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Hogan Administration Announces $15 million Available for Catalytic Revitalization Tax Credit
The Maryland Department of Housing and Community Development announced today the second application round of the Catalytic Revitalization Tax Credit program, designed to rehabilitate properties formerly owned by the government for economic and community development purposes.
Florida Housing Finance Corporation Honors Hurricane Michael Anniversary and Emphasizes Commitment to Providing Housing Resources to Floridians Impacted by Hurricane Ian
On October 10, 2018, Hurricane Michael made landfall in Northwest Florida as a Category 5 hurricane, destroying homes and businesses, and forcing families to look for new places to live and work. Thanks to state and federal resources, as well as the determination, resiliency, and hard work of these communities, they have been able to rebuild and invest in the future of the region.
IRS Extends Housing Credit Placed-In-Service and Other Deadlines at NCSHA’s Request
Today, the Internal Revenue Service released Notice 2022-52, which builds on previous notices related to COVID-19 relief the IRS has provided to Housing Credit agencies and their industry partners,...
Average Income Test Final Rule Appears to Facilitate Practical Implementation of the New Set-Aside in Housing Credit Developments
Today, the U.S. Department of the Treasury and the Internal Revenue Service published final and temporary regulations providing guidance on the Low Income Housing Tax Credit (Housing Credit) Average...
NCSHA Washington Report | October 7, 2022
The first comprehensive federal review of the Federal Home Loan Bank system is officially underway, with the completion this week of three days of public testimony from interested parties in...
Kansas Emergency Rental Assistance Awards More Than $250 Million to Kansans in Need
More than 75,000 Kansans and 10,000 housing and service providers have received more than $250 million in rental and utility assistance, preventing thousands of evictions and providing vital services to more than 30,000 families at risk of losing their homes.
Administration Announces Progress on Housing Supply Action Plan, Release of Housing Credit Average Income Rule and Deadline Extensions
This morning the Biden-Harris Administration published a progress report on its efforts to advance the agenda items in the Housing Supply Action Plan released last May, including the announcement of today’s imminent publication of the final rule for the Housing Credit Average Income Test (AIT) minimum set-aside and Internal Revenue Service guidance extending the placed-in-service deadlines for certain Housing Credit developments, as well as other deadline extensions for which NCSHA has been advocating. NCSHA will publish blogs later today analyzing the AIT final rule and the deadline extensions.
HCR and CPC Partner on $250 Million Climate Friendly Homes Fund to Help Increase Building Electrification and Reduce Carbon Emissions
New York State Homes and Community Renewal and the Community Preservation Corporation, a leading New York-based nonprofit housing and community revitalization finance company, are partnering on the State’s new $250 million Climate Friendly Homes Fund.
Connect Maryland: Governor Hogan Announces Applications Open Today for $95 Million to Further Expand Broadband Access
Governor Larry Hogan announced that applications open today for $95 million in funding to expand high-speed internet access across the state through Connect Maryland, an initiative to supercharge the state’s investment in broadband and address the digital divide.
Housing Assessment Says State’s Population is Wealthier, Younger and More Racially Diverse
A decade ago, North Dakota’s housing needs were driven by a rapidly growing population. A statewide housing needs assessment conducted by North Dakota State University’s (NDSU) Center for Social Research in partnership with North Dakota Housing Finance Agency (NDHFA) says the state’s focus needs to shift from building as fast as possible to addressing the age of its housing stock, limited housing options and affordability barriers.
HUD Makes Available Unprecedented $379 Million in Choice Neighborhoods Funding
HUD's Signature Place-Based Program Available to Cities of All Sizes WASHINGTON - The U.S. Department of Housing and Urban Development (HUD) today announced the availability of an historically-high...
Reuter and Barden Recognized with Champion of Affordable Housing Awards
North Dakota Housing Finance Agency (NDHFA) presented Champion of Affordable Housing Legacy Awards to Jacob Reuter of Fargo, ND, and Dwight Barden of Bismarck, ND, during a Statewide Housing Forum. The award recognizes individuals who have demonstrated outstanding efforts at advocating for or providing affordable housing or related services.
