LIHTC

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.

General News

Tax Court Rules on Including Construction Period Finance Costs in LIHTC Basis

In the 23rd Chelsea Associates case, the U.S. Tax Court ruled that an appropriate share of finance costs attributable to the construction period of the affordable housing part of a project can be included in tax credit basis.

senate-seal

120 Organizations Join Letter to Senate; Continue Advocacy Needed

NH&RA joined with 120 national and state affordable housing organizations in a letter to Senate leadership, urging the Senate to enact the LIHTC provisions included in the legislation.

house-of-representatives-seal

House Approves Tax Package with LIHTC Priorities, Advocacy Needed in the Senate

Last week, the House of Representatives voted overwhelmingly (357-70) to pass The Tax Relief for American Families and Workers Act of 2024 (H.R. 7024).

General News

ACTION Campaign Released Updated Fact Sheets

The ACTION Campaign updated their national, state and district fact sheets highlighting the newest data on the Housing Credit and its impact in communities across the nation.

Treasury

Over 46,000 Applications Received for Low-Income Communities Bonus Credit Program

The U.S. Department of the Treasury, Internal Revenue Service (IRS) and Department of Energy (DOE) announced that the Low-Income Communities Bonus Credit Program received more than 46,000 applications within the initial 30-day application period.

Wisconsin

Wisconsin Now Accepting Applications for Federal and State Tax Credits

The Wisconsin Housing and Economic Development Authority (WHEDA) is now accepting applications for the upcoming round of federal and state tax credits, which finance affordable workforce housing.

QAP Louisiana

Louisiana 2024 LIHTC Application Log

The Louisiana Housing Corporation released the 2024 LIHTC Application Log, which details projects requested in the state, the type of construction, total units and the amount of the project. 

QAP California

CTCAC to Hold a Public Meeting on July 26 

The California Tax Credit Allocation Committee (CTCAC) will hold a public meeting on July 26 at 9:15 a.m. PT (901 P Street, Room 102, Sacramento, CA 95814) or via Microsoft Teams.

General News

National Park Service Revises Historic Tax Credit Application Form

The National Park Service (NPS) issued revised application forms and instructions for Historic Tax Credits (HTCs) ahead of an August 15 deadline.

Rhode Island

Rhode Island Extends State Historic Credit Sunset through June 30, 2024

Rhode Island Governor Daniel McKee (D) recently signed H.B. 6016, which extends the sunset date of the state historic tax credit (HTC) to June 30, 2024 or until the maximum aggregate credits is exhausted.

QAP Kansas

Kansas Round Three Deadline – July 14

Kansas Housing announced that it received applications for the four percent LIHTC equating to more than $254 million in private activity bonds (PABs) for the second of three application rounds.

QAP Minnesota

Minnesota 2023 Multifamily Consolidated HTC Applications

Minnesota Housing announces that the deadline to submit 2023 Multifamily Consolidated RFP/2024 HTC Round 1 applications is July 13 by noon CT.

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