LIHTC

NH&RA member firm, CohnReznick recently released a report examining the relationship between low-income housing tax credit (LIHTC) pricing and banks that invest in certain geographies in order to meet certain conditions under the Community Reinvestment Act (CRA) of 1977.

A bipartisan coalition of U.S. lawmakers recently introduced the Hurricane Sandy Tax Relief Act of 2013 (H.R.2137) to provide tax relief for victims of Hurricane Sandy in areas designated as federal disaster areas by the president.

In his State of the City speech earlier this year, Washington, DC Mayor Vincent Gray pledged $100 million towards affordable housing for the District of Columbia. The plan that will guide the administration’s affordable housing efforts was recently unveiled. “Bridges to Opportunity: A New Housing Strategy for DC” was produced by a task force appointed by the Mayor in 2012 and proposes three broad strategic goals and 24 Action Items to achieve those goals.

The Connecticut Housing Finance Authority Board of Directors approved the draft 2013 Qualified Allocation Plan (QAP).

NH&RA hosted nearly 150 professionals at the 2013 Spring Developers Forum May 7-8 in Marina del Rey, CA. All conference materials, Power Point presentations, relevant articles, reports, memos, etc. are available for review.

The Senate Finance Committee has released a tax reform option paper about economic and community development provisions. The document is the sixth in a series of papers compiling tax reform options that Finance Committee members may wish to consider as they work towards reforming our nation’s tax system.

NH&RA member firm, Novogradac & Company, recently released a report entitled “Affordable Rental Housing after Tax Reform” which details the effect corporate tax reform could have on the equity raised from Low-Income Housing Tax Credits (LIHTC).

Kentucky Housing Corporation (KHC) recently released the final draft of its 2014 Multifamily Finance Guidelines, which governs the competitive funding process for several federal and state resources to enable the development and rehabilitation of safe, affordable housing.

The Ohio Housing Finance Agency (OHFA) recently released a draft of the 2013 Bond Gap Financing (BGF) program guidelines for public comment and review.

The National Council of State Housing Agencies (NCSHA) recently released its 2011 Factbook, a comprehensive survey of housing finance agency (HFA) program activity.

The Arizona Department of Housing (ADOH) has posted updated versions of the Multifamily Revenue Bond Procedural Guidelines.

The California Tax Credit Allocation Committee (CTCAC) has released the final proposed regulation changes to the CPA Final Cost Certification Requirements and Market Study Requirements for the current 2013 program year.