mark in investments to CDFIs and Native CDFIs through the CDFI and NACA Programs.
The law firm is proud to announce that due to remarkable growth, two new attorneys have joined the team, both with extensive affordable housing experience: