California Housing News – NoVoCo.Com Feed

  • IRS ISSUES GUIDANCE RELATED TO LIHTC PROPERTY DISPOSITION
    The Internal Revenue Service (IRS) today issued Revenue Procedure 2012-27, which describes how to make the notifications required to begin the three-year statutory period for assessing a deficiency resulting from a reduction in the qualified basis of a low-income housing tax credit (LIHTC) building that occurs after the taxpayer disposes of the building (or […]
  • IRS TO ISSUE FINAL QUALIFIED CONTRACT REGULATIONS
    The Internal Revenue Service (IRS) will formally publish final regulations tomorrow regarding low-income housing tax credit (LIHTC) qualified contract rules... […]
  • HUD DESIGNATES 2013 QUALIFIED CENSUS TRACTS
    The U.S. Department of Housing and Urban Development (HUD) has designated qualified census tracts (QCTs) for 2013 for purposes of the low-income housing tax credit (LIHTC) under Section 42 of the Internal Revenue Code (IRC)... […]
  • GAO RELEASES REPORT ON TAX EXPENDITURES
    The Government Accountability Office (GAO) has released a report about measuring the effectiveness of community development tax expenditures including the low-income housing tax credit, new markets tax credit and historic tax credit, among others... […]
  • IRS RELEASES POPULATION ESTIMATES FOR 2012
    The Internal Revenue Service (IRS) today released its 2012 Calendar Year Resident Population Estimates ... […]
  • UTAH ENACTS LIHTC PROPERTY TAXATION LAW
    Utah Gov. Gary Herbert last week signed H.B. 75 to require low-income housing tax credit (LIHTC) property owners to annually provide certain information to county assessors ... […]
  • DALLAS DISTRICT COURT RULES AGAINST TDHCA IN DISPARATE IMPACT CLAIM
    The Dallas Federal District Court today ruled in favor of the plaintiff in a lawsuit that challenged the Texas Department of Housing and Community Affairs' (TDHCAs') allocation of low-income housing tax credits (LIHTCs) in the Dallas metropolitan area ... […]
  • REP. BACA INTRODUCES BILL TO FUND AFFORDABLE HOUSING
    Rep. Joe Baca, D-Calif., on Tuesday introduced H.R. 4144, the Strengthening Economic Development Through Affordable Housing Act ... […]
  • REPS. TIBERI AND NEAL URGE SUPPORT OF H.R. 3661
    Reps. Patrick Tiberi, R-Ohio, and Richard Neal, D-Mass., on February 28 sent a letter to members of Congress urging them to support H.R. 3661... […]
  • OCC EXTENDS DEADLINE FOR CRA ACTIVITIES IN GULF COAST DISASTER AREA
    The Office of the Comptroller of the Currency (OCC) has extended the deadline for consideration of Community Reinvestment Act (CRA) activities in areas that were affected by hurricanes Rita and Katrina.... […]