Louisiana

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.

Louisiana

Louisiana HOPE VI Project to Utilize Historic Tax Credits

The Hurricane Damaged Historic Bastrop High project in Bastrop, Louisiana will completely renovate the old Bastrop High School building as part of a HOPE VI Main Street Grant.

QAP Washington

NCAHMA Submits Comments to State Agencies

The National Council of Affordable Housing Market Analysts recently submitted comments on the proposed 2010 qualified allocation plans (QAP) of several states for administering their upcoming rounds of low-income housing tax credit (LIHTC) program funding, including the Connecticut Housing Finance Authority, the New Mexico Mortgage Finance Authority, the Washing State Housing Finance Commission and the Louisiana Housing Finance Agency.

Alabama

NH&RA Urges Congress to Extend GO Zone Benefits

NH&RA’s Historic Preservation Development Council is working to extend expiring Tax Incentives for historic rehabilitation projects in the Gulf Opportunity Zone in Louisiana, Mississippi and Alabama. These benefits are currently due to expire at the end of 2009. As a result of our efforts we expect legislation to be introduced shortly that will be co-sponsored by Congressman Artur Davis (D-Ala.) and Congressman Charles Boustany (R-La.).

California

Obama Nominates Three More State Rural Housing Directors

The Obama Administration recently continued naming individuals who will serve as State Director for Rural Development at the USDA.

Louisiana

Louisiana Schedules Public Hearing on GO Zone Policy

The Louisiana Housing Finance Agency (LHFA) will hold a public meeting on September 23 in Baton Rouge to receive comments on the agency’s proposed amendment to the State’s 2007/08 GO Zone Qualified Allocation Plan.

Louisiana

Louisiana Schedules Public Hearing on Weatherization Assistance Program

The Louisiana Housing Finance Agency (LHFA) will hold a public hearing on September 3, 2009 in Baton Rouge to solicit comments regarding the state’s Weatherization Assistance Program, established by the American Recovery and Reinvestment Act of 2009.

Louisiana

GAO Recommends Further Guidance on Disaster CDBG Grants

The Government Accountability Office (GAO) recently conducted a report to study the impact of the Community Development Block Grant (CDBG) disaster program in Louisiana and Mississippi.

Alabama

Treasury Announces Next Wave of Exchange Program Awards

The U.S. Department of the Treasury on July 10 announced $486 million in American Recovery and Reinvestment Act (ARRA) funding to spur the development of affordable housing units through its Section 1602 Tax Credit Exchange Program.

Alabama

Senator Bayh Introduces Disaster Housing Legislation

Senator Evan Bayh (D-Ind.) has proposed legislation that would make $230 million in funding immediately available to begin work on shovel-ready affordable housing developments in flood-ravaged areas of Indiana. The legislation would clarifiy that disaster housing credits in Indiana, Alabama, Arkansas, Illinois, Iowa, Kansas, Louisiana, Michigan, Missouri, Minnesota, Nebraska, Texas and Wisconsin would be eligible for the Tax Credit Exchange Program.

Louisiana

Louisiana Incorporates NCAHMA Membership Into LIHTC Process

The Louisiana Housing Finance Agency (LHFA) in a recent request for qualifications from LIHTC market analysts, has stated that qualified applicants must provide proof of membership in the National Council of Affordable Housing Market Analysts (NCAHMA).

Alabama

States’ ARRA Resource Page

NH&RA will continue to update the ARRA resource page below as information is made available.

Louisiana

Treasury Letter Says GO Zone Credits Not Eligible for Exchange

Novogradac & Company recently issued an alert providing and update on the eligibility of exchanging GO Zone Credits using the Tax Credit Exchange Program.

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