LIHTC
IRS Announces No Unused Credit Carryover for 2010
The IRS has announced in an administrative notice (2010-74) that there will be no unused housing credit carryover to be allocated to states for calendar year 2010.
Maryland Issues New Funding Round Notice
Maryland’s Department of Housing & Community Development has issued a new Multifamily Housing Notice (10-10) to its developers, sponsors and housing contacts pertaining to the Fall 2010 Competitive Funding Round.
Ohio Releases Updated Cost Certification Documents
The Ohio Housing Finance Agency released the final drafts of the cost certification guidelines and forms that will apply to any project receiving ARRA or NSP funds and any project receiving an allocation of Housing Tax Credits in 2010 or later.
Senate Finance Chairman Introduces Revised Extenders Bill
Senate Finance Committee Chairman Max Baucus today introduced a new version of tax extenders legislation (HR 4213). The Job Creation and Tax Cut Act of 2010 includes following provisions from H.R. 4213, the American Jobs and Closing Tax Loopholes Act (also known as the tax extenders bill), including:
Developer Profile: Nancy Rase and Homes for America, Blending the For-Profit and Nonprofit Worlds
Tax Credit Advisor – November 2010 – Nancy Rase, president of Homes for America, Inc., thrives on the demands of being an affordable housing developer.
IRS Announces LIHTC, Bond Caps for 2011
The Internal Revenue Service (IRS) has announced the inflation-adjusted low-income housing tax credit (LIHTC) and private activity bond caps for 2011.
South Dakota Releases Draft 2011-12 QAP
The South Dakota Housing Development Authority has released its draft 2011-2012 Qualified Allocation Plan for administering the Housing Tax Credit Program.
Virginia Final 2011 QAP, Program Schedule Released
The Virginia Housing Development Authority’s Board of Commissioners recently approved the proposed revisions to the 2011 Qualified Allocation Plan and released the final version on its website.
Washington Releases 2011 LIHTC Application Materials & Program Advisory
The Washington State Housing Finance Commission has released its 2011 Low-Income Housing Tax Credit Application Packet, including Qualified Allocation Plan (QAP), application, policies, certifications and various other resources.
Google Investing in LIHTC Fund Set Up By U.S. Bank
Tax Credit Advisor ““ October 2010 ““ A subsidiary of U.S. Bank has arranged and will manage a proprietary $86 million low-income housing tax credit fund for search engine giant Google.
Tax Reform Panel’s Report Mentions Housing Tax Credit
Tax Credit Advisor ““ October 2010 ““ The President’s Economic Recovery Advisory Board has released a report outlining various tax reform options that mentions the low-income housing tax credit but doesn’t make any recommendation about what should be done about it.
Missouri Agency Announces New Executive Director
The Missouri Housing Development Commission’s Board of Commissioners has approved Margaret Lineberry to serve as executive director of the agency.