ICAST’s IRA & BIL Instant Benefit Estimate Calculator is now available on NH&RA’s website under the Resources section.
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.
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.
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.).
The Obama Administration recently continued naming individuals who will serve as State Director for Rural Development at the USDA.
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.
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.
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.
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.
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.
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).
NH&RA will continue to update the ARRA resource page below as information is made available.
Novogradac & Company recently issued an alert providing and update on the eligibility of exchanging GO Zone Credits using the Tax Credit Exchange Program.