News
CTCAC Releases Sustainable Building Method Requirements
The California Tax Credit Allocation Committee (CTCAC) recently released the Sustainable Building Method and Minimum Construction Standards for Energy Efficiency.
HUD Implements Final Disparate Impact, Anti-Discrimination Rules
HUD has issued a final rule (Docket No. FR”“5508″“F”“02) regarding disparate impact liability under the Fair Housing Act. The final rule formalize HUD’s recognition of disparate impact liability and, for purposes of providing consistency nationwide, formalizes a burden-shifting test for determining whether a given practice has an unjustified discriminatory effect, leading to liability under the Fair Housing Act.
Indiana State Senate Approves NMTC Program
Indiana State Senators Randall Head (R-District 18) and John Broden (D-District 10) recently introduced and co-sponsored the Indiana New Markets Job Act, (SB 521), which would create a state New Markets Tax Credit (NMTC) program similar to the federal NMTC.
HUD Expedites FHA Multifamily Mortgage Processing in Areas Affected by Hurricane Sandy
HUD recently issued Housing Notice 2013-05 to detail recent changes regarding processing of Federal Housing Administration (FHA) multifamily mortgage insurance applications for transactions in New York and New Jersey, the communities hardest hit by Hurricane Sandy.
Washington Announces LIHTC Public Hearing
The Washington State Housing Finance Commission will hold a public hearing on February 28th in order to discuss the allocation of federal low-income housing tax credits to sponsor multifamily residential projects.
Kentucky Releases 2014 Draft QAP and Scoring
The Kentucky Housing Corporation (KHC) has released the draft 2014 Qualified Allocation Plan (QAP0 and draft scoring criteria.
Alabama LIHTC and Home Investment Partnership Funds Applications Now Available
The Alabama Housing Finance Authority (AHFA) has announced that applications for Low-income Housing Tax Credits and HOME Investment Partnership Funds are now available.
IRS Extends Relief for Certain Tax-Exempt Bond Issuers Affected by Hurricane Sandy
Internal Revenue Service (IRS) recently announced that certain government entity issuers of tax-exempt bonds affected by Hurricane Sandy may qualify for extended time to file certain returns related to tax-exempt bonds, qualified tax credit bonds, and specified tax credit bonds.
AHTCC Accepting Nominations for Charles L. Edson Tax Credit Excellence Awards
The Affordable Housing Tax Credit Coalition (AHTCC) is accepting entries and nominations for the 19th Annual Charles L. Edson Tax Credit Excellence Awards program, which honor some of the best projects in affordable rental housing development.
Goulston & Storrs Industry Alert Details Changes to Massachusetts Affordable Housing Preservation Law
H&RA member firm, Goulston & Storrs recently released an article detailing the recent rule changes in Massachusetts that would impact preservation deals.
Application for MSHDA’s Gap Financing Program is due by March 1, 2013
The Michigan State Housing Development Authority (MSHDA) has announced that the application and Preliminary or Reduced Scope Market Study is due by March 1, 2013.
IHDA Now Accepting Applications for Affordable Advantage Mortgage
The Illinois Housing Development Authority (IHDA) is now accepting applications for their Affordable Advantage Mortgage. The mortgage was developed to address issues in the marketplace for first mortgage financing of low and moderate- income projects.