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U.S Housing and Urban Development (HUD) Awards Capital Funds to Local Delaware Housing Authorities

Today the U.S. Housing and Urban Development (HUD) awarded $5,200,789 to several Delaware housing authorities, including the Delaware State Housing Authority (DSHA), Wilmington Housing Authority (WHA), Dover Housing Authority (DHA), and Newark Housing Authority (NHA).  The funding is part of ... read more...

Reconciling Next Year in Congress – Low Income Housing Tax Credit (LIHTC) Exchange Program Still Looking Good and More

The United States Senate released a summary explaining Senate Amendment 4301 which seeks to replace the Tax Extenders Bill (H.R. 4213). Senate Amendment 4301 will extend the Section 1602 IRS Low Income Housing Tax Credit (LIHTC) cash grant exchange program for affordable housing communities and ... read more...

2010 Delaware Low Income Housing Tax Credit Rankings Delayed until July 9, 2010

The Delaware State Housing Authority (DSHA) released a notice this morning that the rankings for the 2010 Low Income Housing Tax Credit (LIHTC) Applications in response to the 2010 Qualified Allocation Plan (QAP) will be delayed from June 18, 2010 until July 9, 2010 because of the “delay ... read more...

HUD Awards over $18 million of American Recovery and Reinvestment Act (ARRA) Funds to the Wilmington Housing Authority (WHA)

Yesterday, I attended a press event to mark the U. S. Department of Housing and Urban Development (HUD) awarding the Wilmington Housing Authority (WHA) over $18 million in American Recovery and Reinvestment Act (ARRA) Funds.  Needless to say, this has a tremendous impact on the City of ... read more...

First Time Home Buyer/ Existing Home Owner Tax Credit Extended and Expanded

In case you did not see, the $8,000 First Time Home Buyer Tax Credit has been extended until April 30, 2010.  In a previous post, I described this goal and also mentioned the issue with being under contract versus closing.  When extending the tax credit for first time home buyers, Congress also ... read more...

The Obama Administration Announced New Initiatives for State and Local Housing Finance Agencies

The Obama Administration through the United States Department of Housing and Urban Development (HUD) annouced two new initiatives to help state and local housing finance agencies and the affordable housing industry. The first initiative is the New Issue Bond Program (NIBP), whereby the United ... read more...

October IPED Tax Credit Conference in Boston

I attended the IPED low income housing tax credit (LIHTC) conference in Boston last week, which focused on tax credit property dispositions.  The conference speakers reinforced that syndicators/ investors are holding most of the cards lately.  Frankly, even the investors represented on panels ... read more...

First Time Home Buyer Tax Credit

The first time home buyer tax credit expires on November 30th.  Industry partners hope that it will be renewed so it continues beyond November 30th, but also are hoping to get a technical fix as well.  The current version is tied to closing on the house before December 1st.  Industry partners ... read more...

Affordable Rental Housing A.C.T.I.O.N.

Affordable Rental Housing A.C.T.I.O.N. is “a grassroots campaign led by a broad national coalition of cross industry organizations focused on stimulating investment in affordable rental housing” and is advancing a Federal legislative agenda to help secure the affordable rental ... read more...