Maine

Maine

HUD Updates FMRs for Areas in Maine and Texas

HUD updated the fair market rents (FMRs) for the Housing Choice Voucher Program, Moderate Rehabilitation Single Room Occupancy Program and other programs for Fiscal Year 2021 for four areas based on new survey data: Houston-The Woodlands-Sugar Land, TX HUD Metro FMR Area (HMFA), Knox County, ME, Lincoln County, ME and Waldo County, ME. Further, HUD responds to comments received on the FY 2021 FMRs.

QAP New Hampshire

Maine and New Hampshire Small-Scale Development Workshop: Sept. 23 and 24

The Incremental Development Alliance workshops on small-scale real estate development take a big-picture view of neighborhood-based development to help attendees analyze what makes a good project, how a building makes money and how small developers interact with professionals in the built environment. The goal is to help aspiring developers feel more prepared to take the […]

QAP Texas

Eleven States Offer COVID-19 Emergency Rental Assistance

A new analysis from the National Council of State Housing Agencies documents the critical components of state housing finance agency emergency rental assistance programs established in response to the COVID-19 pandemic. So far, 11 states (Arizona, Delaware, Florida, Idaho, Maine, Montana, New Hampshire, New Mexico, North Dakota, Rhode Island and Texas) have created emergency rental […]

Maine

Maine Legislature, Governor Approve State LIHTC

Maine Governor Janet Mills (D) signed H.P. 1180 to create a State LIHTC that is equal to the Federal LIHTC, beginning January 1, 2021. The Maine LIHTC will have a $10 million annual statewide cap, but unallocated funds can be carried forward to create a maximum $15 million per year.

Indiana

Partner Insights: Novogradac Publishes Blog Post On Bond Issuance Trends

A new note from Peter Lawrence with Novogradac and Co. analyses state use of the private activity bonds (PABs). In 2017, eleven states reported no multifamily PAB issuance, up from ten in 2016 and down from the high of 30 in 2011.

QAP Washington

IRS Divides $2.59M of Unused 2015 LIHTCs Among 30 States

The Internal Revenue Service divided $2.59 million in unused Low Income Housing Tax Credits from calendar year 2015 among 30 states.

Alabama

IRS Sets State Credit Ceilings for 2014

The Internal Revenue Service (IRS) announced in Revenue Procedure 2013-35 that it has set the inflation-adjusted State credit ceiling for the Low-Income Housing Tax Credit (LIHTC) program and private activity bond caps for calendar year 2014.

Connecticut

Affordable Housing in the New England Region: A New Special Report

Multifamily housing developers, community organizations, investors, and lenders interested in affordable rental housing in New England have a new resource available that provides a comprehensive overview of current opportunities. A special report entitled “A Variety of Approaches: New England State Agencies Differ in Needs, Priorities in Their Housing Credit Programs” reviews recent and current tax credit allocation activity, project trends, and state priorities in the New England states ““Connecticut, New Hampshire, Maine, Massachusetts, Rhode Island, and Vermont.

Maine

Maine Housing to Hold Public Hearing on 2014 QAP

MaineHousing will hold a public hearing of the Draft 2014 Qualified Allocation Plan at 9:30 AM on Tuesday, June 18, 2013.

Alabama

IRS Sets State Tax Credit Ceilings for 2013

The Internal Revenue Service (IRS) announced in Revenue Procedure 2012-41 that it has set the inflation-adjusted State credit ceiling for the Low-Income Housing Tax Credit (LIHTC) program and private activity bond caps for calendar year 2013.

Alabama

IRS Publishes Unused Housing Credit Carryover Amounts

The Internal Revenue Service (IRS) recently published Revenue Procedure 2012-42, which indicates the amounts of unused Low-Income Housing Tax Credit (LIHTC) carryovers for 2012. These carryovers, which amounts to nearly $2.43 million in unused credits, have been allocated to 34 states.

Maine

Maine Increases NMTC Cap for Certain Rural Projects

Maine State Senate President Kevin Raye (R-Perry) and Senator Doug Thomas (R-Ripley) recently succeeded in passing an amendment to the state’s FY 2013 budget which increases the individual tax credit cap for the state’s New Markets Capital Investment Program (NMCIP) program from $10 million to $40 million.

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