News
Senators Introduces GO Zone Placed Service Extension
Senators Mary Landrieu (D-La.), David Vitter (R-La.), William Thad Cochran (R-Miss.) and Richard Shelby (R-Ala.) have introduced an amendment (Sen. Amendment 258) to S. 493 that would extend the placed in service date for low-income housing tax credit properties in the GO Zone until January 1, 2013.
HUD Grants 30-Day Blanket REAC Extension
HUD’s Office of Asset Management has approved a blanket 30-day extension for Financial Assessment of Multifamily Housing (FASS-MF) Multi-Family owners with a fiscal year ending 12/31/10.
Obama Names Acting FHA Commissioner
Bob Ryan, HUD’s Chief Risk Officer has been named as acting FHA Commissioner.
Amendment Introduced to Extend GO Zone Placed-in-Service Date
U.S. Senator Mary Landrieu (D-LA) introduced on March 29 an amendment to S. 493 that would extend the placed in service date for low-income housing tax credit (LIHTC) properties in the Gulf Opportunity (GO) Zones. S.Amdt. 258 would extend the placed in service date for LIHTC properties until January 1, 2013.
Amendment Introduced to Extend 48C Energy Program
U.S. Senator Debbie Stabenow (D-MI) recently introduced an amendment to S. 493 that would extend the Section 48C Advanced Energy Manufacturing Tax Credit program.
Boston Redevelopment Authority Releases 2010 Census Data
The Boston Redevelopment Authority recently released updated Boston census data and a summary of data changes between 2000 and 2010, including age, ethnicity and housing data.
Nevada Releases Final 2011 QAP
The Nevada Housing Division has released the final 2011 Qualified Allocation Plan, as well as the final LIHTC application, exhibits and supporting documents.
New York Passes 2011-12 Budget
New York Governor Andrew M. Cuomo recently announced the passage of the 2011-2012 state budget.
GAO Releases Report on Farm Worker Housing
The Government Accountability Office (GAO) recently published a report that calls for improvements in the management and oversight of the Farm Labor Housing program administered by the Rural Housing Service (RHS).
HUD Issues NOFA for Choice Neighborhoods Finalists
The U.S. Housing and Urban Development (HUD) recently posted a Notice of Funding Availability for the six entities that were named finalists to receive the first implementation grant funding through HUD’s new Choice Neighborhoods Initiative (CNI).
Virginia Historic Tax Credit Case Overturned By Appeals Court
Novogradac & Company is reporting that the U.S. Court of Appeals for the Fourth Circuit today published an opinion in the case of Virginia Historic Tax Credit Fund v. Commissioner of Internal Revenue that reverses the December 2009 U.S. Tax Court opinion.
National Park Service Director Releases Video on Historic Credit
National Park Service Director Jonathan Jarvis talks about the Historic Preservation Tax Incentives in a new NPS video.