News
UPDATE: Sens. Johnson and Crapo Release Housing Finance Reform Discussion Draft
Senate Banking Committee Chairman Tim Johnson (D-SD) and Ranking Member Mike Crapo (R-ID) recently released a discussion draft for bipartisan housing finance reform….
Bill to Better Align Ohio State NMTC with Federal Program Introduced
Ohio Representative Terry Boose (R-District 57) from the Ohio House of Representatives recently introduced H.B. 478 a bill which would significantly modify and improve the state New Markets Tax Credit (NMTC) program.
The State of LIHTC: Weigh-In with NH&RA
On Wednesday, January 28, President Obama presented his 2014 State of the Union address to a joint session of Congress, offering several domestic policy proposals focused on expanding opportunity. Noticeably absent from his remarks was how access to safe, decent affordable housing is cornerstone to the expansion of economic and social opportunity…
Fiscal 2014 Appropriations Compromise Presents Winners & Losers
A recently released bipartisan spending measure funds U.S. Department of Housing and Urban Development (HUD) programs at $45.46 billion, increasing funding for certain programs such as the Project-Based Rental Assistance and Tenant Based Rental Assistance programs over FY 2013 post-sequestration levels, but dramatically altering the landscape for others, in particular the Rental Housing Demonstration (RAD) program.
Recent IRS Ruling To Have Significant Implications on Historic Tax Credit Structures; Expected to Attract Increased Investor Activity
On December 31 the Internal Revenue Service (IRS) released safe harbor guidance (Revenue Procedure 2014-12) for structuring federal historic tax credits transactions, which is expected to attract more investment activity.
One Step Closer to Creation of Oklahoma State LIHTC
The Oklahoma Affordable Housing Act (H.B. 3099) recently passed the Oklahoma State House of Representatives by a margin of 75-13, and has now moved to the Senate Finance Committee for consideration….
Colorado Bill Would Provide $15 Million Annually for State Historic Credit
A recently introduced bill in the Colorado House of Representatives, the Colorado Job Creation and Main Street Revitalization Act (H.B. 14-1311), would create a state historic rehabilitation tax credit (HTC) for qualified rehabilitation expenditures to commercial historic structures….
Over $6 Billion in HTC Investments Approved in FY 2013
The National Park Service (NPS) recently released its Fiscal Year (FY) 2013 Annual Report for the Federal Historic Preservation Tax Incentives Program, administered in partnership with State Historic Preservation Offices (SHPOs)…
2014 NH&RA Annual Meeting & Senior Housing Symposium: Conference Materials
All conference materials, PowerPoint presentations, relevant articles, reports, memos, etc. from the 2014 NH&RA Annual Meeting are available below under the relevant session titles. Click below to learn more about the topics that were covered at the meeting! Conference Recordings of each session will be available in NH&RA’s Online Store following the conference.
HUD Office of Multifamily Ambitious with 2014 Policy Goals
Ben Metcalf, Deputy Assistant Secretary for Multifamily Housing Programs recently announced the establishment of the Program Administration Office, which has developed a set of 25 policy priorities for calendar year 2014….
HUD Releases Long-Awaited Updated Section 8 Renewal Guide
HUD has released the draft revised Section 8 Renewal Policy Guide, the agency’s comprehensive guidance for renewing expiring Section 8 contracts, for public comment…
Obama’s FY 2015 Budget Requests $46.7 Billion for HUD Programs
On March 4, President Barack Obama introduced his fiscal year (FY) 2015 budget, requesting a total of $46.7 billion for Department of Housing and Urban Development (HUD) programs, as well as significant policy proposals aimed at improving the Low-Income Housing Tax Credit (LIHTC) program and a proposal to modify and permanently extend the New Markets Tax Credit.