News
California Releases Estimated Credit Totals Available in 2010
The California Tax Credit Allocation Committee has released estimated totals and set-asides of tax credit funding available in 2010 through the state’s competitive allocation process.
HUD Issues Quarterly Report on Regulatory Waiver Requests
HUD has published its quarterly notice of all regulatory waivers that HUD has approved.
New Jersey Seeks To Readopt LIHTC Procedures
The New Jersey Housing and Mortgage Finance Agency is proposing to readopt its rules without amendments.
MSHDA Executive Director To Retire
The Michigan State Housing Development Authority (MSHDA) executive director, Keith Molin, has announced that he will step away from the day-to-day responsibilities of managing the agency to facilitate the transition to a new director this fall.
LISC, Enterprise Release Report on LIHTCs in New York City
The Local Initiatives Support Corporation (LISC) and Enterprise Community Partners recently released a new report that assesses the effects of LIHTC projects throughout New York City on property values to reflect the market’s assessment of neighborhood quality.
CA Senate Committee Passes Bill to Establish State NMTC Program
California’s Senate Revenue and Tax Committee last week passed a bill (S.B. 1316) that would establish a new tax credit modeled after the federal New Markets Tax Credit (NMTC) program.
Virginia Agency Schedules Public Forum on 2011 QAP Changes
The Virginia Housing Development Authority recently announced a public forum to discuss changes to the 2011 QAP, scheduled for Wednesday, July 14, at 1:30 p.m.
Illinois Governor Signs Legislation to Double State NMTC Cap
Illinois Governor Pat Quinn this week signed a bill (S.B. 2093) into law that increases the state’s existing New Markets Tax Credit for new investment into small businesses in underserved communities.
WHEDA Releases 2010 Income & Rent Limits
The Wisconsin Housing & Economic Development Authority has released its 2010 Section 42 MTSP and HERA Special income and rents limits.
Ohio Releases Instructions for Submitting 2011 Tax Credit Application
The Ohio Housing Finance Agency has released instructions for submitting an application for tax credits through its 2011 Qualified Allocation Plan (QAP).
Illinois Solicits Feedback on 2010 QAP
The Illinois Housing Development Authority (the Authority) is soliciting feedback from the development community on all aspects of the 2010 Qualified Allocation Plan (QAP) and Low Income Housing Tax Credit (LIHTC) application process.
Idaho Releases Amended 2010 Draft QAP
The Idaho Housing and Finance Association recently released an amended version of its draft 2010 Qualified Allocation Plan (QAP).