Paul Connolly Author Archives
NH&RA Hosts ICAST IRA & BIL Instant Benefit Estimate Calculator
ICAST’s IRA & BIL Instant Benefit Estimate Calculator is now available on NH&RA’s website under the Resources section.
Treasury Issues New Guidelines to Speed Rental Assistance Processing
The U.S. Treasury Department released new policy guidelines Aug. 25 aimed at speeding processing of Emergency Rental Assitance Program (ERAP) funds.
House Advance Partisan Reconciliation Package
The House Aug. 24 passed the Senate-passed budget reconciliation instructions with a 220-212 party-line vote (S.Con.Res.14).
Senator Wyden to Introduce DASH Act
Senate Finance Committee Chairman Ron Wyden (D-OR) has released the text of his soon to be introduced Decent, Affordable, Safe Housing for All (DASH) Act (full text, overall summary, section by section summary).
RAD and Its Current and Projected Consumption of LIHTCs
In a new CityScape article, Alex Schwartz of the New School and Kirk McClure of the University of Kansas explore how the RAD program can “consume” LIHTCs.
NCSHA Urges IRS and Treasury to Extend Housing Credit COVID-19 Relief
NCSHA sent the Internal Revenue Service and U.S. Department of the Treasury a letter urging them to extend certain temporary Housing Credit relief provisions in light of the COVID-19 pandemic’s continuing disruption of development and construction activities and the ongoing operation of Housing Credit properties.
New York’s HONDA Act Incentivizes Adaptive Reuse of Hotels into Affordable Housing
New York becomes the latest state to pass legislation that seeks to convert distressed hotels or other commercial properties into affordable housing, creating opportunities for property owners and nonprofit organizations.
CalHFA Names Tiena Johnson-Hall Executive Director
Gov. Gavin Newsome (D) appointed Tiena Johnson-Hall as executive director of the California Housing Finance Agency (CalHFA).
California Seeks Universal Spreadsheet Standards Beta Testers
The California Tax Credit Allocation Committee (CTCAC), California Debt Limit Allocation Committee (CDLAC), California Housing Finance Agency (CalHFA) and California Department of Housing and Community Development (HCD) are working together to develop Universal Spreadsheet Standards (USS), which will streamline the process of seeking project financing.
Eugene Young Takes Helm at Delaware State Housing Authority
Eugene Young Jr. has stepped into his new role as director of the Delaware State Housing Authority.
Florida Issues RFP for Four Percent LIHTC, Modifies Three RFPs
Florida Housing issued RFA 2021-205 SAIL Financing of Affordable Multifamily Housing Developments to be Used in Conjunction with Tax-Exempt Bonds and Non-Competitive Housing Credits.
Maryland Holds 2021 QAP Listening Session – Aug. 31, Sept 1 & 7
The Maryland Department of Housing and Community Development (DHCD) will hold three listening sessions as it begins the process of updating its 2021 QAP.
Minnesota Holds Multifamily Guidance Review – Aug. 31
The Minnesota Department of Commerce will host a multifamily guidance review virtual meeting at 1 p.m. ET on August 31.