Arch Communities and WinnDevelopment Begin Construction in Southbridge, MA

Arch Communities and WinnDevelopment, the multifamily housing developer within WinnCompanies, announced that construction is underway on a $25.7 million adaptive reuse project to transform a 104-year-old school building in Southbridge, MA, into 62 apartments for seniors age 55 and older.

QAP Wyoming

NCSHA Announces Newly Elected Board Officers and Directors

The National Council of State Housing Agencies held its Board of Directors election on October 26 during the association’s 2020 Annual Conference & Showcase. Nominated from among, and voted on by the executive directors of the member state housing finance agencies, NCSHA’s newly elected Board officers are:


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.


IRS Announces 2013 Carryover Allocations Totaling $2.46 Million

The Internal Revenue Service (IRS) recently published Revenue Procedure 2013-31, which details the amounts of unused Low-Income Housing Tax Credit (LIHTC) carryovers allocated for calendar year 2013.


Mississippi Announces Proposed Changes for 2013 QAP

The Mississippi Home Corporation (MHC) released an executive summary of proposed changes for its 2013 Qualified Allocation Plan following an October 25 public hearing.


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.


Mississippi Bill Allows Public Entities to Participate in NMTC Financing

The Mississippi State Legislature recently passed HB 1257 to amend Section 57-105-1 of the Mississippi Code of 1972 in order to allow certain public entities to participate in New Markets Tax Credit financing as qualified low-income businesses.


OCC Extends CRA Activities in Gulf Coast Disaster Areas

The Office of the Comptroller of the Currency (OCC) issued OCC Bulletin 2012-8 which will extend the deadline for consideration of Community Reinvestment Act (CRA) activities in areas that were affected by hurricanes Rita and Katrina.


IRS Issues Notice on Refunding Disaster Relief Bonds

The IRS issued Notice 2012-3 to provide guidance on current refunding issues for outstanding prior bond issues that qualify for tax-exempt bond financing under disaster relief bond programs including Gulf Opportunity Zone Bonds (GO Zone Bonds), qualified Midwestern disaster area bonds and Hurricane Ike disaster area bonds under the Heartland Disaster Act.


Mississippi Releases 2012 QAP Executive Summary

The Mississippi Housing Corporation (MHC) presented the Executive Summary of its proposed 2012 Qualified Allocation Plan (QAP) revisions during its November Board meeting.


Study Examines Gulf Recovery After Hurricanes Katrina, Rita

U.S. Housing and Urban Development recently contracted with Abt Associates Inc. and released a two-part study examining the housing recovery efforts in the Gulf Coast after Hurricanes Katrina and Rita.


Bill Would Extend Increased Historic Credit for Midwestern Disaster Communities

U.S. Representative Bruce Braley (D-IA) last week introduced the Rebuilding Communities Act (H.R. 2901), which would extend a provision enacted in 2008 that increased the historic tax credit to 26 percent and the rehabilitation tax credit to 13 percent in Midwestern communities affected by natural disasters.

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