General News

Last week, the U.S. Department of Treasury announced the extension of the New Issue Bond Program (NIBP) and Temporary Credit & Liquidity Program (TCLP). The NIBP extension notice states that Housing Finance Agencies (HFAs) may extend the deadline for release of Escrowed Proceeds and use the remainder of NIBP allocations through December 31, 2012.

Thanksgiving Week is an annual chance to slow down for a moment, put aside day-to-day crises, catch our breath and spend some introspective time considering all for which we can be thankful.

As we reflect on the past year, we are thankful to you and your companies for continuing to support our collaborative nationwide effort to improve and strengthen our industry in these difficult economic times…

The University of Minnesota has released a new report entitled, “Economic Impact of Projects Leveraged by the Minnesota Historic Rehabilitation Tax Credit.” The report analyzes the economic impact of the Minnesota Historic Rehabilitation Tax Credit, which was signed into law in April 2010.

The Community Development Financial Institutions (CDFI) Fund this week released an updated data summary on projects financed by the New Markets Tax Credit (NMTC) program through fiscal year 2010.

HUD has announced policy changes that will be implemented for the Section 8 Project-Based Rental Assistance (PBRA) program in order to achieve certain savings and slow the growth of PBRA expenditures.

The Virginia Housing Development Authority (VHDA) has announced that effective January 1, 2012, only VHDA-approved market analysts will be authorized to complete market studies for Low-Income Housing Tax Credit (LIHTC) projects.

The Georgia Department of Community Affairs (DCA) has announced the 2012 Qualified Allocation Plan Application Workshop will take place Tuesday, February 28, 2012 from 9:00 am to 4:00 pm at the Cobb Galleria Centre in Atlanta, GA.

Community Development Financial Institutions Fund (CDFI Fund) has updated its Frequently Asked Questions document on New Markets Tax Credit Compliance and Monitoring.

The California Tax Credit Allocation Committee (CTCAC) has released the proposed changes to the state’s Qualified Allocation Plan (QAP) for Low-Income Housing Tax Credits (LIHTC) and has announced the schedule for four public hearings regarding those revisions.

The Wisconsin Housing Economic & Development Authority (WHEDA) recently released a multifamily program notice regarding the 2012 LIHTC program cycle and emerging business/workforce development program.

HUD’s Office of Policy Development & Research has published the latest version of its U.S. Housing Market Conditions. Published quarterly, the report is a compilation of statistical data and written reports.

The Texas Department of Housing and Community Affairs (TDHCA) has announced the 2012 Multifamily Application Workshop schedule for those wishing to apply for Low-Income House Tax Credits (LIHTC).