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Turn Up The Heat
The National Housing Trust Fund Campaign is asking all supporters to take the time to visit their Congressional representatives during the July 4th break, July 1-11, 2005 and urge them to support the bipartisan H.R. 1461, the Federal Housing Finance Reform Act of 2005, which includes the establishment of an AFFORDABLE HOUSING FUND to support affordable housing production, preservation, and rehabilitation. They have created a Tookit to help make the case. It is available at: http://www.nhtf.org/toolkit.asp.
Emergency Housing and Assistance Program Awards Announced
California Department of Housing and Community Development Director Lucetta Dunn announced on Monday the award of more that $34.5 million to provide shelter for 2,128 homeless individuals in 24 counties throughout the state.
San Diego County received about 8% of the total funding as follows:
|
City |
Agency |
Grant Amount |
Beds |
| Escondido | North County Serenity House, Inc. |
$998,793 |
12 |
| San Diego | Vietnam Veterans of San Diego |
$1,000,000 |
90 |
| Vista | North County Solutions for Change |
$924,850 |
40 |
|
TOTALS |
$2,923,643 |
142 |
IRS Announces Safe Harbor for Eviction, Rent Increase Restrictions in LIHTC Extended Use Commitments
The Internal Revenue Service (IRS) announced a safe harbor in Revenue Procedure 2005-37 under which state housing agencies and low-income housing tax credit (LIHTC) project owners may meet the requirements of Internal Revenue Code Section 42 concerning extended low-income housing commitments. As described in Question and Answer #5 of Revenue Ruling 2004-82, Section 42(h)(6)(B)(i) requires that eviction and rent increase restrictions apply throughout the extended use period and not simply for the three years after that period - an interpretation contrary to industry practice. The safe harbor in Rev. Proc. 2005-37 allows LIHTC commitments entered into before January 1, 2006 to use catch-all language to comply with this interpretation. Specific language relating to the restrictions must be included in commitments executed after December 31, 2005. See http://www.irs.gov/pub/irs-drop/rp-05-37.pdf for details.
Call for Submissions
14th Annual San Diego Affordable Housing &
Community Development
Conference
Friday, October 21, 2005
Point Loma Nazarene
University
The Conference Planning Committee is requesting proposals to conduct workshops at the 14th Annual Conference. Please take a look at the topic areas and put togther a panel to share the things you have learned this past year. Click here to download the form: http://www.housingsandiego.org/conference/conference_lastyear.php
Celebrating 15 Years of Support and Advocacy for Affordable Housing