Federal / Agency News

The U.S. Department of the Housing and Urban Development (HUD) is conducting a national study of Disaster Housing Assistance Program (DHAP) families who transitioned from stepped-up rents and $0 rent to market rate or assisted housing and to track their housing, employment, and financial outcomes over time.

U.S. Representatives Erik Paulsen (R-Minn.) and Ronald Kind (D-Wis.) last week introduced the Renewable Energy for a Brighter Future Act (H.R. 2391).

An new report by The Real Estate Roundtable, the U.S. Green Building Council and the Natural Resources Defense Council finds that the Obama Administration’s Better Building Initiative would create more than 114,000 private-sector jobs, 77,000 of which would be in the construction industry.

Please join us July 21-24 at the Harbor View Hotel on Martha’s Vineyard for three days of thought provoking sessions, invaluable networking and relaxation. We will also be hosting our Summer New Markets Tax Credit Symposium immediately prior to the Summer Institute on Wednesday, July 20.

The IRS has issued a notice of proposed rulemaking and an advance notice of rulemaking for the federal new markets tax credit program, proposing some changes to the program’s rules and soliciting public comments on these and on a series of questions.

Senator Jay Rockefeller (D-WV), a senior member of the Senate Finance Committee, introduced a bill last week to extend the New Markets Tax Credit (NMTC) for five years and provide $5 billion for the program annually.

The proposed GOP FY-2012 budget resolution released last week proposes a number of cuts and policy option to cut discretionary.

The proposed GOP FY-2012 budget resolution released last week proposes a number of cuts and policy option to cut discretionary.

NH&RA is pleased to announce our Winter, Spring & Summer Calendar. Events including our Winter New Markets Tax Credit Symposium, 2011 Annual Meeting, Spring Policy & Underwriting Forum, Spring Developers Forum, Summer Institute and Summer New Markets Tax Credit Symposium.

NH&RA thanks Harold Berk for the following update on a recent Fourth Circuit Court decision impacting state tax credit structures.

U.S. Senator Debbie Stabenow (D-MI) recently introduced an amendment to S. 493 that would extend the Section 48C Advanced Energy Manufacturing Tax Credit program.

Novogradac & Company is reporting that the U.S. Court of Appeals for the Fourth Circuit today published an opinion in the case of Virginia Historic Tax Credit Fund v. Commissioner of Internal Revenue that reverses the December 2009 U.S. Tax Court opinion.