LIHTC
Wisconsin Issues Updates to 2010 LIHTC Application Process
The Wisconsin Housing & Economic Development Authority has announced two changes regarding the 2010 Low-Income Housing Tax Credit program.
NH&RA Announces Finalists for 2009 Historic Rehabilitation Awards
The National Housing & Rehabilitation Association has announced twenty-three finalists in eight categories for the 2009 J. Timothy Anderson Awards for Excellence in Historic Rehabilitation.
Affordable Housing Tax Credit Coalition Elects New President
Joe Hagan, president and CEO of the National Equity Fund, Inc., is the new president of the Affordable Housing Tax Credit Coalition (AHTCC).
Delaware Issues 2010 LIHTC Application Update
The Delaware State Housing Authority (DSHA) announced this week that it will offer approximately $2.5 million in federal housing tax credits to affordable rental developers. Applications will be accepted until April 9, 2010.
Hawaii Releases Revised Rules for LIHTC, Rental Housing Trust Fund Programs
The Hawaii Housing Finance & Development Authority recently released revised administrative rules for both the low-income housing tax credit and rental housing trust fund programs.
Legislation Introduced To Extend 1602 Exchange to 4 Percent Tax Credits
Representative Linda Sanchez (D-Calif.) has introduced legislation (HR 4687) to extend the 1602 exchange program to 4 percent credits. Representative Sanchez noted in a floor statement that “I am introducing this bill because our country cannot afford to let this valuable 4 percent tax credit program fall into disuse due to the economy’s downturn at a time when our country is in desperate need of more jobs and more affordable places for low-income families to live.
Senate Majority Leader Pushes Jobs Bill Without Tax Credit Extenders
Senate Majority Leader Harry Reid has announced that he will push jobs legislation that will not include several tax credit extenders included in a draft bill previously circulated by Senators Max Baucus (D-Mont.) and Charles Grassley (R-Neb.), Chairman and Ranking Member of the Senate Finance Committee have released a draft Jobs Bill.
HUD Solicits Comments on LIHTC Tenant Data Project
The U.S. Department of Housing and Urban Development is requesting comments on a proposed information collection project under which state housing credit agencies will gather data and information regarding the race, ethnicity, family composition, age, income, rental assistance, disability status, and monthly rental payments of households living in federal low-income housing tax credit projects.
Nearly 28,000 Jobs Created by Exchange Program
A recent report from the U.S. Treasury Department shows that nearly 28,000 jobs have been created as a result of the Section 1602 low-income housing tax credit (LIHTC) cash grant exchange program, created by the American Recovery and Reinvestment Act of 2009 (ARRA).
UPDATE: Senate Passes Key Hurdle On Jobs Measure; Indicates Will Address Other Extenders Soon
The United States Senate voted, 70-28, today (Wednesday, 2/24)to pass Senator Harry Reid’s (D-Nev.) Jobs Bill. The $85 billion bipartisan jobs proposal was negotiated by the Finance Committee chairman, Max Baucus, D-Mont., and the committee’s top Republican, Charles E. Grassley of Iowa.
Colorado Announces New Executive Director
Cris White has been identified by the Board of Directors as the Colorado Housing and Finance Authority’s (CHFA) finalist for its open Executive Director/Chief Executive Officer position. His official appointment will be made pending the state mandated 14-day notification period and barring any information that would affect his candidacy for the position.
New Jersey Releases Proposed 2010 QAP
The New Jersey Housing and Mortgage Finance Agency has released a draft of its proposed 2010 qualified allocation plan, which establishes selection criteria, application requirements, application fees, program restrictions and standards used for governing the state’s low-income housing tax credit (LIHTC) program.