News

Montana’s Board of Housing recently released its final 2011 Qualified Allocation Plan (QAP).

The Treasury Department recently published additional guidance on the Section 1603 renewable energy tax credit cash grant program, specifically with regards to the beginning of construction for projects utilizing 1603 funds.

The Massachusetts Department of Housing & Community Development has released its draft amended 2010 Qualified Allocation Plan (QAP).

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 has published its quarterly notice of all regulatory waivers that HUD has approved.

The New Jersey Housing and Mortgage Finance Agency is proposing to readopt its rules without amendments.

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.

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.

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.

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 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.

The Wisconsin Housing & Economic Development Authority has released its 2010 Section 42 MTSP and HERA Special income and rents limits.