General News
NMTC QLICI Mapping Tool by State
NH&RA member firm, Novogradac & Company, recently released a mapping tool that shows the total number and locations of New Markets Tax Credits (NMTC) qualified low-income community investments (QLICIs) in each U.S. state and territory.
New Report: NMTC Program Supports the Most Economically Distressed Communities
A new report conducted by the New Markets Tax Credit Coalition finds that the New Markets Tax Credit (NMTC) has spurred private investment in economically distressed communities to finance a wide range of businesses, create jobs, and jump start local economies.
House Subcommittee Holds Hearing on FHA Multifamily Insurance Programs
The House Financial Services Subcommittee on Insurance, Housing and Community Opportunity on Thursday June 7 held a hearing on strengthening the Federal Housing Administration’s (FHA) affordable multifamily insurance programs.
TDHCA to Host Roundtable Discussion on 2013 QAP
The Texas Department of Housing and Community Affairs (TDHCA) will host a roundtable discussion on Friday, June 15, 2012 from 9:00 am to 1:00 pm to solicit feedback regarding possible changes to the 2013 Qualified Allocation Plan (QAP), HOME, Multifamily Revenue Bonds, NSP and General rules.
Massachusetts Department of Revenue Releases Tax Credit Transparency Report
The Massachusetts Department of Revenue (DOR) has released the first-ever Massachusetts Tax Credit Transparency Report.
CTCAC Provides Guidance to Second Round LIHTC Applicants
The California Tax Credit Allocation Committee (CTCAC) recently issued a memo providing additional clarifying guidance for prospective second round applicants.
HUD Plans to Release New PNA, Energy Audit Requirements
This summer, HUD will be issuing new requirements that will synchronize Physical Needs Assessments and Energy Audit into the Green Physical Needs Assessment (GPNA), and will require measuring the cost effectiveness of energy conservation measures.
HUD Publishes New Comprehensive Housing Market Analysis Reports
HUD’s Economic and Market Analysis Division regularly publishes Comprehensive Housing Market Analysis reports for regions across the country.
HUD Publishes Green Building Matrix
HUD’s Sustainable Communities Resource Center has developed a matrix to measure the Savings of Green Building Technologies. The matrix highlights 10 proven and affordable green building technologies organized into four categories: Building Envelope, HVAC, Management and Use, and Water.
UPDATE: Vote for California Affordable Housing Trust Fund Legislation SB 1220 Fails in State Senate
California Senate President Pro Tempore Darrell Steinberg (D-Sacramento) and Senator Mark DeSaulnier (D-Concord) recently introduced legislation in the California State Senate that would create a permanent funding source for California’s Housing Trust Fund, which has not had a permanent funding source since the fund’s passage in 1985.
Sen. Gillibrand Introduces Legislation to Expand Access to LIHTC for Storm Victims
U.S. Senator Kirsten Gillibrand (D-NY) recently introduced the Irene and Lee Tax Relief Storm Recovery Act (S. 3243) which would expand access to the LIHTC and provide affordable housing to families who lost their homes due to destruction caused by Hurricane Irene and Tropical Storm Lee.
Texas Submits QAP Remedial Plan to Federal Court
The Texas Department of Housing and Community Affairs (TDHCA) has submitted a remedial plan to address the recent Fair Housing Act (FHA) violations which were brought against the agency earlier this year by Inclusive Communities Project, Inc.