News

The Texas Department of Housing and Community Affairs (TDHCA) recently released the schedule for six public hearings to gather public comment on the 2013 Competitive Housing Tax Credit Applications.

Proposed amendments, a new rule, re-proposed amendments, re-proposed new rules, and a re-proposed repeal to the 2013 Qualified Allocation Plan were published in the New Jersey Register on March 18, 2013.

After months of stalemate on December 31 (US Senate) and January 1 (US House of Representatives) respectively, has passed HR 8, The American Taxpayer Relief Act, which addresses the tax provisions of the “fiscal cliff.” The legislation is expected to be signed into law by President Obama imminently. The legislation includes a number of tax extenders including extensions of most of the expiring “Bush-era” income tax rates, a permanent “patch” for the alternative minimum tax, and most notably for NH&RA members extensions of the New Markets Tax Credit and the fixed 9 percent rate for the Low-Income Housing Tax Credit through 2013. The measure also postpones sequestration, automatic spending cuts to government spending that was set to occur in January, by two months to allow time for further negotiation.

NH&RA member firm, Nixon Peabody recent released an article detailing the potential threats of the looming sequestration cuts.

The National Housing & Rehabilitation Association, in association with the National Trust Community Investment Corporation, honored developers, architects and historic preservation professionals that brought new life to ten historic buildings through its awarding of the 2012 J. Timothy Anderson Awards for Excellence in Historic Rehabilitation.

Bernie Husser, Executive Vice President of The Richman Group Affordable Housing Corporation, and head of its Boston office, was elected Chairman of the Board of Directors of the National Housing & Rehabilitation Association (NH&RA) at NH&RA’s 2013 Annual Meeting in Miami Beach.

The New Hampshire Housing Finance Authority has released s draft of their 2014 Qualified Allocation Plan (QAP) with Appendices.  The QAP defines the process by which New Hampshire Housing Finance Authority will allocate federal Low Income Housing Tax Credits to developers.

The Affordable Rental Housing A.C.T.I.O.N. (A Call to Invest in Our Neighborhoods) network has released a series of District Fact Sheets and Key Member Fact Sheets detailing the success of the program in every Congressional district.

The Missouri State Senate recently approved a measure (SB 120) to amend the state’s Historic Preservation Tax Credit (HPTC) program.

The Georgia General Assembly recently introduced the Georgia Prosperity Through Preservation Act (HB 308), which relates to modifying the state’s Historic Rehabilitation Tax Credit program.

The District of Columbia Historic Preservation Office (HPO) recently announced the publication of a study entitled “Leveraging Federal Economic Development Resources with State Historic Rehab Tax Credits”.

The Department of Veterans Affairs (VA) recently released a notice in the Federal Register which adopts as a final rule proposed rule to amend the VA regulations concerning the Homeless Providers Grant and Per Diem Programs.