General News

The California Tax Credit Allocation Committee (CTCAC) has issued a new memorandum a new scheduled Committee meeting date (June 22) to announce awards, and provides additional clarifying guidance for prospective second round applicants.

The Oregon Legislature has introduce a measure, HB 2527, that would extend the extend the sunset on the Oregon Affordable Housing Tax Credit.

The National Park Service (NPS) is amending its procedures for obtaining historic preservation certifications for rehabilitation of historic structures. Individuals and corporations must obtain these certifications to be eligible for tax credits from the Internal Revenue Service (IRS).

The AARP has issued a new report that shows growth of multigenerational households has accelerated during the economic downturn.

Nevada’s Housing Division recently announced that it will host an upcoming workshop entitled, “Affordable Housing Preservation: Preserving LIHTC Projects in Nevada on June 9 in Las Vegas.

The U.S. Department of Housing and Urban Development (HUD) is seeking comments regarding surveys to provide HUD with a way to estimate Section 8 Fair Market Rents (FMRs) in areas not covered by the American Community Survey annual reports and in areas where FMRs are believed to be incorrect.

U.S Department of the Treasury’s Community Development Financial Institutions (CDFI) Fund Director Donna Gambrell will testify before the U.S. Senate Appropriations Subcommittee on Financial Services and General Government on the President’s FY-2012 budget request for the CDFI Fund, and how CDFIs are creating jobs and transforming communities.

Fannie Mae recently released a whitepaper, “Fannie Mae and Workforce Rental Housing.” The report discusses a need nationwide for more affordable rental housing.

The Advisory Council on Historic Preservation (ACHP) recently released new guidelines to advise federal decision makers regarding sustainable federal building design, construction, operation and management, and maintenance.

Michigan Governor Rick Snyder recently made a proposal to replace the Michigan Business Tax with a flat rate corporate income tax, and, as part of the package, the proposal eliminates the state’s historic preservation tax credit. 

The Washington State Housing Finance Commission (WSHFC) recently posted the preliminary policy and program development time-line for its FY-2012 low-income housing tax credit program.

The U.S. Department of Housing and Urban Development (HUD) has issued a notice of emergency information collection soliciting comments from the public with regard to the FY-2011 Choice Neighborhoods Initiative (CNI) / HOPE VI Program notice of funding availability.