General News
MSHDA Executive Director To Retire
The Michigan State Housing Development Authority (MSHDA) executive director, Keith Molin, has announced that he will step away from the day-to-day responsibilities of managing the agency to facilitate the transition to a new director this fall.
LISC, Enterprise Release Report on LIHTCs in New York City
The Local Initiatives Support Corporation (LISC) and Enterprise Community Partners recently released a new report that assesses the effects of LIHTC projects throughout New York City on property values to reflect the market’s assessment of neighborhood quality.
CA Senate Committee Passes Bill to Establish State NMTC Program
California’s Senate Revenue and Tax Committee last week passed a bill (S.B. 1316) that would establish a new tax credit modeled after the federal New Markets Tax Credit (NMTC) program.
Virginia Agency Schedules Public Forum on 2011 QAP Changes
The Virginia Housing Development Authority recently announced a public forum to discuss changes to the 2011 QAP, scheduled for Wednesday, July 14, at 1:30 p.m.
Illinois Governor Signs Legislation to Double State NMTC Cap
Illinois Governor Pat Quinn this week signed a bill (S.B. 2093) into law that increases the state’s existing New Markets Tax Credit for new investment into small businesses in underserved communities.
WHEDA Releases 2010 Income & Rent Limits
The Wisconsin Housing & Economic Development Authority has released its 2010 Section 42 MTSP and HERA Special income and rents limits.
Ohio Releases Instructions for Submitting 2011 Tax Credit Application
The Ohio Housing Finance Agency has released instructions for submitting an application for tax credits through its 2011 Qualified Allocation Plan (QAP).
Illinois Solicits Feedback on 2010 QAP
The Illinois Housing Development Authority (the Authority) is soliciting feedback from the development community on all aspects of the 2010 Qualified Allocation Plan (QAP) and Low Income Housing Tax Credit (LIHTC) application process.
Idaho Releases Amended 2010 Draft QAP
The Idaho Housing and Finance Association recently released an amended version of its draft 2010 Qualified Allocation Plan (QAP).
California Updates Tax Credit & Bond Applications
The California Tax Credit Allocation Committee has updated its 2010 9% Competitive Tax Credit Application and 2010 4% Competitive Tax-Exempt Bond Application Combining Federal and State Tax Credits.
Obama Administration Announces National Plan to End Homelessness
United States Interagency Council on Homelessness (USICH) along with the Secretary’s U.S. Departments of Housing and Urban Development (HUD), Labor (DOL), Health and Human Services (HHS), and Veterans Affairs (VA) have unveiled a new plan to prevent and end homelessness.
HUD Announces End to Hold-Harmless Policy for Section 8
The U.S. Department of Housing and Urban Development (HUD) has released a notice announcing that HUD will allow Section 8 income limits to decrease beginning with the FY-2010 income limits, but will limit all annual decreases to no more than 5 percent, and limit all annual increases to 5 percent or twice the change in national median family income, whichever is greater.