News

The Missouri Housing Development Commission (MHDC) has released a draft version of its 2013 Qualified Allocation Plan.

The Ohio Housing Finance Agency (OHFA) has begun drafting the 2013 Housing Development Gap Financing (HDGF) Guidelines, and has scheduled a Focus Group to solicit input from interested stakeholders.

The Rhode Island Public Expenditure Council (RIPEC) released a report on the costs and benefits of reinstating the Rhode Island Historic Preservation Investment Tax Credit (HPITC) program.

HUD recently released Notice PIH 2012-24 to provide guidance to Public Housing Authorities (PHAs) in determining the rent to owner for an HCV tenancy when the participant family chooses to lease a unit under the HCV program.

The IRS published a notice in the Federal Register soliciting comments regarding arbitrage restrictions on tax-exempt bonds.

In an effort to improve its outreach, training, and compliance with HUD’s rules, the Texas Department of Housing and Community Affairs (TDHCA) is soliciting information from affordable housing developers and HUD-funding recipients about their understanding of regulations and requirements governing housing program contract awards involving federal funding.

The U.S. Department of Housing and Urban Development (HUD) has published a draft Mortgagee Letter with revised requirements for Project Capital Needs Assessment (PCNA), Estimated Reserves for Replacements and Remedies for Accessibility Deficiencies.

On May 9, Alabama’s state legislature sent the proposed Alabama New Markets Development Act (HB257) to Governor Wallace’s office for approval. The bill is informed by the Federal New Markets Tax Credit and much of the language and general structure mirrors key concepts and precedent in Section 45D of the IRS Code of 1986; however, there are several notable differences.

The Center on Budget Policy and Priorities (CBPP) released a report that commended the Senate Committee on Appropriations for a few of the policy proposals in its recently approved HUD appropriations bill for FY 2013. Most notably, the Senate Committee funded Housing Choice Vouchers at $17.5 billion, which is $250 million above the Obama Administration’s request for FY 2013.

Several agencies have released a notice indicating changes to the Fixed Residential Moving Cost Schedule (FRMCS). The FRMCS was developed as a result of the Uniform Relocation Act to assist with moving payments and related expenses for people who are displaced because of Federal or federally assisted projects.

HUD’s Economic and Market Analysis Division regularly publishes Comprehensive Housing Market Analysis reports for regions across the country.

The California Tax Credit Allocation Committee (TCAC) has releases the 2012 Proposed Program Schedule, including a revised first-round award meeting date and new second round application deadline for the Low-Income Housing Tax Credit program.