News

The Treasury Department recently posted two documents relating to renewable energy properties that are not yet placed in service but that plan to apply a cash grant in lieu of tax credits under Section 1603 of the American Recovery and Reinvestment Act.

Voters in Massachusetts rejected Ballot Initiative Question 2, which sought to repeal the state’s affordable housing law known as Chapter 40B.

Congressman Keith Ellison (D-Minn.) has released a draft of his revised PETRA bill.

The IRS has announced in an administrative notice (2010-74) that there will be no unused housing credit carryover to be allocated to states for calendar year 2010.

Maryland’s Department of Housing & Community Development has issued a new Multifamily Housing Notice (10-10) to its developers, sponsors and housing contacts pertaining to the Fall 2010 Competitive Funding Round.

The National Housing Conference has published a new report it its policy journal entitled “Rental Housing Affordability “” A Review of Current Research.”

The U.S. Department of Housing and Urban Development (HUD) has released an update of the Metropolitan Area Quarterly Residential and Business Vacancy Report based on the HUD Aggregated USPS Administrative Data for the third quarter of 2010.

The Ohio Housing Finance Agency released the final drafts of the cost certification guidelines and forms that will apply to any project receiving ARRA or NSP funds and any project receiving an allocation of Housing Tax Credits in 2010 or later.

Senate Finance Committee Chairman Max Baucus today introduced a new version of tax extenders legislation (HR 4213). The Job Creation and Tax Cut Act of 2010 includes following provisions from H.R. 4213, the American Jobs and Closing Tax Loopholes Act (also known as the tax extenders bill), including:

Tax Credit Advisor – November 2010 – Nancy Rase, president of Homes for America, Inc., thrives on the demands of being an affordable housing developer.

Tax Credit Advisor ““ November 2010 ““ For the new markets tax credit (NMTC) industry, all eyes are on Washington, wondering whether or when Congress will enact legislation to reauthorize the program, which lapsed on December 31, 2009.

The Internal Revenue Service (IRS) has announced the inflation-adjusted low-income housing tax credit (LIHTC) and private activity bond caps for 2011.