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NCSHA

NCSHA PRESENTS TESTIMONY AT U.S. SENATE HEARING EXAMINING SOLUTIONS TO AMERICA’S AFFORDABLE HOUSING CRISIS

National Council of State Housing Agencies (NCSHA) President Grant S. Whitaker testified before the U.S. Senate Committee on Finance during an August 1 hearing on “America’s Affordable Housing Crisis: Challenges and Solutions.” Whitaker addressed the nation’s critical need for affordable housing and the roles the Low Income Housing Tax Credit (Housing Credit) and tax-exempt private activity Housing Bonds (Housing Bonds) play in responding to that need.

IRS RELEASES 2017 INFLATION ADJUSTMENTS FOR HOUSING CREDITS AND BONDS

On October 25, IRS published Revenue Procedure 2016-55, which outlines the inflation adjustments for nearly 50 federal tax provisions, including the amount of Low Income Housing Tax Credit (Housing Credit) authority and Private Activity Bond (PAB) authority each state will receive.

Apartment Industry Applauds the Introduction of Middle-Income Housing Tax Credit Legislation

The National Multifamily Housing Council (NMHC) and National Apartment Association (NAA) issued the following statement in response to Senate Finance Committee Ranking Member Ron Wyden’s (D-OR) proposal to create a Middle-Income Housing Tax Credit (MIHTC)

Apartment Industry Responds to the Introduction of Middle-Income Housing Tax Credit Legislation

The National Multifamily Housing Council (NMHC) and National Apartment Association (NAA) issued the following statement in response to Senate Finance Committee Ranking Member Ron Wyden's (D-OR) proposal to create a Middle-Income Housing Tax Credit (MIHTC), which would work in conjunction with the Low-Income Housing Tax Credit (LIHTC) for the development of affordable rental homes:

NAHB Commends Sen. Wyden’s New Middle-Income Housing Tax Credit

The National Association of Home Builders (NAHB) today commended Sen. Ron Wyden (D-Ore.) for introducing the Middle-Income Housing Tax Credit Act of 2016. The legislation builds on the successful Low-Income Housing Tax Credit (LIHTC) by creating a new tax credit to spur the development of rental homes affordable to Americans with moderate incomes

Treasury Announces $3.5 Billion in New Markets Tax Credit Awards to Spur Economic Growth...

The U.S. Treasury Department’s Community Development Financial Institutions Fund (CDFI Fund) today announced more than $3.5 billion in New Markets Tax Credit awards aimed at stimulating investment and economic growth in low-income urban neighborhoods and rural communities nationwide. A total of 76 organizations (Allocatees) across the country will receive tax credit allocation authority under the 2014 round of the New Markets Tax Credit Program

OHFA Gives First-Time Buyers More Leverage to Achieve Home Ownership

COLUMBUS - May 5, 2014 - (RealEstateRama) -- The Ohio Housing Finance Agency (OHFA) encourages first-time buyers to take advantage of multiple savings through the Agency's First-Time Homebuyer program. Qualified buyers receive down payment assistance of up to 2.5 percent of the home's purchase price, a new mortgage tax credit, and a special interest rate reduction of .25 percent on all home loans. The special mortgage rate is limited to the first 250 loans reserved through a participating OHFA lender.

Turner Reintroduces Tax Credit for Historic Preservation

Washington, DC - February 27, 2013 - (RealEstateRama) -- Congressman Mike Turner, Co-chairman of the Historic Preservation Caucus, reintroduced the Historic Homeownership Revitalization Act of 2013. Enactment of this legislation would create jobs in t...

HUD sets 2013 Rent & Income Limits for Section 8 and Low-Income Housing Tax...

WASHINGTON, D.C. - January 08, 2012 - (RealEstateRama) -- The Housing and Economic Recovery Act (HERA) of 2008 made statutory changes to how income limits are calculated for LIHTC and bond-financed properties. HERA protected owners from rent decreases in 2009, and established a new system for owners to hold their income limits and rents harmless beginning in 2010.

NYCHA Announces Receipt of $44 Million in Low-Income Housing Tax Credit Equity

New York, NY - September 14, 2012 - (RealEstateRama) -- NYCHA Chairman John B. Rhea announced the recent receipt of $44 million in low-income housing tax credit equity payments associated with NYCHA’s Federalization transaction. The purpose of the Fe...

CDFI Fund Opens 2012 Competition Round of New Markets Tax Credit Program

Washington, DC - July 16, 2012 - (RealEstateRama) -- In anticipation of its likely publication in the Federal Register on July 19, 2012, the U.S. Department of the Treasury's Community Development Financial Institutions Fund (CDFI Fund) released today its 2012 Notice of Allocation Availability (NOAA) which officially opens the 2012 round of competition under the New Markets Tax Credit Program (NMTC Program)

Historic Tax Credit established in Pennsylvania

Harrisburg PA - July 12, 2012 - (RealEstateRama) -- On Saturday, June 30, Pennsylvania became the 30th state in the country to have a state historic tax credit when Governor Tom Corbett signed the FY 2013 Commonwealth Budget and established the Histori...

2012 Housing Tax Credit Contribution (HTCC) Program Overview Session

March 6, 2012 - (RealEstateRama) -- The Connecticut Housing Finance Authority is pleased to announce Application Overview Sessions on the Housing Tax Credit Contribution (HTCC) Program for 2012 on Monday, April 2, 2012 and Tuesday, April 3, 2012 beginn...

HUD sets 2012 Rent & Income Limits for Section 8 and Low-Income Housing Tax...

WASHINGTON, D.C. - December 20, 2011 - (RealEstateRama) -- The Housing and Economic Recovery Act (HERA) of 2008 made statutory changes to how income limits are calculated for LIHTC and bond-financed properties. HERA protected owners from rent decreases in 2009, and established a new system for owners to hold their income limits and rents harmless beginning in 2010.

Enterprise Closes $8.3 Million LIHTC Deal to Build 47 Units of Affordable Housing in...

SANTA MONICA, CA - November 15, 2011 - (RealEstateRama) -- Enterprise Community Investment, Inc. (Enterprise) today announced it has closed an $8.3 million Low Income Housing Tax Credit (Housing Credit) syndication deal to help Community Corporation of Santa Monica (CCSM) build High Place West Apartments, which will offer 47 units of affordable housing. High Place West will enable families earning 35 percent to 60 percent of area median income to live in the 32 two-bedroom and 15 three-bedroom apartments in a three-story building.

State to Gain More Than $300 Million in Affordable Apartments

July 6, 2011 - (RealEstateRama) -- Federal tax credits and other financing awarded last week to build affordable apartments is expected to support 6,900 jobs statewide. More than $300 million in development will result from the federal tax credit...

HUD sets 2011 Rent & Income Limits for Section 8 and Low-Income Housing Tax...

June 16, 2011 - (RealEstateRama) -- The Housing and Economic Recovery Act (HERA) of 2008 made statutory changes to how income limits are calculated for LIHTC and bond-financed properties. HERA protected owners from rent decreases in 2009, and established a new system for owners to hold their income limits and rents harmless beginning in 2010.

2011 Housing Tax Credit Contribution (“HTCC”) Program Application Due Date

WASHINGTON, D.C. - June 6, 2011 - (RealEstateRama) -- CHFA is currently accepting 2011 applications for the Housing Tax Credit Contribution (“HTCC”) Program.

Five New Hampshire Projects Receive Tax Credit Reservations

BEDFORD, N.H. - May 11, 2011 - (RealEstateRama) -- At its recent meeting, New Hampshire Housing Finance Authority’s Board of Directors approved the commitment of nearly $3 million in federal tax credits that will be used to support construction of 21...

Homeowners Want Federal Tax Credit Left Alone

Destin, FL - May 6, 2011 - (RealEstateRama) -- A majority of homeowners surveyed say they want Congress to leave the federal tax credit for homeowners alone, and institute other tax advantages to re-stimulate the U.S. housing market, according to a Housing Predictor opinion poll.

Business Real Estate Press Releases

Recent Gov & Nonprofit Real Estate Press Releases

HUD - U.S. Department of Housing and Urban Development

HUD OFFERS $112 MILLION TO EXPAND AFFORDABLE HOUSING OPPORTUNITIES FOR LOW-INCOME...

The U.S. Department of Housing and Urban Development (HUD) announced today that there is a combined $112 million available to expand the supply of permanent affordable housing for very low-income persons with disabilities.