General News
HUD Releases Updated Vacancy Data
The U.S. Department of Housing and Urban Development (HUD) has released an update of the Metropolitan Area Quarterly Residential and Business Vacancy Report based on the HUD Aggregated USPS Administrative Data for the third quarter of 2010.
Ohio Releases Updated Cost Certification Documents
The Ohio Housing Finance Agency released the final drafts of the cost certification guidelines and forms that will apply to any project receiving ARRA or NSP funds and any project receiving an allocation of Housing Tax Credits in 2010 or later.
Developer Profile: Nancy Rase and Homes for America, Blending the For-Profit and Nonprofit Worlds
Tax Credit Advisor – November 2010 – Nancy Rase, president of Homes for America, Inc., thrives on the demands of being an affordable housing developer.
IRS Announces LIHTC, Bond Caps for 2011
The Internal Revenue Service (IRS) has announced the inflation-adjusted low-income housing tax credit (LIHTC) and private activity bond caps for 2011.
Ohio Organization Launches Preservation Website
The Ohio Preservation Compact (OPC) recently unveiled its comprehensive website dedicated to the preservation of affordable housing in Ohio.
South Dakota Releases Draft 2011-12 QAP
The South Dakota Housing Development Authority has released its draft 2011-2012 Qualified Allocation Plan for administering the Housing Tax Credit Program.
USDA Releases Annual ARRA Report
The U.S. Department of Agriculture (USDA) on October 19 released its annual report on the American Recovery and Reinvestment Act (ARRA).
Virginia Final 2011 QAP, Program Schedule Released
The Virginia Housing Development Authority’s Board of Commissioners recently approved the proposed revisions to the 2011 Qualified Allocation Plan and released the final version on its website.
Google Investing in LIHTC Fund Set Up By U.S. Bank
Tax Credit Advisor ““ October 2010 ““ A subsidiary of U.S. Bank has arranged and will manage a proprietary $86 million low-income housing tax credit fund for search engine giant Google.
Tax Reform Panel’s Report Mentions Housing Tax Credit
Tax Credit Advisor ““ October 2010 ““ The President’s Economic Recovery Advisory Board has released a report outlining various tax reform options that mentions the low-income housing tax credit but doesn’t make any recommendation about what should be done about it.
Missouri Agency Announces New Executive Director
The Missouri Housing Development Commission’s Board of Commissioners has approved Margaret Lineberry to serve as executive director of the agency.
Louisiana Releases Strategy for Allocating Remaining TCAP Funds
The Louisiana Housing Finance Agency is in the process of implementing an initiative to allocate its remaining $1.7 million in Tax Credit Assistance Program (TCAP) funds.