News
Committee on Taxation Releases Report on Real Estate Tax Incentives
The staff of the Joint Committee on Taxation has released a report summarizing the various tax code breaks and incentives for residential real estate in advance of the upcoming House of Representatives Committee on Ways and Means public hearing entitled “Tax Reform and Residential Real Estate,” which is scheduled for Thursday, April 25, 2013 at 9:30 am.
Missouri Announces 2014 QAP Conference Call
The Missouri Housing Development Commission has announced that they will be hosting a conference call for all interested parties to discuss plans for changes to the Missouri Qualified Allocation Plan.
Ohio Releases Drafts of 2013 Gap Financing and Capital Improvement Program Guidelines
The Ohio Housing Finance Agency (OHFA) has released a Housing Credit Gap Financing (HCGF) Guidelines draft.
Maryland Releases Second QAP Draft
The Maryland Department of Housing and Community Development has released their second draft of the proposed 2013 Qualified Allocation Plan (QAP).
Kentucky Releases Finalized QAP and Score Sheet
The Kentucky Housing Corporation has released the final 2014 Qualified Allocation Plan and draft scoring criteria.
IRS Issues Guidance on Beginning of Construction for Eligible ITC/PTC Projects
The Internal Revenue Service (IRS) yesterday released Notice 2012-39 to provide guidelines and a safe harbor to determine when construction has begun on a facility eligible to receive the renewable electricity production tax credit (PTC) or the energy investment tax credit (ITC).
WHEDA Announces Informational Sessions for the New LIHTC HIPR Program
The Wisconsin Housing and Economic Development Authority (WHEDA) has announced that it will be hosting two informational sessions about the policy goals, application guidelines, and selection process for their new LIHTC & High Impact Project Reserve (HIPR) program.
New Jersey LIHTC Application Due Dates
The New Jersey Housing and Mortgage Finance Agency has announced the deadline to submit applications for the 9% Tax Credit round.
FHA Commissioner Releases FHA Budget Statement
HUD’s FHA Commissioner, Carol Galante, recently released a statement on President Obama’s FY 2014 HUD budget request. According to Galante, “the President’s budget demonstrates how we can invest in the things we need to grow our economy, create jobs and strengthen the middle class while further reducing the deficit in a balanced way.”
New Census Bureau Report Details Multifamily Vacancy Rates
The U.S. Census Bureau recently released a report entitled “Rental Housing Market Condition Measures: A Comparison of US Metropolitan Areas” which details rental data collected via the American Community Survey (ACS) between 2009 and 2011.
U.S. Reps Urge Support of Previously Introduced Sandy Supplemental Relief Measure
Senators Charles Schumer (D-NY) and Robert Menendez (D-NJ) recently announced they are set to introduce the Hurricane Sandy and National Disaster Tax Relief Act of 2012. In addition, the Obama Administration recently sent a $60.4 billion supplemental spending request to Congress that details means for responding to Hurricane Sandy.
Sally Jewell Confirmed as New Interior Secretary
The US Senate recently confirmed Sally Jewell, the former CEO of Recreational Equipment, Inc. (REI), a sporting goods store, as Secretary of the Department of Interior (DOI) by a vote of 87-11.