Recent News

Wednesday, February 21, 2018

The Wisconsin Assembly Tuesday passed a bill that would create a state low-income housing tax credit (LIHTC). If passed by the state Senate and signed by Gov. Scott Walker, the credit would be effective Jan. 1, 2018. It would largely mirror the federal LIHTC, have an annual cap of $42 million and be taken over six taxable years.

Friday, February 16, 2018

The U.S. Department of Housing and Urban Development (HUD) will publish in Tuesday’s Federal Register a notice revising fiscal year (FY) 2018 fair market rents for eight areas based on new survey data. The areas affected are urban Honolulu and Hawaii County, Hawaii; Hood River County and Wasco County, Ore.; Santa Cruz-Watsonville and Santa Maria-Santa Barbara, Calif.; Jonesboro, Ark.; and Seattle-Bellevue, Wash.

Monday, February 12, 2018

President Donald Trump’s proposed $4.4 trillion fiscal year 2019 (FY 2019) budget would cut by 18 percent U.S. Department of Housing and Urban Development (HUD) programs and would eliminate the HOME Investment Partnerships program, Community Development Block Grant program and Public Housing Capital Fund. Funding for HUD would be $6.8 billion less than annualized funding levels as per the continuing resolution for FY 2018 under the proposed FY 2019 budget.

Friday, February 9, 2018

President Trump today ended a brief government shutdown by signing the Bipartisan Budget Act of 2018, a two-year, $300 billion increase to the defense and nondefense spending caps for fiscal years 2018 and 2019.

Thursday, February 8, 2018

The Internal Revenue Service today issued Notice 2018-17 to expand temporary relief from certain low-income housing tax credit (LIHTC) and tax-exempt bond requirements to Puerto Rico. The relief, provided under Revenue Procedures 2014-49 and 2014-50, include temporary housing relief, compliance monitoring relief and carryover allocation relief. Read more here about Rev. Procs.

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