General News
Virginia Updates 2013 LIHTC Documents
The Virginia Housing Development Authority has made corrections to its 2013 Low-Income Housing Tax Credit (LIHTC) Reservation Application and updated its Rural Development Priority list.
California Releases Final Proposed 2013 Tax Credit Program Regulation Changes
The California Tax Credit Allocation Committee (CTCAC) has released a final list of its proposed substantive changes to the 2013 tax credit program regulations. CTCAC initially released its list of 23 proposed changes on October 24, 2012. After holding four public hearings and collecting public comments, CTCAC plans to proceed with nine of the originally proposed changes and amend 14 of its original proposed changes.
Texas Announces Multifamily Program Updates
The Texas Department of Housing & Community Affairs has released several updates for its multifamily housing programs.
CDFI Fund to Announce NMTC Awards in April 2013
The Community Development Financial Institutions (CDFI) Fund has announced they are currently reviewing applications submitted for the 2012 NMTC allocation round, which were due September 12, 2012. The agency estimates that the 2012 awards will be announced in April 2013.
HUD Releases HOME and the LIHTC Guidebook
HUD recently released a HOME Investment Partnership (HOME) Program and Low-Income Housing Tax Credit (LIHTC) guidebook which provides technical guidance to HOME Participating Jurisdictions (PJs) on projects that combine HOME Program funds with LIHTCs.
Senate Confirms Galante as FHA Commissioner
On Monday December 31, 2012, the Senate approved the appointment of Carol J. Galante as the Commissioner of the Federal Housing Administration (FHA) and Assistant Secretary of Housing for HUD by a measure of 69-24, with 18 of the approving votes coming from Senate Republicans.
IRS Publishes Latest LIHTC Newsletter
The Internal Revenue Service (IRS) has released it latest LIHC Newsletter, which provides a forum for networking and sharing information about Section 42, the Low-Income Housing Tax Credit, and communicating technical knowledge and skills, guidance, and assistance for developing LIHTC issues.
CohnReznick Releases Expanded Report on LIHTC Property Performance
NH&RA member firm, CohnReznick LLP recently released a study which examined the operating performance of low-income housing tax credit properties. The report, entitled “The Low-Income Housing Tax Credit Program at Year 25: An Expanded Look at Its Performance”, finds a striking imbalance between the supply and demand of affordable rental housing and confirms the critical shortage that currently exists for affordable housing.
HUD Proposes New Rule Regarding Reporting LIHTC Tenant Characteristics
HUD recently released a notice in the Federal Register requesting public comment on the form related to LIHTC tenant information collection.
PRRAC Releases Report on LIHTC Property Accessibility
A new report from the Poverty & Race Research Action Council (PRRAC) entitled “Accessing Opportunity: Affirmative Marketing and Tenant Selection in the LIHTC and Other Housing Programs” examines the accessibility of affordable housing properties for low-income and minority tenants.
Arizona Releases 2013 LIHTC Application Materials
The Arizona Department of Housing (ADOH) has released its 2013 Low Income Housing Tax Credit (LIHTC) Application Materials and Exhibits supporting the 2013 Qualified Allocation Plan (QAP).
Ohio Releases 2013 Affordable Housing Funding Application
The Ohio Housing Finance Agency has released its 2013 Affordable Housing Funding Application (AHFA) and supporting materials for applicants of the Low-Income Housing Tax Credit (LIHTC) program, Housing Development Assistance program and the Housing Development Loan program.