General News
Kansas Legislature Remove Cap on State Historic Tax Credit
Kansas Governor Mark Parkinson has signed a measure into law (SB 430) that removes the annual cap to the Kansas State Historic Tax Credit.
Financial Services Committee Releases Updated Draft Preservation Legislation
The House Financial Services Committee has released an update draft of comprehensive preservation legislation. The legislation addresses a wide-range of issues creating financing sources and mechanisms to preserve the affordability of HUD-assisted properties. The legislation is expected to be considered by the Ways & Means Committee some time shortly after the Spring recess (currently scheduled for March 29-April 9). Additionally, the legislation is expected to be a vehicle for other HUD oriented legislation including HR 4099, legislation endorsed by NH&RA’s Council For Energy Friendly Affordable Housing.
New York Announces New Online Rent Registration System
The New York State Division of Housing and Community Renewal (DHCR) today announced that owners of rent regulated apartments in New York State can now fulfill their Annual Rent Registration requirement completely online, avoiding time-consuming errors and eliminating paperwork and the need to mail forms or disks to DHCR.
Hawaii Proposes Bill to Provide Loans in Lieu of Low-Income Housing Tax Credits
The Hawaii State Legislature is considering a proposed measure that would establish a program to provide loans in lieu of low-income housing tax credits by the Hawaii Housing Finance and Development Corporation.
Obama Administration Solicits Feedback from Public on Future of Housing Finance
The Obama administration recently released a set of seven questions for public input on the future of the nation’s housing finance system, including Fannie Mae and Freddie Mac, as well as the overall role of the federal government in housing policy.
New Issue Of Cityscape Highlights HOPE VI
The research symposium in PD&R’s newest issue of Cityscape A Journal of Policy Development and Research: (Volume 12, Number 1) examines the effects of the HOPE VI (Housing Opportunities for People Everywhere) public housing revitalization program.
Michigan Schedules QAP Informational Hearing
The Michigan State Housing Development Authority (MSHDA)will hold an Informational Hearing on April 21, 2010 to take comments and suggestions for modifications to the QAP for 2011.
HUD Releases Updated Discussion Draft of Transformation of Rental Assistance Initiative
HUD has released a new discussion draft of Major Features of the 2011 Budget Proposal on Transforming Rental Assistance (TRA). TRA is a proposed multi-year initiative to preserve public and assisted housing by converting properties to a new project-based subsidy structure that includes a tenant mobility component.
LIHTC Legislative Update; Small Business Bill Could Be Vehicle
Efforts are currently underway to incorporate several tax credit provisions into the Senate small business jobs bill. Timing is uncertain; however, reports indicate that the legislation could be considered in the next two weeks.
IRS Announces Renewable Energy Inflation Adjust Factors Announced
The IRS has announced its 2010 inflation adjustment factors for Section 45 Renewable Electricity Production credits and other energy related tax credits.
Treasury Issues Report on Build America Bonds
The U.S. Department of the Treasury has released a new report showing that the Build America Bonds program has resulted in significant savings in borrowing costs for state and local governments.
Florida State NMTC Bill Reported Out Of Committee”
The Florida House of Representatives introduced legislation that would alter the state’s New Markets Development Program. The measure, House Bill 1229, passed both the Transportation & Economic Development Appropriations Committee and the Economic Development Policy Committee.