Author: joloughlin

On February 9, President Trump ended the government shutdown by signing the Bipartisan Budget Act of 2018. This Act is a 2-year, $300 billion increase to the defense and nondefense spending caps for fiscal years 2018 and 2019.

On January 18, the Department of Health & Human Services published the 2018 poverty guidelines in the Federal Register (83 FR 2642) for the 48 contiguous states, the District of Columbia, Alaska and Hawaii.

NCSHA’s has updated and expanded its Recommended Practices in Housing Credit Administration. Due to numerous changes & challenges facing our industry, it was time for a thorough update. The resulting report strengthens the existing practices and includes 13 new practices. These practices are important as they will inevitable be implemented at the state level which means […]

President Trump signed The Tax Cuts & Jobs Act (H.R. 1), on December 22 preserving the Housing Credit, private activity Housing Bonds, the 2018 and 2019 new markets tax credit (NMTC) allocation application rounds, a revised historic tax credit (HTC) and existing phase-downs for the renewable energy investment tax credit (ITC) and production tax credit […]

The 2018 National Compliance Professional (NCP) Conference is scheduled and will soon be open for registration! This year’s extravaganza will be held in New Orleans, LA on September 26 & 27, 2018 at Hyatt Centric French Quarter New Orleans.

HUD has created a web page containing important resources in regards to VAWA implementation including a summary of industry questions & answers, HUD VAWA Forms and survivor resources.

The Medicare Part B premium will increase $25 or from $109 to $134.

On November 10, the Senate Finance Committee introduced its version of tax reform retaining the 4% and 9% Tax Credits and tax-exempt multifamily private activity bonds. It also preserves the 2018-2019 authorized NMTC allocation rounds. Other things the Senate bill includes: Repeal of the 10% non-historic rehabilitation tax credit (HTC) Reduction of the 20% HTC to 10%. […]

Earlier this month, the House introduced the Tax Cuts and Jobs Act. The bill proposes to reduce the future supply of affordable rental housing by nearly 1 million units and features a set of changes that would negatively affect the number of Tax Credit units built or rehabbed as it includes the elimination of private activity […]

Now that the 2017 NCP Conference has come and gone, I wanted to take a moment to fill you in on an announcement I made at this year’s event. I am retiring in 2020. But don’t worry. I will be working hard these next 3 years and will be making announcements as we progress towards […]

On October 26, the House approved the FY 2018 Budget Resolution, as passed by the Senate on October 19. By adopting the Senate’s Budget Resolution, the House avoided the need for a conference committee to work out differences between the two versions of the Budget Resolution.

On October 26th, HUD published a 2015 DDA & QCT extension in the Federal Register. 

On October 20, the IRS published Revenue Procedure 2017-58 indicating the 2018 inflation adjustments for various tax provisions, including the Housing Credit and the private-activity tax-exempt bond volume caps.

On October 16, the IRS published Revenue Ruling 2017-54, which reflects how $2.75 million of unused credits were distributed among 32 qualified states.

On October 13, 2017, the Social Security Administration announced that the nation’s nearly 66 million Social Security recipients will receive a 2% cost of living increase for 2018. This is up from last year, which saw a 0.3% increase. The increase will show up in regular Social Security checks in January and for Supplemental Security […]

I have compiled the 2017 National Compliance Professional (NCP) Membership Directory which contains a listing of all individuals who have earned their NCP or NCP-Executive between 2000-2017.

On September 11, HUD published its list of 2018 qualified census tracts (QCTs) and difficult development areas (DDAs). These areas are significant to the Housing Credit Program as they are eligible for as much as a 30% boost in eligible basis which can significantly increase the credit allocation award.

As part of our Annual National Compliance Professional (NCP) Conference, I always compile a Conference Guide filled with all the information that we discuss and brainstorm.

The 2017 National Compliance Professional Agenda is now available PLUS there is still time to register! Act soon as seats are filling fast! 2 significant registration discounts remain!

On September 1, HUD published in the Federal Register a notice announcing the 2018 fair market rents (FMRs).

On August 28, 2017, the IRS announced that victims in the 18 Texas counties affected by Hurricane Harvey will have certain protections afforded them.

HUD issued a notice in the Federal Register on August 23, 2017 regarding the RAD program unit cap.

On 8/23/17, HUD issued RHIIP Listserv 391 introducing a mandatory requirement to certify TRACS & TRACS Coordinators. 

On August 10, 2017, Anna Maria Farías was sworn in as HUD’s new Assistant Secretary for Fair Housing and Equal Opportunity (FHEO).