New York

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

Deborah VanAmerongen, commissioner of the New York State Division of Housing and Community Renewal, is resigning effective Jan. 15, 2010.  VanAmerongen has served at the agency’s top post since 2007 and was a frequent speaker at NH&RA events.  VanAmerongen will join the law firm Nixon Peabody LLP as an advisor.

The New York State Division of Housing & Community Renewal (DHCR) held a conference call with DHCR-approved market analysts to solicit questions and feedback with regards to its market study process and requirements for the 2010 low-income housing tax credit (LIHTC) funding round.

The New York State Division of Housing and Community Renewal (DHCR) has proposed changes to the Low-Income Housing Credit Program Qualified Allocation Plan, the regulation which set forth many of the parameters under which DHCR administers the federal tax credit program and selects projects for funding.

The New York State New York State Department of Taxation and Finance (Office of Counsel) has issued a guidance letter concerning the recently enacted New York State Commercial Historic Tax Credit.

The New York Department of Housing and Community Renewal (DHCR) has released its proposed 2010 qualified allocation plan (QAP) for administering the federal low-income housing tax credit (LIHTC) program.

The New York State Senate is considering legislation related to conveyances involving real property financed with federal low-income housing tax credits.

Governor David Paterson today (7/29) signed into law legislation that improves the New York State Historic Rehabilitation Tax Credit program.

Governor David A. Paterson signed into law new legislation that will extend affordable housing for another 30 years to the tenants of the Starrett City housing complex in Brooklyn, the nations largest publicly assisted affordable housing complex.

New York State Assembly member Sam Hoyt and Senator David Valesky (Dem.) announced on July 17, 2009 that the New York State Legislature passed legislation (A.9023/S.6056) to create an expanded historic preservation tax credit program that will offer opportunities for economic development and job creation while utilizing existing infrastructure.

U.S. Department of Housing and Urban Development Secretary Shaun Donovan yesterday announced that HUD has approved requests from 26 states for over $1 billion in funding through the Tax Credit Assistance Program (TCAP), provided by the American Recovery and Reinvestment Act of 2009 (ARRA).

The New York Department of Housing and Community Renewal (DHCR) has published a report, Statewide Affordable Housing Needs Study under its Office of Policy Research and Development.

The New York State Senate this week unanimously passed S2960, which strengthens the state’s historic rehabilitation tax credit program. The legislation will expand reinvestment in distressed New York communities and improve the program’s ability to implement cost saves strategies.