News
NY State Senate, Assembly Pass Bill to Boost Historic Tax Credit Cap
The New York State Assembly and Senate have passed legislation (A. 9110/S. 6134) that increases the maximum amount of state historic tax credits that may be awarded to any one project from $5 million to $12 million, and encourages the revitalization of large historic properties across the state.
DC Mayor Appoints Michael Kelly to Lead DHCD
Washington, DC Mayor Vincent Gray recently named Michael Kelly as Director of the District of Columbia Department of Housing and Community Development.
GAO Releases Report on Achievement of Spending Deadlines for Recovery Act Exchange/TCAP Programs
A new GAO report examines public housing agencies and localities’ use of Recovery Act Public Housing Capital Funds, and reports on the progress that PHAs and housing finance agencies have made in spending grant funds.
Baltimore Housing Announces Summer 2012 NOFA Funding Round
Baltimore Housing, a collaboration between the Baltimore City Department of Housing and Community Development (HCD) and the Housing Authority of Baltimore City (HABC), has announced the Summer 2012 NOFA funding round for housing and community development projects.
Massachusetts Institutes Pre-Application Process for Fall 2012 LIHTC Funding Round
The Massachusetts Department of Housing and Community Development (DHCD) has issued a notice detailing new actions taken to lessen the administrative burdens and improve the application process for the Fall 2012 LIHTC allocation application round.
NH&RA Spring Developers Forum PowerPoints & Materials
PowerPoint presentations and conference materials from our 2012 Spring Developers Forum are available for download.
Texas Solicits Feedback about Section 811 PRA Demo Program
The Texas Department of Housing and Community Affairs (TDHCA) is seeking public comment and holding a series of roundtables to gather input from affordable housing stakeholders so TDHCA may develop a competitive application to HUD for the Section 811 Project Rental Assistance (PRA) Demonstration Program.
ND Legislature Allowing Individuals to Contribute to Housing Incentives Fund
The North Dakota Legislature recently set a $15 million maximum threshold to the North Dakota Housing Finance Agency’s (NDHFA) Housing Incentives Fund (HIF), which is capitalized by contributions from state income and financial institution taxpayers in order to develop affordable multifamily housing.
TDHCA Issues Notice Requiring Bond Applicants to Submit Pre-Inducement Questionnaire
The Texas Department of Housing and Community Affairs (TDHCA) has issued a notice stating that Private Activity Bonds applicants are now required to submit a Pre-Inducement Questionnaire prior to submitting the bond pre-application.
New House Bill Would Boost Rates for Historic Tax Credit
Representative McKinley (R-WV) on June 8 introduced the “Preserving America’s Downtowns and Heritage Act of 2012″ (HR 5930) which would amend Section 47(a) of the Internal Revenue Code of 1986 to boost rates for the historic rehabilitation tax credit (HTC) and the non-historic rehab tax credits.
NY Commercial Tax Credit Case Studies Examines the Plantation Building in Ithaca, NY
The Preservation League of New York State has developed a series of commercial tax credit case studies to illustrate the positive impact of the New York State Rehabilitation Tax Credits.
New Comprehensive Housing Market Analyses Available
HUD’s Economic and Market Analysis Division regularly publishes Comprehensive Housing Market Analysis reports for regions across the country.