Pennsylvania

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

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.

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.

The Pennsylvania Housing Finance Agency (PHFA) will host a public hearing to receive public comments on the 2014 Draft Low Income Housing Tax Credit Allocation Plan on Thursday, August 15 at 9:00 AM.

The Pennsylvania Housing Finance Agency has extended application deadline for the first cycle of Low Income Housing Tax Credit allocations through Wednesday, November 7, 2012 at 3:00pm.

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 Pennsylvania Housing Finance Agency will be holding their Pre-Application Meeting for its 2013 PennHOMES/Low Income Tax Credit (LIHTC) programs on Thursday, September 20, 2012. PHFA strongly suggests all prospective applicants attend this meeting.

The Pennsylvania Housing Finance Agency (PHFA) released a draft of its 2013 Qualified Allocation Plan (QAP). Notably, PHFA plans to accept applications in two cycles.

HUD’s Economic and Market Analysis Division regularly publishes Comprehensive Housing Market Analysis reports for regions across the country.

U.S. Senator Kirsten Gillibrand (D-NY) recently introduced the Irene and Lee Tax Relief Storm Recovery Act (S. 3243) which would expand access to the LIHTC and provide affordable housing to families who lost their homes due to destruction caused by Hurricane Irene and Tropical Storm Lee.

HUD’s Economic and Market Analysis Division has released Comprehensive Housing Market Analyses for Fort Worth-Arlington, Texas; Houston, Texas; and Reading, Pennsylvania.