Massachusetts

ICAST’s IRA & BIL Instant Benefit Estimate Calculator is now available on NH&RA’s website under the Resources section.

On November 13 Massachusetts Governor Deval Patrick outlined a bold new plan to produce 10,000 new multifamily housing units a year through 2020.

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.

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.

The National Housing & Rehabilitation Association (NH&RA) has announced five winners and ten finalists across ten competitive categories for this year’s J. Timothy Anderson Awards for Excellence in Historic Rehabilitation. The “Timmy Awards” will be presented at an awards luncheon and ceremony on Tuesday, October 30 at the Langham Hotel in Boston, Massachusetts, held in conjunction with the association’s Annual Fall Developers Forum. The winners and finalists represent fourteen different communities in ten states””Connecticut, Kansas, Kentucky, Louisiana, Massachusetts, Missouri, Oklahoma, Pennsylvania, Tennessee, Virginia””as well as the District of Columbia.

The Massachusetts Department of Housing and Community Development (DHCD) has issued a Request for Responses (RFR) for 150 housing vouchers from the Massachusetts Rental Voucher program (MRVP) to serve homeless families.

We are very pleased to announce that Aaron Gornstein, Undersecretary for Housing and Community Development in the Massachusetts Executive Office of the Governor, will be delivering the Keynote Address at NH&RA’s 2012 Fall Developers Forum. Registration is now open and our pre-sale registration discount expires this Friday, August 24! Multiple registration options are available.

The Massachusetts Department of Housing and Community Development, along with its sister agencies, will be hosting an information session for developers on using the Community Based Housing (CBH) and Facilities Consolidation Fund (FCF) programs for the development of independent, integrated units in affordable housing developments.

The Massachusetts General Court recently passed MA House Bill 4352, an economic development bill relative to several infrastructure investment measures, enhanced competitiveness and economic growth in the Commonwealth of Massachusetts.

The Massachusetts Department of Housing and Community Development (DHCD) has scheduled two public hearings to solicit comments on the Amended 2012 Qualified Allocation Plan (QAP) for the Low Income Housing Tax Credit (LIHTC).

The Massachusetts Department of Housing and Community Development (DHCD) has issued a notice detailing new actions taken to lessen the administrative burdens and improve the application process for the Fall 2012 LIHTC allocation application round.

The Massachusetts Department of Revenue (DOR) has released the first-ever Massachusetts Tax Credit Transparency Report.

NH&RA is pleased to announce that eight member firms have been selected to participate in the Federal Housing Administration’s (FHA) Multifamily Low-Income Housing Tax Credit Pilot program.