CARH - CARH News - November/December 2011 Edition

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CARH News - November/December 2011 Edition

CARH’S BROADCAST E-MAIL –
CARH News

December 29, 2011

The November/December edition of CARH News, the Council for Affordable and Rural Housing’s (CARH) bimonthly newsletter, is now available online on CARH’s website, www.carh.org, or for viewing by clicking here. The CARH News is now published in an easy-to-read, digital magazine format!

In this issue:

CARH 2012 Mid-Year Meeting
No Agreement Reached by Super Committee
Will Rental Housing Lead the Recovery?
Advisory Trustee Profile: The Gill Group
Counsel's Corner: Appealing HUD Real Estate Assessment Center Physical Inspections
CARH Member Survey Results
Tech-No-Helper!?: Updating Tax Credit Compliance State Reports

Click here to read those articles and much more!

CARH members may also view archived editions of CARH News on the CARH website by logging in with your username and password.

Please contact CARH at This e-mail address is being protected from spam bots, you need JavaScript enabled to view it with any questions, feedback or suggestions for future improvements or articles.

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Helpful Links
RD HUD Income & Rent Calculator Americans with Disabilities Act (ADA) Fair Housing: Laws & Executive Orders Fair Housing Accessbility IRS Congress Supreme Court Government Accountablility Office Other Links

Tax Credit Percentages
For June 2013: 9%: 7.39 4%: 3.17 Previous Month's Credits The IRS publishes monthly credit percentages that apply to low-income housing tax credit buildings placed in service that month. There are two rates: the 70% present value credit (PVC) and the 30% present value credit. The maximum 70% rate is available for low-income new construction and substantial rehabilitation expendiretures that are not federally subsidized. The maximum 30% rate applies to acquisition expenditures and to federally subsidized low-income new construction or substantial rehabilitation expenditures. *Note: The Housing and Economic Recovery Act of 2008 provides for a flat minimum percentage of 9% for the 70% present value housing credit for projects placed in service after July 30, 2008. Tax forms and publications in the PDF format can be viewed, navigated and printed from a workstation using the freely available Acrobat Reader software from Adobe Systems Inc.

Tax Credit Percentages

For June 2013:
9%: 7.39 4%: 3.17

Previous Month's Credits

The IRS publishes monthly credit percentages that apply to low-income housing tax credit buildings placed in service that month. There are two rates: the 70% present value credit (PVC) and the 30% present value credit. The maximum 70% rate is available for low-income new construction and substantial rehabilitation expendiretures that are not federally subsidized. The maximum 30% rate applies to acquisition expenditures and to federally subsidized low-income new construction or substantial rehabilitation expenditures.

*Note: The Housing and Economic Recovery Act of 2008 provides for a flat minimum percentage of 9% for the 70% present value housing credit for projects placed in service after July 30, 2008.

Tax forms and publications in the PDF format can be viewed, navigated and printed from a workstation using the freely available Acrobat Reader software from Adobe Systems Inc.

Next CARH Meeting
The 2013 Annual Meeting & Legislative Conference will be held June 9-11, 2013, at the Ritz Carlton Pentagon City in Arlington, Virginia.