10-29 HUD & Affordable Housing Funding :: The Construction Management Pro

10-29 HUD & Affordable Housing Funding

HDR REPORTS:

HUD ISSUES PROPOSED RULES FOR NATIONAL HOUSING TRUST FUND

HUD published proposed rules for the national affordable housing trust fund in today’s Federal Register, and comments are due December 28..  The rules include provisions on eligible activities, income targeting, project requirements, and program administration.  HUD published proposed regulations for the allocation formula last December, and there are no changes to that proposal in the new program rules. (For further information, contact Marcia Sigal, 202-402-3002.)

NO TAX CREDITS AVAILABLE FOR NATIONAL POOL IN 2010

The Internal Revenue Service announced yesterday that there will be no low-income housing tax credit national pool for 2010.  Acccording to Notice 2010-74, which is scheduled for publication in the November 15 Internal Revenue Bulletin, there are no unused carryover credits available for redistribution

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