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NNEHIF News
07.01.08 | NNEHIF 2007 Audited Year-End Portfolio Operating Expenses
Operating Expenses
01.18.08 | Maine Today
“Logan Place Wins Housing Award!”
Logan Place, Portland, ME: Article
08.21.07 | NNEHIF Unveils New Strategic Plan and Executive Summary
Strategic Plan | Executive Summary
06.01.07 | Portland Press Herald
“Housing for Low-Income, Visually Impaired Mainers Is Open”
Grand-opening ceremony for Iris Park Apartments, Portland, ME, 08.10.07: Article
03.08.07 | Concord Monitor
“Largest Project to Date – CATCH Adding 54 Apartments”
Friedman Court I, Concord, NH: Article
03.04.07 | New York Times
“A Portland Community Forges a New Identity”
Unity Village, Portland, ME: Article
08.06 | Affordable Housing Finance
“Designed to Help the Blind”
Iris Park Apartments, Portland, ME: Article
05.11.06 | Affordable Housing Tax Credit Coalition (AHTCC) announces winners
of the 12th Annual Charles L. Edson Tax Credit Excellence Awards
Among winners are Logan Place, Portland ME, and Millview, Laconia, NH
03.28.05 | New Economic Impact Study
New Hampshire Workforce Housing Council (WHC): One outcome of this study is the “conclusion that the lack of affordable housing for our
workforce causes the state to forego the creation of up to 2,800 new
jobs each year...”
06.04 | The Economic Impact of Affordable Rental Housing
in Four Maine Communities
Study by Planning Decisions, Inc. for Southern Maine Affordable Rental Housing Coalition (SMARHC): This study of economic impact on affordable housing debunks myths.
Asset Management Updates
Asset Management Goes Green! We thank the almost 75% of our partners who submit quarterly and year-end reports electronically. We encourage all of our partners to make an effort to help our environment by reducing paper usage and send reports via email. Please visit our FORMS page for several forms that can be submitted via our website. Contact our Asset Management Team for more information.
10.19.09 | Maine Real Estate Managers Association (MREMA) - 2009 Annual Conference | Sugarloaf Resort and Conference Center - Carrabassett Valley | October 19-21, 2009 | More information will follow.
10.13.09 | Granite State Managers Association - 22nd Annual Housing Managers Conference | Balsams Grand Resort - Dixville Notch, NH | October 13-14, 2009 | More information will follow.
06.22.09 | What property managers need to know! Recent legislation of the 124th Maine State Legislature affecting Maine property managers: Significant Bill Amendments and Laws Passed Requiring Property Manager Action.
06.19.09 | Check out the New HOME Compliance Guides for Project Managers and Regulators.
06.10.09 | Check out the New Green Building Guide from HUD.
03.31.09 | See properties in NNEHIF's portfolio by county. | Maine Map | New Hampshire Map
03.19.09 | FY 2009 Income Limits and Maximum Tax Credit Rents Released
The Income Limits and Maximum Tax Credit Rents have been updated, in effect as of March 19, 2009: Maine | New Hampshire Note: Tax Credit and HOME rent limits are not affected by the FMR.
01.01.09 | Social Security Announces 5.8% Benefit Increase for 2009
2009 | Revised Utility Allowances
07.17.08 | NH Tax Assessment Bill Signed
HB 1442 provides owners of LIHTC properties the option to elect to be assessed under a statutory income approach. Contact us if you would like assistance understanding your election under this new law.
KEY DATES:
April 15, 2009 - A taxpayer who elected to be assessed under the statutory income approach must provide the assessor with the completed Department of Revenue Administration (DRA) form and relevant supporting information by April 15 of each year.
October 1, 2008 - Taxpayers must analyze whether the bill will help them and then they must elect to be so assessed by October 1, 2008 for tax year 2009. With restrictions on rents but no restrictions on expenses, it is essential to look at all operating expenses.
IMPORTANT NOTE:
Taxpayer Election: The formula in the bill only applies if the taxpayer timely elects to be assessed under the bill by notifying the municipality by October 1, 2008 (for tax year 2009) or by October 1, 2009 (for tax year 2010). If a taxpayer does not so elect, the municipality will assess the property consistent with general New Hampshire assessment law. Read more:
HB 1442 New Law Assessment Method and Important Dates!
HB 1442 Housing Assessment Sections Only
Governor Lynch Signs Three Housing Bills
Ongoing | Asset Calculation Grid
A helpful tool to determine how to value assets in calculating income.
Ongoing | Fair Housing Alert
Alert
LIHTC News
06.19.09 | Check out the New HOME Compliance Guides for Property Managers and Regulators
06.10.09 | Check out the New Green Building Guides from HUD.
03.19.09 | FY 2009 Income Limits and Maximum Tax Credit Rents Released
The Income Limits and Maximum Tax Credit Rents have been updated, in effect as of March 19, 2009: Maine | New Hampshire Note: Tax Credit and HOME rent limits are not affected by the FMR.
2009 | MaineHousing Tax Credit Results
2009 | New Hampshire Housing Applications Round Two. Action by New Hampshire Housing's Board of Directors usually occurs in April.
2009 | Revised Utility Allowances
10.01.08 | New HUD Fair Market Rents Effective October 1, 2008
07.30.08 | Housing and Economic Recovery Act of 2008, H.R. 3221 Signed! Read the Press Release from the National Council of State Housing Agencies (NCSHA).
05.24.07 | NAHB Study Looks at 2007 Income Limits
Income
limits and maximum rent limits did not change for most areas in Maine
and New Hampshire this year. This appears to be a growing trend
throughout the country. The National Association of Home Builders recently issued a study regarding income limits in Tax Credit Properties. A summary of the findings: Income Restrictions Among Problems for LIHTC Properties, NAHB Study Finds | The study by Paul Emrath of the NAHB Housing Policy Department: HUD’s New Income Estimates Endanger Viability of Affordable Rents
04.24.07 | NNEHIF 2006 Audited Year-End Portfolio Operating Expenses
Report
01.30.07 | The Intersection of LIHTC and Section 8 Rents
Web Update 61
01.07 | HUD Office of Inspector General Issues
Audit Report on LIHTC/Section 8 Overlapping Subsidies The HUD Office of
Inspector General is recommending that HUD change its regulations to
cap gross rents paid to LIHTC project owners under the Section 8
tenant-based voucher program at 60% of AMI. Last year, HUD restricted
newly-issued Project-Based Vouchers to LIHTC rents, and this year
recommends changing all programs to cap gross rents. This article explains the audit findings.
09.06 | Low Income Housing Credit (LIHC) Newsletter
Summary of LIHC Program
11.05 | Changes in HUD Project-Based Voucher Program Rents
Changes effective November 2005
Ongoing | HFA Low Income Housing Tax Credit Compliance Handbooks: Maine
Maine State Housing Authority Documents and Manuals
[User name:*assetmanagement | Password: *4information]
Ongoing |HFA Low Income Housing Tax Credit Compliance Handbooks:
New Hampshire
New Hampshire Housing Finance Authority Documents and Manuals
Partner and Property News
07.30.09 | Lafayette School Apartments Open House | 4 pm
07.06.09 | TD Charitable Foundation | Offering $2 million in grants to support affordable housing initiatives from Maine to Florida, through its 2009 "Housing for Everyone" grant competition. Proposals will only be accepted online, at www.TDBanknorth.com or www.TDBank.com, and must be submitted by September 4, 2009, by 4 p.m. Notification of awards will be made in late October 2009.
07.01.09 | Friedman Court II and CATCH Neighborhood Housing | Read about awards. | CATCH in running for Home Depot Foundation Award | Green Building of America Award
03.27.09 | Portland's Pearl Place - Wins Design Award
2008 | Linda Harvey, Executive Director of Laconia Area Community Land Trust (LACLT) receives inaugural award presented by New Hampshire Charitable Foundation in partnership with Leadership Lakes Region 's.
2008 | Avesta Housing - Now a chartered affiliate of NeighborWorks® America.
2008 | TD Charitable Foundation | Donations made to Maine and New Hampshire housing partners through the "Housing for Everyone" program. In Maine - Avesta Housing, Penquis CAP and Preble Street; in New Hampshire - CATCH Neighborhood Housing, Families In Transition and NeighborWorks Greater Manchester received donations to support affordable housing initiatives.
Watch for upcoming ground-breaking ceremonies, ribbon cuttings, and open houses for our new properties.
News & Events
Last Update: 03.19.09
