General News
State News Week of April 21: HOME Income Limits, Tax Credit Round in Minnesota, and More!
QAP Deadlines Minnesota: Minnesota Housing announced the availability of an estimated $70 million in funding through the 2014 consolidated Request for Proposals (RFP) and $12.5 million in 2015 Housing Tax Credits (Round 1). The application deadline is June 10, 2014 by 5:00 PM.
New Bill Would Increase LIHTC, NMTC, HTC Allocations in Disaster Areas
Senator Charles Schumer (D-NY) recently introduced the National Disaster Tax Relief Act of 2014 (S. 2233), a bill which would increase the Low-Income Housing Tax Credit (LIHTC), New Markets Tax Credit (NMTC), and Historic Rehabilitation Tax Credit (HTC) allocations in states that include a federally declared disaster area in 2012 or 2013.
National Park Service Updates HTC Application Materials
The National Park Service (NPS) Technical Preservation Services recently released a revised Historic Preservation Certification Application, new PDF application forms, and the full implementation of the Pay.gov fee payment system.
State News Week of April 14: Public Hearings in Iowa, Oregon, & Minnesota
QAP Drafts & Public Hearings The Iowa Finance Authority is hosting a public forum to provide developers and interested parties an opportunity to provide recommendations for the 2015 Qualified Allocation Plan (QAP) – 4% Tax Credits with Tax-Exempt Bonds on May 5, 2014. The Draft Oregon 2014 QAP is available and you may view the […]
HUD Announces Modification to Multifamily Transformation Process
Deputy Assistant Secretary Ben Metcalf from HUD recently announced changes to the Multifamily Housing Transformation, an agency plan for modernizing the HUD business model, involving Asset Management.
HUD Announces Multifamily MIPs to Remain Unchanged in FY-15
HUD has issued a notices announcing that the mortgage insurance premiums for FHA’s Multifamily, Health Care Facilities and Hospital mortgage insurance programs that have commitments to be issued or reissued in FY-15 will remain the same as in FY-14. Multifamily programs covered by the notice include:
Obama Nominates Two Women for Senior Level HUD Positions
President Obama recently submitted his nominations for two key posts at the Department of Housing and Urban Development (HUD), nominating Nani A. Coloretti for Deputy Secretary, the second most senior position at the agency, and Erika Moritsugu for Assistant Secretary for Congressional and Government Affairs.
UPDATE: Sens. Johnson and Crapo Release Housing Finance Reform Discussion Draft
Senate Banking Committee Chairman Tim Johnson (D-SD) and Ranking Member Mike Crapo (R-ID) recently released a discussion draft for bipartisan housing finance reform….
Bill to Better Align Ohio State NMTC with Federal Program Introduced
Ohio Representative Terry Boose (R-District 57) from the Ohio House of Representatives recently introduced H.B. 478 a bill which would significantly modify and improve the state New Markets Tax Credit (NMTC) program.
The State of LIHTC: Weigh-In with NH&RA
On Wednesday, January 28, President Obama presented his 2014 State of the Union address to a joint session of Congress, offering several domestic policy proposals focused on expanding opportunity. Noticeably absent from his remarks was how access to safe, decent affordable housing is cornerstone to the expansion of economic and social opportunity…
Fiscal 2014 Appropriations Compromise Presents Winners & Losers
A recently released bipartisan spending measure funds U.S. Department of Housing and Urban Development (HUD) programs at $45.46 billion, increasing funding for certain programs such as the Project-Based Rental Assistance and Tenant Based Rental Assistance programs over FY 2013 post-sequestration levels, but dramatically altering the landscape for others, in particular the Rental Housing Demonstration (RAD) program.
One Step Closer to Creation of Oklahoma State LIHTC
The Oklahoma Affordable Housing Act (H.B. 3099) recently passed the Oklahoma State House of Representatives by a margin of 75-13, and has now moved to the Senate Finance Committee for consideration….