President signs H.R. 1675 into law
On Friday, June 14, President Bush signed into law H.R. 1675. As a result, Owner/Agents have the option of using the electronic APPS system or using the paper 2530. H.R. 1675 also removes the...
View ArticleLow Income Housing Tax Credit (LIHTC) Student Occupancy Legislative Victory
Click the link for the complete NAHMAnalysis for the Student Rule.
View ArticleLate Housing Assistance Payments
NAHMA has updated their position on HUDâs inability to make housing assistance payments (HAPs) on time in the Grassroots section of their website under the heading âLate HAPsâ, which can be...
View ArticleFebruary 2008 LIHTC Newsletter
The February 2008 issue of the LIHTC Newsletter is now available online. You can find it in the Tax Credit Committee Section of the NAHMA website.
View ArticleFunding Requests for Fiscal Year 2009
The NAHMAnalysis 2008-0219: âFY 2009 Budget Request for Affordable Rental Housing Programsâ details the Presidential funding requests for Fiscal Year 2009 for affordable housing programs, as well...
View ArticleNew Guidance on âReasonable Modificationsâ under the Fair Housing Act
On March 5, 2008, the Departments of Housing and Urban Development (HUD) and Justice (DOJ) released guidance reinforcing the right of persons with disabilities to make âreasonable modificationsâ to...
View ArticleThe Affordable Housing Investment Act of 2008
Learn how the new legislation will update the LIHTC program and improve coordination among the affordable housing programs. You can also find the file on the NAHMA website by clicking here....
View ArticleFEDERAL TRANSLATION REQUIREMENTS
On March 28, the U.S. District Court for the District of Columbia dismissed the NAA/NMHC lawsuit seeking to block the U.S. Department of Housing and Urban Development's Limited English Proficiency...
View ArticleAffordable Housing Grassroots Information and Call to Action
NAHMA LEGISLATIVE ACTION: Project-Based Section 8 Emergency Supplemental Funding PLEASE SUPPORT AN EMERGENCY APPROPRIATION OF $2.8 BILLION to fully fund Project-Based Section 8 Contracts for their 12...
View ArticleContact Your Senator About The Project-Based Section 8 Emergency Supplemental...
NAHMA is continuing to fight for $2.8 billion in emergency supplemental appropriations to fund the 12-month terms of HAP contracts. Our efforts are concentrating on the Senate side because the House...
View ArticleGrassroots Action Alert: RHS Improper Payments Follow-up Audit
t has come to our attention that the USDA-Rural Housing Service is conducting a follow-up audit on improper Rental Assistance Payments for FY 07. RHS is required to conduct this study by the Improper...
View ArticleIRS Issues Final Rule on Utility Allowance
The IRS has published the final utility allowance rule in the Federal Register. The IRS added the option for owners to use utility estimates calculated by qualified professionals based on an energy...
View ArticleHousing and Economic Recovery Act of 2008, H.R. 3221
A synopsis of a H.R. 3221 that has been signed into law by President Bush is available below. There are several provisions that deal with housing tax credit program, bond program, foreclosure...
View ArticleRHS Improper Payment Audit Checklists
A major agenda item at NAHMAâs October Rural Housing Committee meeting is preventing improper Rental Assistance payments. Â As you may recall, a recent RD audit revealed more than 8% of surveyed RA...
View ArticleMichigan Governor Signs Housing Inspection Legislation
Michigan Governor Jennifer Granholm recently signed into law Senate Bill 635, sponsored by Senator Valde Garcia (R-Howell).  This new law grants authority to local units of government to allow for...
View ArticleFederal Government to Subsidize COBRA Premiums
The American Recovery and Reinvestment Act of 2009 includes a new subsidy of COBRA premiums for individuals who are involuntarily terminated from employment between September 1, 2008 and December 31,...
View ArticleComments on Draft 2009 Michigan QAP
Written comments received from the public in regard to the Draft 2009 Qualified Allocation Plan have been posted to the "February 2009 QAP Public Hearings" page of the MSHDA web site: Â...
View ArticleMichigan Senate Bill 1491 Senior Housing Tax Exemption
Please see the attached document regardint the Michigan Legislature's passage of Senate Bill 1491 regarding senior housing tax exemptions.Â
View ArticleOHFA Announces Sustainable Homeownership Excellence Awards
2009 CALL FOR ENTRIES The Ohio Housing Finance Agency is the leader in developing innovative, effective programs that strengthen Ohio communities and address affordable housing needs throughout the...
View ArticleOhio Real Estate Tax Update- LIHTC
The Woda Ivy Glen vs. Fayette County decision provides strong direction to county auditors and the Boards or Revision regarding how to consider governmental restrictions on the value of LIHTC...
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