January 5, 2020

Revised Application for Affordable Housing and Sustainable Communities Program

Attention: Affordable Housing and Sustainable Communities Round 5 Applicants – Supplemental Application Has Been Revised The California Department of Housing and Community Development (HCD) has released a revised Round 5 Affordable Housing and Sustainable Communities (AHSC) Supplemental Application. What Changed? A formula error was identified and corrected in the Round 5 AHSC Supplemental Application: On the “AHD-HRI S&U Budget” tab, the formulas […]
January 5, 2020

NAHMA LIHTC Update: Low-Income Housing Tax Credit Rates for January 2020

The Internal Revenue Service (IRS) recently issued Revenue Ruling 2020-01, which provides various prescribed rates for federal income tax purposes, including applicable federal interest rates, adjusted applicable federal interest rates, and adjusted long-term and tax-exempt rates for January 2020. As provided in the ruling, Table 4 contains LIHTC Appropriate Percentages Under Section 42(b)(1) for January 2020: Appropriate percentage for the […]
January 5, 2020

NAHMA HUD Update: Stakeholder Notifications Posted to TRACS Web Page

Please find information from HUD regarding TRACS stakeholder notifications. For more information, please visit the TRACS webpage here. Affordable Housing Stakeholders, The following stakeholder notifications have been posted to TRACS web page: TRACS Notification of System Rollover TRACS Conference Agenda for January 2020 (12/10/2019) TRACS User Recertification Notification December 2019 (12/10/2019) TRACS Industry Working Group Update Ver2 [i.e., Logistics for Attending the Working Group Session] […]
December 24, 2019

NAHMAnalysis – Appropriations for Fiscal Year 2020, Final Report on RAD Evaluation, and Rural Housing Preservation

NAHMA published a NAHMAnalysis about the recent fiscal year 2020 funding bill, as well as highlights from HUD’s evaluation of the RAD program and an overview of approaches to protecting and expanding the rural affordable housing portfolio. Affordable Housing and Community Development Programs: Appropriations for Fiscal Year 2020 In late December, Congress completed the fiscal year 2020 (FY20) appropriations process, […]