News

NH&RA News

$4.1 Billion in NMTCs Awarded to 63 CDEs Including $600 Million for Hurricane Relief

Tax Credit Advisor June, 2006: A total of $4.1 billion in federal New Markets Tax Credits have been awarded in an unusual allocation round that combined $3.5 billion in regular NMTCs and $600 million in tax credits designated for areas hard-hit by Hurricane Katrina.

HUD

HUD Issues Draft Notice on Delegated Processing of Section 202 Projects

The U.S. Department of Housing and Urban Development’s Office of Housing has posted the draft of a new notice spelling out procedures for the delegation to state and local housing agencies of processing of new Section 202 elderly supportive housing projects.

NH&RA News

CDFI Fund Issues Alert on 2009 NMTC Funding Round

The Community Development Financial Institutions (CDFI) Fund has issued a new informational alert pertaining to the 2009 allocation funding round for the federal new markets tax credit (NMTC) program. The deadline to apply for an allocation is April 8, 2009.

HUD

HUD Issues Proposed Rule for Disposition Program

The U.S. Department of Housing and Urban Development (HUD) on December 22 issued a proposed rule to govern the sale of HUD-held single family homes and mortgage assets in designated revitalization areas .

congress-capitol

Senate Finance Committee Passes Amended Stimulus Bill; LIHTC Floor Amendment Under Discussion

The U.S. Senate Finance Committee on January 27 by 14-9 approved the tax component of the economic stimulus bill, after adopting a number of amendments to the original “Chairman’s mark.” The approved package proposes approximately $522 billion in tax cuts and tax incentives including many intended to save or create jobs and bolster the national economy.

congress-capitol

Numerous Groups Request LIHTC Amendments in Stimulus Bill

The National Housing & Rehabilitation Association along with more than 30 other organizations have signed and sent to Congress a letter outlining four specific proposed changes to the low-income housing tax credit program and asking that they be included in the final economic stimulus bill that lawmakers are now crafting.

Texas

Texas Announces Hearings on LIHTC Applications

The Texas Department of Housing and Community Affairs has announced a series of six public hearings to be held around the state during April 6-13 to solicit comments on applications received by the agency in its 2009 competitive funding round for low-income housing tax credits.

New Hampshire

New Hampshire Publishes 2009 Utility Allowance Schedule

The New Hampshire Housing Finance Authority recently published its 2009 Utility Allowance Schedule for its Section 8 Existing Housing Program.

Michigan

Michigan Issues Draft 2009 QAP

The Michigan State Housing Development Authority has published its draft 2009 qualified allocation plan for its low-income housing tax credit program.

HUD

President Obama Announces Nominee for HUD Deputy Secretary

President Obama on Monday announced Ron Sims as his nominee for Deputy Secretary of the U.S. Department of Housing and Urban Development.

NH&RA News

HUD Publishes New National Housing Market Report

The U.S. Department of Housing and Urban Development has published the latest edition of its U.S. Housing Market Conditions report for the 3rd quarter of 2008.

NH&RA News

NAHB Green Building Standards Adopted by ANSI

The National Association of Homebuilders National Green Building Standard for all single-family homes, apartments and condos; land development; and residential remodeling and renovation was approved on Jan. 29 by the American National Standards Institute (ANSI).

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