A. J. Johnson Author Archives

AFTER AN UNSUCCESSFUL ATTEMPT to win regulatory relief from the U.S. Securities and Exchange Commission (SEC), a coalition of housing groups now expects to pursue passage of federal legislation to ease stricter new audit requirements for certain lowincome housing tax credit (LIHTC) partnerships.

THE U.S. Department on Housing and Urban Development (HUD) on 11/19/07 published a final rule in the Federal Register that lifts a previous limitation that restricted the HUD Section 8 project-based voucher rent to the low-income housing tax credit (LIHTC) rent for units assisted by vouchers and credits.

THE U.S. DEPARTMENT OF AGRICULTURE’S Rural Development Office of Multi-Family Housing estimates that 4,250 Section 515 affordable rural housing properties “will physically deteriorate to the point of being unsafe or unsanitary within the next few years.”

A NEW STUDY CONCLUDES THAT low-income housing tax credit (LIHTC) rents could stay flat for years in hundreds of communities across the U.S.

THE USE OF HOUSING credits and a little-known Fannie Mae program is enabling a public housing agency in Jackson, TN, to fund the comprehensive rehabilitation of an older small public housing property for elderly and disabled residents.

AS THE FIRST SESSION OF THE 110th Congress drew toward a close before year-end, supporters of transferred to 2008 their expectations for action by Congress on legislation to amend the federal low-income housing and historic rehabilitation tax credit programs, and to extend the federal new markets tax credit.

Tennessee’s governor has signed the state’s final QAP for its 2008 low-income housing tax credit program.

The Maryland Department of Housing and Community Development has announced that 4/1/08 will be the application deadline for its Spring 2008 Competitive Funding Round, which will offer low-income housing tax credits.

The New Jersey Housing and Mortgage Finance Agency has issued its proposed 2008 qualified allocation plan (QAP) for its low-income housing tax credit program, and is accepting written comments on it through 4/19/08.

The National Trust for Historic Preservation and HUD are soliciting nominations by 3/1/08 for the 2008 HUD Secretary’s Award for Excellence in Historic Preservation.

The National Low Income Housing Coalition has created a Web site, called Housing 2008 (http://www.housing2008.org), that provides links to the various housing positions of the individual 2008 Democratic and Republican presidential candidates.

President Bush on 12/26/07 signed into law a consolidated omnibus spending bill (H.R. 2764) to fund federal departments and agencies for the rest of the fiscal year (FY 2008) ending 9/30/08.