Iowa

NH&RA News

NH&RA Hosts ICAST IRA & BIL Instant Benefit Estimate Calculator

ICAST’s IRA & BIL Instant Benefit Estimate Calculator is now available on NH&RA’s website under the Resources section.

Iowa

IRS Extends Comment Period on Iowa Relief Credit

The Internal Revenue Service released a notice in the Federal Register announcing that it is extending the comment period for previously issued Notice 2012″“7.

Iowa

Iowa House Passes Bill to Reform State Tax Increment Financing Program

The Iowa House of Representatives recently passed a bill, HF 2460, that would reform the state’s controversial tax incremented financing (TIF) program.

Iowa

Iowa Releases 2012 LIHTC Program Information

The Iowa Finance Authority (IFA) has released its Qualified Allocation Plan (QAP) and supporting LIHTC program documents for the 2012 tax credit program.

Alabama

IRS Issues Notice on Refunding Disaster Relief Bonds

The IRS issued Notice 2012-3 to provide guidance on current refunding issues for outstanding prior bond issues that qualify for tax-exempt bond financing under disaster relief bond programs including Gulf Opportunity Zone Bonds (GO Zone Bonds), qualified Midwestern disaster area bonds and Hurricane Ike disaster area bonds under the Heartland Disaster Act.

Iowa

IRS Suspends Requirements for Iowa Storm Victims

The Internal Revenue Service (IRS) has issued Notice 2012-07 to announce the temporary suspension of certain requirements for low-income housing tax credit projects in order to provide emergency housing relief to individuals affected by the flooding in Iowa between May 25 and August 1, 2011.

Iowa

Iowa Releases Draft 2012 QAP

The Iowa Finance Authority (IFA) recently released the state’s proposed 2012 Qualified Allocation Plan (QAP) and an overview of significant changes to the plan.

Arkansas

Bill Would Extend Increased Historic Credit for Midwestern Disaster Communities

U.S. Representative Bruce Braley (D-IA) last week introduced the Rebuilding Communities Act (H.R. 2901), which would extend a provision enacted in 2008 that increased the historic tax credit to 26 percent and the rehabilitation tax credit to 13 percent in Midwestern communities affected by natural disasters.

Iowa

Iowa Governor Enacts Changes to State Historic Tax Credit

Iowa Governor Terry Branstad signed into law a measure to make the state historic tax credit align more closely with the federal credit.

Georgia

States Release QAPs, Materials Governing 2011 LIHTC Program

Several state housing finance agencies have released varying drafts of their 2011 QAPs over the past few weeks, as well as LIHTC program materials, proposed changes and other information.

Iowa

HUD Releases Market Analysis Report for Omaha-Council Bluffs, Nebraska-Iowa

HUD’s Economic and Market Analysis Division has published a Comprehensive Housing Market Analysis report for the Omaha-Council Bluffs, Nebraska-Iowa region.

Iowa

Iowa Authority Schedules Compliance Training

The Iowa Finance Authority (IFA) is offering a series of three housing tax credit program compliance seminars later this month. The training will cover significant changes to compliance requirements recently issued by the Department of Housing and Urban Development (HUD).

Iowa

Iowa Governor Announces Key Housing Appointments, Repositions HOME Program

Governor Chet Culver recently announced Bret Mills as his choice for the new Director of Iowa’s Department of Economic Development (DED).

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