Recent News

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.

Wednesday, February 7, 2018

The Department of Treasury today released a second-quarter update to its 2017-2018 Priority Guidance Plan. Guidance for Opportunity Zones created under the new tax law was added in this update.

Wednesday, February 7, 2018

The Maryland Department of Planning has adopted amended regulations for its state historic tax credit, effective Feb. 12. The amendments clarify that qualified rehabilitation expenditures are the amount undertaken after approval of a rehabilitation plan. The regulations clarify that procedures for application for and review of certification of eligibility of the structure apply to amendments to the application as well as the original application.

Thursday, January 11, 2018

A bill filed by Missouri state Sen. Daniel Hegeman this week would reduce the annual cap on the state historic tax credit (HTC) from $140 million to $50 million, effective July 1. SB 590 would also make the state HTC discretionary, limit the credit to the least amount required for a project to be feasible (with a maximum of 25 percent of eligible costs) and make residential structures ineligible for the credits. The legislation was referred to a committee.

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