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News

Tuesday, April 7, 2020

Legislation signed into law in Utah allows state and federal low-income housing tax credits to be transferred and provide a one-time extra allocation to the Olene Walker Housing Fund. Under S.B.

Tuesday, April 7, 2020

The Opportunity Zones Working Group (OZWG) today submitted a request to the Department of the Treasury, seeking relief from certain provisions concerning the opportunity zones (OZ) incentive due to the COVID-19 pandemic.

Tuesday, April 7, 2020

The National Low Income Housing Coalition (NLIHC) today released an analysis showing that Congress must invest up to $100 billion over the next year to keep lowest-income households stably housed in the wake of the COVID-19 pandemic.

Monday, April 6, 2020

The Office of the Comptroller of the Currency last week made public 28 Community Reinvestment Act performance evaluations from March. Twenty-two evaluations were satisfactory and six were outstanding. The evaluations were for national banks, federal savings associations and insured federal branches of foreign banks.

Thursday, April 2, 2020

The U.S. Department of Housing and Urban Development (HUD) this week published a notice to implement fiscal year 2020 funding for the housing choice voucher program.

Wednesday, April 1, 2020

The Internal Revenue Service will publish a notice in Monday’s Federal Register containing clarifications to Treasury Decision 9889, the final regulations concerning opportunity zones. The corrections cover a variety of issues set forth in TD 9889. There are 24 pages of corrections, all related to Internal Revenue Code Section 1400Z-2.

Wednesday, April 1, 2020

Jodi Harris, director of the Community Development Financial Institutions (CDFI) Fund, today released a statement concerning the organization’s adaptation to the COVID-19 pandemic. Harris said she expects the CDFI Fund to continue to administer its funding rounds “on a timely basis,” but said the CDFI Fund is “routinely evaluating” its processes.

Industry-Leading LIHTC Guide
The Low-Income Housing Tax Credit Handbook is the authoritative guide for affordable rental housing owners, developers, managers and investors, and the professionals who counsel them.
Comprehensive NMTC Insights and Information
From application and financing to development and compliance, the Novogradac New Markets Tax Credit Handbook is your definitive guide to the new markets tax credit (NMTC).
Essential Historic Rehabilitation Resource
The Novogradac Historic Rehabilitation Handbook contains the most current guidance on rehabilitating historic properties with the historic tax credit.