News

Thursday, September 24, 2020

The Community Development Financial Institutions (CDFI) Fund today awarded $204.1 million to 397 CDFIs through the fiscal year 2020 round of the CDFI program and Native American CDFI Assistance (NACA) program .

Thursday, September 24, 2020

The calendar year (CY) 2020 New Markets Tax Credit (NMTC) notice of allocation availability (NOAA) references a new requirement for applicants to complete and save their NMTC application registration within the Awards Management Information System (AMIS) before Oct. 9 at 5 p.m. ET. The NMTC application registration includes applicant information such as applicant name and controlling entity name.

Wednesday, September 23, 2020

The U.S. Department of Housing and Urban Development (HUD) will publish a notice in Thursday’s Federal Register designating difficult development areas (DDAs) and qualified census tracts (QCTs) for 2021 for purposes of the low-income housing tax credit (LIHTC). DDAs and QCTs are eligible for a 30 percent basis boost in LIHTC properties.

Wednesday, September 23, 2020

The U.S. Department of Housing and Urban Development (HUD) will publish a final rule in Thursday’s Federal Register for HUD’s implementation of the Fair Housing Act’s disparate impact standard.

Tuesday, September 22, 2020

A Novogradac special report released today examines the implications of a Democratic sweep of the House of Representatives, Senate and White House in November’s election.

Tuesday, September 22, 2020

The Community Development Financial Institutions (CDFI) Fund will publish a notice of allocation availability in Wednesday’s Federal Register, making $5 billion in new markets tax credit (NMTC) allocation authority available for the 2020 NMTC allocation round. The 2020 NMTC allocation round is the final round authorized by Congress. Applications are due Nov. 16.

Monday, September 21, 2020

The Federal Reserve Board today unanimously approved an advance notice of proposed rulemaking (ANPR) and published a press release on an approach to modernize Community Reinvestment Act (CRA) regulations.

Friday, September 18, 2020

The U.S. Department of Housing and Urban Development (HUD) today published a notice amending Rental Assistance Demonstration (RAD) Notice Revision 4 concerning two issues related to the COVID-19 pandemic.

Thursday, September 17, 2020

Hawaii legislation effective Sept. 15 provides that for taxable years beginning Jan. 1, 2020, no renewable energy technologies tax credit can be claimed for a solar energy system that is 5 megawatts or larger in total output capacity and requires a power purchase agreement (PPA) approved by the public utilities commission (PUC). S.B. 2820 clarifies that those systems placed in service with a PPA approved or pending before Dec.

Thursday, September 17, 2020

Sen. Ron Wyden, D-Ore., today introduced disaster relief legislation that would increase low-income housing tax credit (LIHTC) allocation by as much as 50 percent in 2021 for 2020 disaster areas. The 2020 Disasters Tax Relief Act includes relief for areas affected by the Iowa derecho, wildfires in California and Oregon and areas affected by hurricanes Laura and Isaias.