News
Louisiana Agency Announces 2010 LIHTC Application Timeline
The Louisiana Housing Finance Agency (LHFA) has announced its tentative timeline for 2010 LIHTC applications. LHFA’s draft 2010 qualified allocation plan (QAP) will be presented to its Board for approval on June 19.
DCA Releases Forms for LIHTC 10% Test
for the certification of the 10% test for low-income housing tax credit (LIHTC) allocatees.
Arkansas Issues Section 1602 Update
The Arkansas Development Finance Authority recently announced its intent to utilize 2010 Exchange funds as additional gap financing for 2010 tax credit applicants with a substantial investor purchasing the credits for $.65 or more.
NMTC Quarterly Reporting Deadline Reminder
New markets tax credit (NMTC) allocatees that received a NMTC allocation under the American Recovery and Reinvestment Act (ARRA) must submit their quarterly new markets reports by April 10.
DOE Ruling Expands Eligibility for Weatherization Funds
The U.S. Department of Energy (DOE) recently implemented a new ruling that expands the eligibility of projects for Weatherization Assistance Program (WAP) funding.
CDFI Fund Schedules Informational Calls on Capital Magnet Fund
The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) is conducting two separate conference calls for potential applicants to the Capital Magnet Fund.
Senate Introduces Tax Credit Extenders Package; Action Expected Shortly
Senate Majority Leader Harry Reid (D-Nev.) has tax credit extender legislation that would extend a number of expired tax provisions. The legislation comes in the form of a “strike-all” amendment to H. R. 4154 (The American Workers, State, and Business Relief Act of 2010); which passed the House of Representatives on December 3 on a largely party-line vote.
Jobs Bill Passes House; Provisions Include LIHTC, NMTC & Build America Bonds
The US House of Representatives passed a $16.8 billion package of tax incentives for state and local governments and small businesses Wednesday, the second measure in the Democrats’ “jobs agenda” to pass the chamber this month.
National Housing Conference Releases Two Papers on Coordinating Housing, Transportation, and Workforce Policies
The National Housing Conference (NHC) has issued two new reports on coordinating housing, transportation and workforce policies.
Proposed Jobs Bill Includes Key Tax Provisions
House Ways and Means Committee Chairman Sander M. Levin (D-MI), recently introduced draft legislation that would make tax-exempt bond-financed properties eligible for the Section 1602 low-income housing tax credit (LIHTC) cash grant exchange program, and allow the new markets tax credit (NMTC) to be used to offset the alternative minimum tax (AMT).
HUD Requests Comments on ARRA Reporting
The U.S. Department of Housing and Urban Development (HUD) today issued a request for comment related to its American Recovery and Reinvestment Act Section 1512 reporting.
Special Offer: Register for an Event and Get a Free Recording!
National Housing & Rehabilitation (NH&RA) is pleased to offer digital audio recordings of select panel sessions from the 2010 New Markets Tax Credit Symposium (March 10) and the 2010 NH&RA Annual Meeting (March 11-13) in Miami Beach, Florida.
For a limited time only, you can get ANY single conference session recording FREE with your registration for one of NH&RA’s and/or NCAHMA’s upcoming events!