News

The U.S. House of Representatives’ Ways and Means Committee Chairman, Rep. Dave Camp (R-MI) recently announced that the committee will hold the first of several hearings on fundamental tax reform this Thursday,

The California Tax Credit Allocation Committee (CTCAC) recently released substantive regulation changes for 2011. In addition, CTCAC has released original proposed changes with comments and responses.

The Mississippi Home Corporation has published a list of final, approved revisions to the 2011 Qualified Allocation Plan for its low-income housing tax credit program.

The Massachusetts Department of Housing & Economic Development has released a draft version of its 2011 One Year Action Plan for CDGB, HOME, ESG & HOPWA Programs.

Both houses of the New Jersey Legislature have approved legislation that would overhaul the state’s affordable housing system. Gov. Chris Christie has indicated that he would only sign the original version of the bill (S1), passed in June.

Oregon Housing and Community Services Director Victor Merced recently issued a letter to its program partners that explores establishing a standards affordability period across OHCS programs.

The Vermont Housing Finance Agency recently released a memo that outlines proposed changes to the state’s 2010-2011 Qualified Allocation Plan for the low-income housing tax credit program.

California’s Tax Credit Allocation Committee has scheduled a series of eight low-income housing tax credit compliance workshops for affordable housing owners and management companies.

California Governor Jerry Brown recently submitted his proposed budget for 2011 12 to the state’s legislature. His proposed budget would make significant changes to economic development activities in California, including eliminating redevelopment agencies and enterprise zones by July 1.

The U.S. Department of Housing and Urban Development has issued Notice H 2011-01, which announces that owners with Project-Based Section 8 Rental Assistance Contracts or Section 202 or 811 Project Rental Assistance Contracts must obtain Dun and Bradstreet Numbering System (DUNS) numbers and register in the Central Contractor Registration (CCR) within 60 days of the notice’s publication or January 5, 2011.

The U.S. Department of Housing and Urban Development (HUD) has issued a survey to measure the rate at which different types of new rental apartments and new condominium apartments are absorbed over the course of the first twelve months following completion of a building.

The Arizona Department of Housing has scheduled an all day LIHTC Application & Compliance workshop on January 20 in Phoenix, AZ.