The CDFI Fund is inviting general comments concerning the “New Markets Tax Credit (NMTC) Program-Community Development Entity (CDE) Certification Application.”
Shaun Donovan, Secretary of the U.S. Department of Housing and Urban Development (HUD), on April 20 announced his department “within days” will sign an agreement to make federal weatherization program funds automatically available for use in HUD programs.
National Council of Affordable Housing Market Analysts recently convened its Spring Public Policy & Market Study Forum April 6-7 in Washington DC. This featured sessions explored the root causes of troubled properties and common sense solutions to help get them back on their feet.
HUD has issued a notice setting forth the submission requirements, eligible uses of funds, and program requirements for the Tax Credit Assistance Program (TCAP).
The Wisconsin Housing and Economic Development Authority has released a memorandum dated May 4 that describes administrative changes that will be made to its 2009 low-income housing tax credit (LIHTC) program.
The U.S. Treasury Department and Internal Revenue Service are soliciting suggestions on federal tax guidance projects that should be included on the 2009-2010 Guidance Priority List.
The Community Development Financial Institutions (CDFI) Fund has issued a new document listing and answered frequently asked questions on compliance issues under the federal new markets tax credit program.
Tax Credit Advisor, March 2009: The New Jersey Housing and Mortgage Finance Agency’s board has approved the proposed 2009 qualified allocation plan (QAP) for the agency’s low-income housing tax credit program.
Tax Credit Advisor, March 2009: The Pennsylvania Housing Finance Agency (PHFA) has issued a statement outlining specific adjustments and waivers of certain parameters and limits in its 2009 qualified allocation plan it will consider making in awarding 2009 low-income housing tax credits, to facilitate the viability of projects.
Tax Credit Advisor, March 2009: Ohio Gov. Ted Strickland in his recent “State of the State Address” said as part of his new proposed two-year state budget he will seek passage by Ohio lawmakers of legislation to create a new state new markets tax credit to promote downtown revitalization in urban areas.
Tax Credit Advisor, March 2009: The federal new markets tax credit will be giving numerous domestic violence survivors in New York City a new start in life, through the transformation of a vacant building into a new service-enriched emergency shelter tailored to address their needs.
Tax Credit Advisor, March 2009: In his proposed FY 2010 state budget, Maryland Gov. Martin O’Malley (D) said he plans to submit legislation to revise and enhance the state’s Heritage Tax Credit Program, which provides a state income tax credit equal to 20% of the qualified costs of rehabilitation for historic income-producing properties and owner-occupied homes.