LIHTC
Senators Introduce Bill to Fix 9% and 4% Housing Credit Rates
Senator Maria Cantwell (D-WA) and a group of bipartisan Senators together re-introduced S. 1442, which would amend the Internal Revenue Code of 1986 to make permanent the minimum low-income housing tax credit (LIHTC) rate for unsubsidized buildings and provide a minimum 4 percent credit rate for existing buildings.
HUD Issues Notice on FY-2014 MIPs; Clarifies Policy for LIHTC & Affordable Properties
HUD has issued a notice announcing that mortgage insurance premiums (MIPs) for Federal Housing Administration (FHA) Multifamily, Healthcare Facilities, and Hospital mortgage insurance programs that have commitments to be issued or reissued in FY-2014 will remain the same as in FY-2013.
Utilizing 4% Credits in RAD Transactions Webinar
CohnReznick, Nixon Peabody, and the Pennsylvania Housing Finance Agency present the webinar “Utilizing 4% Credits in RAD Transactions” on Thursday, September 26 from 10:00 am-11:00 am EST. Presenters John Mackey (CPA, Partner CohnReznick), Susan Belles (Manager of Loan Programs, Pennsylvania Housing Finance Agency), and Michael Reardon (Partner, Affordable Housing Nixon Peabody LLP) will share their practical experience and insights in helping public housing authorities finance RAD conversions, rehabilitation, and new construction projects by integrating 4% tax-exempt bonds.
2014 Nebraska QAP: Public Comment & Public Hearing
Nebraska Investment Finance Authority announced a public hearing regarding the 2014 QAP on October 8, 2013 at 10:00 am .
Bill Amending LIHTC “Student Rule” For Homeless Veterans and Youths Introduced in Senate
U.S. House Representative Jim McDermott (D-WA) recently introduced H.R. 3145 to amend Section 42 of the Internal Revenue Code of 1986 as it relates to homeless youth and veterans.
IRS Announces 2013 Carryover Allocations Totaling $2.46 Million
The Internal Revenue Service (IRS) recently published Revenue Procedure 2013-31, which details the amounts of unused Low-Income Housing Tax Credit (LIHTC) carryovers allocated for calendar year 2013.
Recent Study Examines Location of LIHTC Properties and Effect on Segregation
The Fair Housing Justice Center (FHJC) released a report entitled Choice Constrained, Segregation Maintained: Using Federal Tax Credits to Provide Affordable Housing that examines the location of affordable housing / Low Income Housing Tax Credit (LIHTC) properties and how where the housing is located can perpetuate segregation.
2014 Wyoming QAP: Public Hearing
The Wyoming Community Development Authority (WCDA) will conduct a public hearing on September 20, 2013 at 2:00 pm to solicit comments for the 2014 Wyoming QAP.
2013 Connecticut QAP: Overview Session & Deadline
The Connecticut Housing Finance Authority for an Overview Session for the 2013 competitive 9% Low-Income Housing Tax Credit round on September 16, 2013 from 9:00 am to 11:00 am.
IRS Publishes LIHTC Newsletter #52
The Internal Revenue Service (IRS) has released it latest LIHC Newsletter, which provides a forum for information about Section 42, the Low-Income Housing Tax Credit (LIHTC), and communicates technical knowledge and skills, guidance, and assistance for developing LIHTC properties.
IRS Invites Comments on LIHTC Utility Allowance Regulations
The Department of Treasury’s Internal Revenue Service (IRS) recently invited public comments on carryover allocation documents, election statements, and binding agreements related to Low-Income Housing Tax Credit (LIHTC) and Section 42 utility allowance regulations.
Utah 2014 QAP: Governor’s Approval
Utah Governor Gary R. Herbert approved the 2014 Utah Qualified Allocation Plan (QAP) on August 20, 2013