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Treasury Department Requests Information on Opportunity Zone Data Collection
Concurrent with publication of new proposed regulations on Opportunity Zones, the Treasury Department published a Request for Information (RFI) to seek public input on the development of information collection and tracking related to Opportunity Zone investments. In the RFI, Treasury notes the purpose of information collection and tracking is to measure the effectiveness of the Opportunity Zone policy in achieving its stated goals and to ensure that the investment remains an attractive option for investors.
NHC Releases 2018 Paycheck to Paycheck Report and Database
On April 16, the National Housing Conference released its 2018 Paycheck to Paycheck report and database highlighting housing affordability challenges for workers in 81 occupations living in 259 metropolitan areas in the United States.
Treasury Department Releases Additional Opportunity Zone Guidance
The Treasury Department released a highly anticipated second set of proposed regulations April 17 providing guidance on Opportunity Zone provisions of Internal Revenue Code section 1400Z-2. The regulations clarify certain issues addressed in the first set of proposed regulations last October and provide additional guidance on significant new issues.
Maryland Announces Four New Sustainable Communities
Three Eastern Shore towns and one community in Carroll County have been named Maryland's newest Sustainable Communities. With the addition of East New Market, Finksburg, Galena, and Hebron, the Smart Growth Subcabinet has designated 116 Sustainable Communities across Maryland since the creation of the program in 2010.
Hogan Administration Announces Additional $700,000 to Support Ellicott City Recovery Plan
The Maryland Department of Housing and Community Development today announced $700,000 in additional funding to continue supporting recovery efforts in Ellicott City. The funding will support Howard County’s recently announced second phase of the EC Safe and Sound plan. The plan seeks to ensure public safety, support business and property owners, maintain Ellicott City’s historic charm, and develop a more inclusive, community-driven process.
VHFA Distributes Increased Federal Tax Credits to Build Hundreds of Affordable Apartments Statewide
The Vermont Housing Finance Agency (VHFA) Board of Commissioners announced yesterday that its annual allocation of federal and state housing tax credits will support the development of 214 permanently affordable apartments in nine communities across the state. Low and moderate income Vermont renters will benefit from a 12.5 percent increase in Vermont’s annual allocation enacted by Congress last year.
R.E. Management President Victoria Parmentier Joins WHEDA Board
Victoria Parmentier has been appointed to serve as a member of the Wisconsin Housing and Economic Development Authority Board of Directors. Principles of R.E. Management have been used to manage four housing complexes in Green Bay since they were developed in 1980 and 1981, all serving seniors, persons with disabilities and families with dependent children.
California Housing Finance Agency Announces Accessory Dwelling Unit Financing Pilot Program
The California Housing Finance Agency is partnering with the non-profit Self-Help Enterprises to help alleviate the housing crisis by providing financing for Accessory Dwelling Units in the City of Clovis. Self-Help Enterprises, a community development organization based in the San Joaquin Valley, will use $2.5 million in funding from the California Housing Finance Agency to act as the construction lender for Clovis' Cottage Home Program.
HUD Asks for Ideas on How It Can Help in Opportunity Zones
Late Friday, HUD announced it is seeking public input on how it can use its existing authority to maximize the beneficial impact of Opportunity Zones.
Unsafe to Stay, Unable to Go: Half a Million Face Flooding Risk in Government Homes
When a deadly rainstorm unloaded on Houston in 2016, Sharobin White’s apartment complex flooded in up to six feet of water. She sent her toddler and 6-year-old to safety on an air mattress, but her...
NCSHA Washington Report | April 12, 2019
The IRS has been on our minds a lot lately and not just because it’s tax filing season. Last week, NCSHA commended the Service for clearing the way for states to serve more...
NJHMFA Celebrates Ribbon Cutting for Affordable Apartments for Families in Ocean Township Built With Sandy Recovery Funding
A ribbon-cutting ceremony celebrated the opening of 48 new affordable apartments for families today joined by New Jersey Housing and Mortgage Finance Agency (NJHMFA) executive staff, local officials, and representatives of co-developers, The Alpert Group and the Affordable Housing Alliance. Cindy Lane Apartments includes two three-story buildings with one- to three-bedroom apartments, and residents began moving into their new homes in February.
