News
Senate Democrats Unveil Comprehensive Infrastructure Plan, Affordable Housing Included
The $1 trillion plan aims to create over 15 million jobs, and addresses issues including broadband internet, downtown revitalization, water and sewer, schools, roads and bridges, and also includes investments for public and affordable housing.
HUD Solicits Public Comment on Expanding Moving to Work Program, Comments Due March 24
Public comment is currently being requested for the draft Operations Notice which deals with implementation of the MTW program in expanding it to another 100 PHAs over the next seven years.
Treasury Secretary Nominee Steve Mnuchin Non-Committal on LIHTC and NMTC
Treasury Secretary Nominee Steve Mnuchin was tepid towards both tax credit programs.
Sarasota Housing Authority Director William Russell to lead HUD on Temporary Basis
The former HUD deputy assistant secretary for public housing has been tapped by the Trump transition team to lead HUD on a temporary basis and serve as special adviser to the incoming HUD secretary.
Dr. Ben Carson One Step Closer to Confirmation
The HUD Secretary Nominee received a unanimous vote from the Senate Committee on Banking, Housing and Urban Affairs.
How Would Tax Reform Affect HTC Investors’ GAAP Financials?
In his article, Mike Novogradac predicts the implications of potential tax reform on generally accepted accounting principles for the Historic Tax Credit – and how those implications differ from the LIHTC.
HUD Implements HOTMA Changes to Housing Choice Voucher and Project-Based Voucher Programs
The effective date of these changes is April 18, 2017, while comments are due by March 20, 2017.
HUD Announces $15 Million to Test New Approach to Help Low-Income Seniors Age in Place
The initiative will fund select owners of HUD-assisted senior housing developments to help their low-income senior tenants to age in their own homes and delay or avoid the need for nursing home care.
HUD Implements Family Income Reviews Under FAST Act
Multifamily Housing expects to issue an interim final rule in the near future that amends the regulatory language to implement the Fixing America’s Surface Transportation (FAST) Act.
LIHTC Receives Praise During Dr. Carson’s Confirmation Hearing
Dr. Ben Carson, the nominee for HUD Secretary, underwent a confirmation hearing before the Senate Committee on Banking, Housing, & Urban Affairs on January 12, 2017.
NMTC Coalition Sign-On Letter Urges Congress to Preserve the Tax Credit
The New Markets Tax Credit Coalition is circulating a sign-on letter urging Congress to preserve the New Markets Tax Credit (NMTC) if tax reform moves forward. NH&RA has signed on and urges its members to do the same.
Robinson & Cole Sustainability Practice Center Releases 2017 Green Tax Incentive Compendium
A downloadable PDF of the January 2017 Green Tax Incentive Compendium is available on the R+C Sustainability Practice Center LinkedIn website.