General News
Congressional Tax Reform Proposal Creates Major Changes to LIHTC, HTC, & Energy Tax Credits
On Wednesday February 26, House Ways & Means Committee Chairman Dave Camp (R-Mich.) released his long-awaited draft Tax Reform Act of 2014. The draft legislation contains many significant provisions relating to the Low-Income Housing Tax Credit and would also repeal the Historic Rehabilitation Tax Credit and various renewable energy credits.
NH&RA Announces Pennsylvania “Preservation Through Energy Efficiency” Event, a Major Energy Efficiency Initiative Supported by the MacArthur Foundation
WASHINGTON, DC ““Â National Housing & Rehabilitation Association (“NH&RA”) will convene its first Preservation Through Energy Efficiency Road Show (“Road Show”) on April 3 at the Hub Cira Centre in downtown Philadelphia, PA….
2014 California QAP: Final Version Available
Last week, California Tax Credit Allocation Committee (TCAC) released the final proposed changes to the 2014 California Qualified Allocation Plan (QAP).
CDFI Fund Seeks Comments on Allocation Application
Community Development Financial Institutions Fund (CDFI Fund) released a notice in the Federal Register soliciting comments concerning the New Markets Tax Credit (NMTC) Program Allocation Application.
UPDATE – Ohio 2014 QAP: Final Draft QAP Released
The Ohio Housing Finance Agency (OHFA) released the final draft 2014 Qualified Allocation Plan (QAP).
Chicago Releases Five-Year Housing Plan
For over 20 years, The City of Chicago Department of Housing and Economic Development (HED) releases a five-year Qualified Allocation Plan (QAP) for Chicago and this year the 2014-2018 plan will be approved….
UPDATE: 2014 Illinois QAP: Final QAP Available
The Illinois Housing Development Agency (IHDA) released the 2014 Final Illinois QAP.
In Development: Michigan Historic Preservation 5-Year Plan
The Michigan State Historic Preservation Office is in the process of developing the state’s next five-year historic preservation plan.
Wisconsin Enacts Legislation Increasing the Credit Rate for State Historic Credit
Historic preservation transactions in Wisconsin received a great boost when Wisconsin Governor Scott Walker last month signed Assembly Bill (AB) 4 into law, which allows for an increase in the amount tax credits for the substantial rehabilitation of historic buildings.
HUD Memo Outlines Section 236 Prepayment Procedures and Tenant Notification Requirements
As many of the Section 236 mortgages in HUD’s portfolio reach maturity within the next few years, the agency has begun reaching out to owners to try to discourage them from opting out of the program at the mortgage maturity date. HUD believes that opting out of the program would entice owners to significantly raise rents at these 236 properties, impacting many low-income tenants who currently reside there.
Jolene Kline Appointed Executive Director of North Dakota Housing Finance Agency
Jolene Kline was recently Appointed Executive Director of North Dakota Housing Finance Agency (NDHFA). Jolene has served as the interim executive director since the retirement of Mike Anderson in May. She has been with NDHFA since 19and was in 2006 was selected as the first director of NDHFA’s planning and housing development division, which is charged with helping communities address housing shortages and unmet needs.
Draft 2014 State of Texas Low Income Housing Plan & Annual Report
Texas Department of Housing and Community Affairs (TDHCA) released the Draft 2014 State of Texas’ Low Income Housing Plan and Annual Report which serves as a comprehensive reference on statewide housing needs, housing resources, and strategies for funding allocations.