Federal / Agency News

NH&RA News

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.

General News

2015 NMTC Program Electronic Application Now Available

Community Development Entities interested in applying for New Markets Tax Credit allocation authority under the 2015 round have until 5:00 pm EST, on December 16, 2015 to submit their application.

General News

CDFI Fund Offers Further Guidance on NMTC Compliance

Community Development Financial Institutions (CDFI) Fund clarified some key aspects of compliance monitoring in a recent update to its New Markets Tax Credit Compliance Monitoring Frequently Asked Questions document.

congress-capitol

NixonPeabody: Budget bill includes partnership audit reform rules

According to a recent alert from NixonPeabody, the Bipartisan Budget Act of 2015 includes partnership audit reforms.

congress-capitol

Cuts to HOME Could Mean 36,000 Fewer Affordable Homes. Here’s How to Restore It.

Enterprise will offer guidance on engaging members of Congress to restore funding to the HOME program through a series of statewide and national webinars. The Senate Appropriations Committee’s proposed cuts to HOME would essentially defund the program.

General News

CBO Includes RAD in Updated Guide to Federal Housing Programs

The Congressional Budget Office released an updated guide to federal housing programs, entitled Federal Housing Assistance for Low-Income Households (September 2015). For the first time, the guide includes the Rental Assistance Demonstration program.

NH&RA News

IRS Releases LIHTC and Private Activity Bond Caps for 2016

The LIHTC and bond caps are the greater of $2.35 and $100, respectively, being multiplied by the state’s population, or a predetermined amount. The notice also indicates that rehabilitation expenditures will be treated as a separate new building.

NH&RA News

New Markets Tax Credit 2015 Round Could Allocate Up to $5 Billion

The U.S. Department of the Treasury’s Community Development Financial Institutions Fund released the Notice of Allocation Availability for the calendar year 2015 round of the New Markets Tax Credit Program. Applications are due December 16.

congress-capitol

House Committee Chair Wants to Improve Federal Housing Programs

House Financial Service Committee Chair Jeb Hensarling (R-TX) is looking for ways to improve HUD programs and USDA rural housing programs. Feedback is due Nov 1.

HUD

HUD Releases Operating Cost Adjustment Factors Effective February 2016

HUD established operating cost adjustment factors (OCAFs) for certain project-based assistance contracts with an anniversary date on or after February 11, 2016.

HUD

Updated RAD Quick Reference Guide Includes FSS Guidance

HUD updated the Rental Assistance Demonstration program Project-Based Rental Assistance Quick Reference Guide. The updated guide provides information on continuing Family Self Sufficiency (FSS) programs at PBRA properties.

QAP Washington

IRS Divides $2.59M of Unused 2015 LIHTCs Among 30 States

The Internal Revenue Service divided $2.59 million in unused Low Income Housing Tax Credits from calendar year 2015 among 30 states.

HUD

Due Dates Announced for Closing Mixed-Finance Transactions by End of 2015

HUD Office of Public Housing Investments issued a schedule for processing mixed-finance projects intending to close by the end of the 2015 calendar year.

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