News

Apply for Novogradac Journal of Tax Credits Historic Rehabilitation Award by March 1

The Novogradac Journal of Tax Credits Historic Rehabilitation Awards honor outstanding achievements in the rehabilitation of historic properties by recognizing development teams for excellence in the creative use of the Historic Tax Credit.

QAP Kentucky

Kentucky Schedules Virtual Developer Forum

Kentucky Housing Corporation (KHC) will host a second virtual developer forum from 2 to 4 p.m. ET on Tuesday, January 30 to solicit feedback for the development of the 2025-2026 Qualified Allocation Plan and scoring criteria.

Florida

Florida Board of Directors Meeting – March 26

The Florida Housing Finance Corporation (FHFC) Board of Directors meeting is scheduled for March 26.

New Hampshire

New Hampshire Introduces H.B. 1470 to Review State LIHTC 

New Hampshire’s House of Representatives introduced H.B. 1470, which would establish a committee to study the feasibility of a State LIHTC, which the state currently does not utilize.

Connecticut

Comments on Connecticut’s Housing Environmental Improvement Revolving Loan Fund Due Jan. 31 

The Connecticut Public Act 23-205 established the Housing Environmental Improvement Revolving Loan Fund (RLF).

House HUD Oversight Hearing Summary  

Last week, the House Financial Services Committee held an Oversight Hearing with HUD Secretary Marcia Fudge. The meeting centered around the rise of housing supply, unaffordability, homelessness and the conditions of public housing.  

HUD

HUD Notice Changes Income Limit Caps; Limits LIHTC and PAB Rent Increases to Ten Percent

A new HUD notice sets an absolute annual cap of ten percent on income limit increases for housing financed by LIHTCs, private-activity bonds (PABs) and for various HUD programs, including Section 8.

congress-capitol

Tax Agreement Includes Top Two LIHTC Provisions 

House Ways and Means Committee Chairman Jason Smith (R-MO) and Senate Finance Committee Chairman Roy Wyden (D-OR) announced a tax agreement, which includes LIHTC provisions to restore the 12.5 percent increase for nine percent LIHTCs for 2023-2025 and lower the bond financed-by test to 30 percent for allocation made in 2024 and 2025.

Virginia

Virginia Extends Application Round Deadline to Jan. 11 

Virginia Housing announced that the deadline to submit the Locality Notification Information (LNI) form for the January 4 percent application round is extended to January 11 at 12 p.m. ET.

HUD

HUD Publishes Notice for GRRP Supplement 

HUD’s Office of Multifamily Housing Programs published a Housing Notice titled Green and Resilient Retrofit Program (GRRP) Supplemental – Notice A to add flexibility in both grant and supplemental loan funds, as well as other administrative changes, that will enhance owners’ and developers’ ability to leverage GRRP funds for energy efficiency and climate resilience upgrades and rehabilitation projects.

General News

RAD Collaborative Release Update/Special Edition Report 

The RAD Collaborative recently released a special report that highlights some outcomes for properties and residents under the RAD program.

HUD

HUD Issues BABA Implementation Guidance  

HUD recently issued PIH Notice 2024-01 providing guidance to PHAs regarding the Buy America Preference (BAP) requirement of the Build America, Buy America Act (BABA).

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