News
OHFA Schedules 2013 QAP Forums
Ohio Housing Finance Agency is currently drafting its 2013 Qualified Allocation Plan (QAP), and has scheduled two workshops to solicit input from the public.
CDFI Fund Releases Updated Eligibility Criteria for NMTC
The CDFI Fund recently released updated program eligibility for the New Markets Tax Credit (NMTC) Program, based on the 2006-2010 American Community Survey (ACS).
Eleven NH&RA Member Firms Selected to Participate in FHA LIHTC Pilot
NH&RA is pleased to announce that eight member firms have been selected to participate in the Federal Housing Administration’s (FHA) Multifamily Low-Income Housing Tax Credit Pilot program.
HUD Provides Guidance on Addressing Infestations in Multifamily Properties
In recently released Notice H 2012-5, HUD provides guidance to Owners, Management Agents and residents of HUD Multifamily insured and assisted properties to stress the importance of prevention, identification, and treatment of infestations in rental housing.
HUD Report Examines Units Serving Both Renter and Owner Markets
HUD has posted a new report on its HUD USER website entitled, “Housing Units that Serve Both the Renter and Owner Markets.”
HUD Announces New OHACAO Director
HUD has announced that Mr. Kerry Hickman has been selected for the position of Director, Office of Housing Assistance and Contract Administration Oversight (OHACAO).
Ohio Releases CHDO Certification Application
The Ohio Housing Finance Agency (OHFA) has released its Community Housing Development Organization (CHDO) Certification Application for the year July 1, 2012 through June 30, 2013.
GAO Releases New Report on Use of NMTCs in Urban, Rural Areas
The Government Accountability Office (GAO) has released a new report that addresses the use of new markets tax credits (NMTC) in both metropolitan and non-metropolitan areas.
Massachusetts Draft 2012 Consolidated Action Plan
The Massachusetts Department of Housing and Community Development (DHCD) has posted a Draft 2012 Consolidated Annual Action Plan which dictates the funding objectives of DHCD for the Community Development Block Grant (CDBG), HOME, Emergency Shelter Grants (ESG), and Housing Opportunities for Persons with AIDs (HOPWA) programs.
NH&RA Spring Developers Forum: Early Registration Ends Soon
Join NH&RA May 21-22 for our 2012 Spring Developers Forum at the Ritz-Carlton Marina del Rey in California. Register by this Friday, April 27 to save up to $100 off your conference registration fee!
Washington Update: Tax Reform and the State of the Union
Last night’s State of the Union address offered some interesting new insight into the President’s policy priorities for the upcoming year. I was surprised that the President emphasized tax reform so early and often. While President Obama did not cite the low income housing tax credit, historic tax credit or new markets tax credit directly there was a strong emphasis on providing tax relief for businesses that create domestic jobs.
FHA Launches LIHTC Pilot Program
The Federal Housing Administration (FHA) has announced it is planning to launch the first phase of its Multifamily Low-Income Housing Tax Credit Pilot program, which will test an accelerated approval process for the purchase or refinancing of LIHTC properties.