News
Sen. Baucus Introduces Tax Relief Extenders Legislation
Sen. Max Baucus (D-MT) has introduced the Middle Class Tax Cut Act of 2010. The legislation contains extensions of numerous affordable housing, new markets and renewable energy tax credit and bond programs.
CDFI Fund Solicits Public Comment on Capital Magnet Fund Interim Rule
The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) is soliciting comments regarding the interim operating rule for the Capital Magnet Fund.
Rental Housing Revitalization Act Introduced
U.S. Representative Keith Ellison (D-MN) on December 1 introduced the Rental Housing Revitalization Act (H.R. 6468), designed to support the restoration of the nation’s public housing infrastructure, simplify rental assistance programs and expand renters’ housing choices.
Republicans to Take Over House of Reps; Plus Tax Credit Election Highlights
In yet another “wave” election, the Democratic Party has been swept out of the US House of Representatives as Congressional Republicans picked up approximately 60 seats (at time of press some final results are still in questions). The Democratic Party still maintains a majority in the US Senate. NH&RA will be providing additional coverage on the leadership and priorities of the next Congress in the upcoming weeks.
NH&RA Opens Registration for 2011 Annual Meeting
The National Housing & Rehabilitation Association is now accepting registrations for the 2011 Annual Meeting and Pre-Conference Symposium on New Markets Tax Credits, scheduled February 23-26, 2011 in Bonita Springs, Florida.
Delaware Releases Draft 2011 QAP
The Delaware State Housing Authority recently released its 2011 QAP and supporting materials for administering its 2011 low-income housing tax credit program.
New Data on Foreclosure-Response.org Provides Updated Delinquency and Foreclosure Rates for All 366 U.S. Metro Areas
Foreclosure-Response.org, an online portal for data and information on foreclosure prevention and neighborhood stabilization brought to you by LISC, the Urban Institute, and the Center for Housing Policy, has released new data to help communities address foreclosures.
Senate Schedules Hearing On Tax Reform
United States Senate Committee on Finance has scheduled a hearing on December 2, entitled “Tax Reform: Historical Trends in Income and Revenue.”
Report Recommends Reducing Missouri’s Historic Tax Credit
The Missouri Tax Credit Review Commission sent its final report on Missouri’s tax credit programs to Governor Jay Nixon, recommending that the state historic tax credit program’s annual cap be reduced from $140 million to $75 million per year beginning in 2011.
Senators Urge Extension of 1603 Program
A bipartisan group of 26 senators yesterday sent a letter to Senate Majority Leader Harry Reid, Minority Leader Mitch McConnell, Finance Committee Chairman Max Baucus and Finance Committee Ranking Member Charles Grassley urging a two-year extension of the Section 1603 Payments for Specified Energy Property in Lieu of Tax Credits Program during the lame-duck session.
HUD Solicits Comments on 2011 Rental Housing Finance Survey
The U.S. Department of Housing and Urban Development (HUD) recently published a notice in the November 19 Federal Register soliciting public comments on its 2011 Rental Housing Finance Survey.
California Announces Tenant Income Data Requirements
The California Tax Credit Allocation Committee (CTCAC) has announced a policy change related to the U.S. Housing and Urban Development’s tenant income collection (TIC) initiative.