News

Congressman Barney Frank (D-MA) recently issued a letter to U.S. Treasury Secretary Timothy Geithner requesting certain modifications to Treasury’s guidance regarding implementation of the low-income housing tax credit exchange program under Section 1602 of the American Recovery and Reinvestment Act (ARRA).

The Vermont Housing Finance Agency has released an overview of its proposed implementation plan for the tax credit assistance (TCAP) and tax credit monetization (Exchange) programs, established by the American Recovery and Reinvestment Act.

The West Virginia Housing Development Fund has made available draft guiding principles and scoring criteria for the tax credit assistance (TCAP) program, provided under the American Recovery and Reinvestment Act of 2009.

The Wyoming Community Development Authority has released draft guidance for implementation of its low-income housing tax credit assistance program (TCAP) and is accepting public comments.

The New York State Senate this week unanimously passed S2960, which strengthens the state’s historic rehabilitation tax credit program. The legislation will expand reinvestment in distressed New York communities and improve the program’s ability to implement cost saves strategies.

The Missouri Housing Development Commission has released its competitive selection process and judging criteria for implementing its low-income housing tax credit assistance program (TCAP), under the American Recovery and Reinvestment Act.

The Illinois Housing Development Authority has released eligibility and selection criteria, program deadlines, and competitive scoring methods for implementation of the tax credit assistance program (TCAP).

The Idaho Housing Finance Authority recently published program and application requirements for implementation of its tax credit assistance program (TCAP), provided under ARRA.

The Iowa Finance Authority has issued draft guidance for implementing its tax credit assistance program (TCAP), established by the American Recovery and Reinvestment Act.

The Louisiana Housing Finance Agency (LHFA) in a recent request for qualifications from LIHTC market analysts, has stated that qualified applicants must provide proof of membership in the National Council of Affordable Housing Market Analysts (NCAHMA).

Proposed legislation to expand the New York state historic rehabilitation tax credit has passed the Finance Committee and will be sent to the full senate this week, where it is expected to pass.

Last week, U.S. Department of Housing and Urban Development Secretary Shaun Donovan announced that President Obama has appointed Erika Poethig as Deputy Assistant Secretary for HUD’s Office of Policy Development and Research.