General News
Mississippi Bill Allows Public Entities to Participate in NMTC Financing
The Mississippi State Legislature recently passed HB 1257 to amend Section 57-105-1 of the Mississippi Code of 1972 in order to allow certain public entities to participate in New Markets Tax Credit financing as qualified low-income businesses.
Wisconsin Releases 2013-2014 QAP Final Draft
The Wisconsin Housing and Economic Development Authority (WHEDA) has released a final draft of it 2013-2014 Qualified Allocation Plan (QAP) and Scoring Exhibit. The Board is expected to take action on the proposed QAP at its meeting on August 15, 2012.
HUD Announces Upcoming HOME Trainings
HUD will be offering several HOME training programs across the country over the next several months.
Kentucky Revises 2013 Rental Guidelines
The Kentucky Housing Corporation (KHC) has revised the 2013 Rental Guidelines to include information for its upcoming Non-Housing Credit application round. This round of applications will be for the HOME Investment Partnerships program, the Affordable Housing Trust Fund, the Small Multifamily Affordable Loan program, and a new set-aside for the Affordable Housing Trust Fund for transitional housing projects.
Maryland to Host Listening Session on QAP
The Maryland Department of Housing and Community Development (MDHCD) and TDA Consulting, Inc., the consultant for revisions to the Maryland LIHTC QAP, will be hosting a Listening Session on August 24, 2012 from 10:00am- 1:00pm at MDHCD’s office
Indiana to Host 2013 QAP Forum
On September 5, 2012 the Indiana Housing and Community Development Authority will host its 2013 QAP Forum in Indianapolis.
HUD Issues Final RAD Implementation Notice
HUD’s Office of Public and Indian Housing (PIH) recently published the final implementation notice, Notice PIH 2012-32, for its Rental Assistance Demonstration (RAD) program. RAD was authorized in the 2012 HUD appropriations bill, H.R. 2112.
IRS Publishes Proposed Changes to Utility Allowance Regulations
The Internal Revenue Service (IRS) recently released notice REG-136491-09 which proposes to amend LIHTC utility allowance regulations.
HUD Publishes Proposed FY 2013 FMRs
HUD recently released its proposed fair market rents (FMRs) for FY 2013. FMRs are used to determine payment standards for the Housing Choice Voucher (HCV) program, to determine initial renewal rents for some expiring project-based Section 8 contracts, etc.
OHFA to Host Roundtable on Expected Useful Life Standards
The Ohio Housing Finance Agency (OHFA) will host an architectural technical roundtable to gather comments and suggestions related to Expected Useful Life standards.
CDFI Fund Opens 2012 NMTC Allocation Round
The Community Development Financial Institutions (CDFI) Fund announced today that the 2012 New Markets Tax Credit (NMTC) allocation round has opened; this is the tenth award round of the program. The CDFI Fund will make up to $5 billion in tax credits available, pending Congressional authorization.
U.S. Reps Introduce Bill to Permit Renovation of Old Public Schools Using HTC
U.S. Representatives Mike Turner (R-OH) and Russ Carnahan (D-MO), recently introduced the Rehabilitation of Historic Schools Act (HR 6151) which would amend the Internal Revenue Code of 1986 to allow the federal Historic Tax Credit (HTC) to be used to renovate older public schools.