California Housing News – NoVoCo.Com Feed

• PRESIDENT RELEASES BUSINESS TAX REFORM FRAMEWORK
  The White House and the U.S. Department of the Treasury today released "The President's Framework for Business Tax Reform." ... […]
• PRESIDENT PROPOSES REFORM, EXPANSION OF HOUSING TAX CREDIT
  In the proposed fiscal year 2013 budget, released today, President Barack Obama proposes reforming and expanding the low-income housing tax credit (LIHTC)... […]
• PILOT PROGRAM TO ACCELERATE LIHTC DEVELOPMENT FINANCING
  The Federal Housing Administration (FHA) today announced a pilot program to test an accelerated approval process for the purchase or refinancing of low-income housing tax credit (LIHTC) properties.... […]
• VOLCKER RULE COMMENT PERIOD CLOSES MONDAY
  Organizations that wish to submit comments on a proposal to implement the provision of the Dodd-Frank Wall Street Reform and Consumer Protection Act commonly referred to as the Volcker Rule are reminded that the deadline to submit comments is Monday, February 13... […]
• IRS INVITES COMMENTS ON LIHTC PROPERTY INSPECTIONS
  The Internal Revenue Service (IRS) today issued Notice 2012-18 to inform state housing finance agencies (HFA) participating in the Physical Inspections Pilot Program of an alternate method of satisfying certain requirements under Section 42... […]
• TCAC TO CONSIDER EXTENSION OF READINESS DEADLINE
  The California Tax Credit Allocation Committee (TCAC) has proposed an extension of the readiness deadline to first-round 2011 low-income housing tax credit award recipients with redevelopment agency funding commitments... […]
• CALIF. ASSEMBLY INTRODUCES BILL TO PRESERVE RDA HOUSING FUNDS
  The California State Assembly yesterday introduced A.B. 1585, a proposal that preserves redevelopment agencies' unencumbered Low/Mod-Income Housing funds, which local communities use to fund affordable housing development... […]
• CALIFORNIA SEANTE PASSES S.B. 654
  The California State Senate today passed S.B. 654, the proposal that preserves redevelopment agencies' unencumbered Low/Mod-Income Housing funds.. […]
• PRESIDENT PROPOSES NEW TAX CREDITS IN STATE OF THE UNION
  In last night's State of the Union address, President Barack Obama proposed a new $6 billion Manufacturing Communities Tax Credit... […]
• BILL INTRODUCED TO INCREASE LIHTCs FOR STATES DAMAGED BY HURRICANE IRENE
  TRep. Christopher Gibson, R-N.Y., last week introduced H.R. 3769, the Irene and Lee Tax Relief Storm Recovery Act... […]