News

In response to a year long Washington Post investigation titled “Million Dollar Wasteland” a bipartisan group of federal lawmakers is calling on Congress to probe the nation’s housing-construction program for the poor, citing years-long delays and other breakdowns that have thwarted the production of hundreds of affordable-housing projects.

Representatives Gary Miller (R-CA) and Carolyn McCarthy (D-NY) have introduced new legislation (HR 1859) that would create a government-owned credit facility to replace Fannie Mae and Freddie Mac.

The California Tax Credit Allocation Committee (TCAC) will be holding forums throughout the state to discuss the issue of cost containment associated with developing affordable housing.

Reps. Aaron Schock (R-Ill.) and Earl Blumenauer (D-Ore.) last week introduced the Creating American Prosperity through Preservation Act of 2011 (H.R. 2479).

The National Park Service recently issued a revised application for historic preservation certification. Applicants should begin using the 2011 application immediately.

Louisiana Governor Bobby Jindal signed into law HB 348, which extends and improves the residential historic rehabilitation tax credit, and the companion SB 63, which extends the commercial historic rehabilitation tax credit.

The Internal Revenue Service (IRS) is requesting comments on Form 8823, Low-Income Housing Credit Agencies Report of Noncompliance or Building Disposition.

HUD’s Office of Policy Development & Research is soliciting abstracts for presentations at the 2nd Annual American Housing Survey User Conference, scheduled for the Spring of 2012. Interested scholars and professionals are invited to submit research papers that apply the special features of the AHS datasets to issues of current interest.

New Hampshire Housing has released its annual statewide survey of nearly 31,000 rental units in order to monitor rental costs, provide information to housing data users, and to support New Hampshire Housing’s program administration.

Nebraska Investment Finance Authority (NIFA) is spearheading the National Affordable Housing Equality Initiative (NAHE) to raise awareness about the problems caused by outdated restrictions in the Low Income Housing Tax Credit program.

Louisiana Housing Finance Agency has released frequently asked questions with regards to its 2012 online LIHTC application process.

HUD is soliciting comments from the public on the Tenant Resource Network (TRN) Program.