Federal / Agency News

ICAST’s IRA & BIL Instant Benefit Estimate Calculator is now available on NH&RA’s website under the Resources section.

All conference materials, PowerPoint presentations, relevant articles, reports, memos, etc. from the 2014 NH&RA Annual Meeting are available below under the relevant session titles. Click below to learn more about the topics that were covered at the meeting! Conference Recordings of each session will be available in NH&RA’s Online Store following the conference.

A recently introduced bill (H. R. 3939) in the U.S. House of Representatives would amend certain provisions of the Internal Revenue Code, including a permanent extension of the New Markets Tax Credit (NMTC) program, in order to stimulate economic investment and create jobs…

All conference materials, PowerPoint presentations, relevant articles, reports, memos, etc. from the 2013 Fall Forum are available below under the relevant session titles. Click below to learn more about the topics that were covered at the meeting!

Multifamily housing developers, community organizations, investors, and lenders interested in affordable rental housing in New England have a new resource available that provides a comprehensive overview of current opportunities. A special report entitled “A Variety of Approaches: New England State Agencies Differ in Needs, Priorities in Their Housing Credit Programs” reviews recent and current tax credit allocation activity, project trends, and state priorities in the New England states ““Connecticut, New Hampshire, Maine, Massachusetts, Rhode Island, and Vermont.

NH&RA was please to welcome over 100 participants at the 2013 Summer Institute. All conference materials, Power Point presentations, relevant articles, reports, memos, etc. are available for download.

Senators Roy Blunt (R-MO) and Jay Rockefeller (D-WV) recently introduced a measure to make permanent the New Markets Tax Credit (NMTC) program. The NMTC program was recently extended in the fiscal cliff deal but is set to expire at the end of 2013.

The Community Development Financial Institutions Fund has released additional guidance regarding Treasury Decision (TD) 9600 issued by the Internal Revenue Service on September 28, 2012. The TD 9600 Frequently Asked Questions (FAQ) document covers programmatic and reporting changes to the New Markets Tax Credit Program regarding small business investments necessitated by the revised regulations. The guidance addresses the following questions…

The National Council of Housing Market Analysts (NCHMA), a professional association of real estate market analysts and appraisers, has announced a new version of the organization’s Model Content Standards for Rental Housing Market Studies and Market Study Index. These documents contain recommended guidelines for the content of market studies prepared by market analysts on proposed new construction or substantial rehabilitation of multifamily housing projects.

The taxpayer in the Historic Boardwalk Hall (HBH) vs. Commissioner case recently filed a petition for a Writ of Certiorari in the U.S. Supreme Court seeking reversal in the U.S. Third Circuit Court’s opinion.

NH&RA hosted nearly 150 professionals at the 2013 Spring Developers Forum May 7-8 in Marina del Rey, CA. All conference materials, Power Point presentations, relevant articles, reports, memos, etc. are available for review.

The Internal Revenue Service and Treasury Department recently announced that it will soon issue a safe harbor revenue procedure for historic rehabilitation tax credit (HTC) transactions.

The Internal Revenue Service (IRS) yesterday released Notice 2012-39 to provide guidelines and a safe harbor to determine when construction has begun on a facility eligible to receive the renewable electricity production tax credit (PTC) or the energy investment tax credit (ITC).