News
Administration Tax Reform Plan Calls for Making Energy Credit Permanent
U.S. Treasury Secretary Timothy Geithner on February 22 released the Obama Administration’s framework for corporate tax reform. Among other things, it calls for making the renewable energy production tax credit permanent and refundable.
Indiana House Approves Historic Credit Bill
Indiana’s House of Representatives recently approved and sent the Senate a bill to revise the state’s historic tax credit program, which currently provides a credit equal to 20% of qualified rehab expenses.
Study Finds Very Low Recapture Rate for Historic Tax Credit
A new report released by the National Trust for Historic Preservation has found a very low rate of recapture of federal historic rehabilitation tax credits claimed over the past 10 years in historic rehab transactions.
A Quick Guide to the Budget
Budget of the United States Government, Fiscal Year 2013 contains the Budget Message of the President, information on the President’s priorities, budget overviews organized by agency, and summary tables.
Indiana Adopts Tax Credit Property Legislation
On February 1, the Indiana State Senate adopted Senate Bill 344, which requires county assessors to include the value of the federal low-income housing tax credit (LIHTC) in the assessed value of tax credit properties.
ACHP Releases Report on Historic Property Management
The Advisory Council on Historic Preservation (ACHP) on February 15 released its third Preserve America Executive Order Report to the President.
New Hampshire Publishes Report on Impact of Housing Tax Credits
The New Hampshire Housing Finance Authority (NHHFA) recently published a report that highlights the impact of low-income housing tax credits on New Hampshire communities.
California Announces 2012 Funding Rounds
The California Tax Credit Allocation Committee (CTCAC) has released application materials and attachments for the 2012 9% competitive, 4% competitive and 4% tax-exempt bond application rounds.
Iowa Releases 2012 LIHTC Program Information
The Iowa Finance Authority (IFA) has released its Qualified Allocation Plan (QAP) and supporting LIHTC program documents for the 2012 tax credit program.
New Data System Will Track Conservation Measures in Public/Indian Housing
The Tuesday, February 14 Federal Register included a notice that HUD is creating the Capture Energy Efficiency Measures for PIH (CEEMP) data system to track the amount and types of Energy Conservation Measures being implemented within Public and Indian units.
Ohio Updates Environmental Review Standards
Ohio Housing Finance Agency has updated its Environmental Review Standards for multifamily projects receiving federal HOME funds in Fiscal Years 2012 and 2013.
IRS Releases Notice on RPWG Physical Inspection Pilot Program
The IRS recently issued Notice 2012-18 to clarify rules relating to compliance monitoring and physical inspection requirements under the Rental Policy Working Group’s (RPWG) Physical Inspections Pilot Program. This program hopes to achieve a more coordinated effort for conducting physical inspections at properties that benefit from multiple sources of Federal funding with different inspection protocol