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CARH Members' Survey Results - Merger of RHS Programs to HUD
CARH’S BROADCAST E-MAIL –
Membership Update

December 14, 2011

Early this Fall, CARH sent a survey to all of its members asking a series of questions about their properties and businesses. The survey was formulated in light of the House Financial Services Committee’s draft legislation that would propose moving Rural Housing Service (RHS) to a new office at the Department of Housing and Urban Development (HUD). CARH was also interested in gaining more information in light of the harmonization efforts to unify overlapping requirements between RHS, HUD and Treasury. Harmonization demonstration programs were also undertaken in selected states this Fall.

CARH formed a subcommittee to analyze the impact of the House Financial Service’s draft proposal. The CARH subcommittee requested the survey in order to have a better understanding from the members regarding the proposed draft legislation.

Approximately 12% of CARH’s members responded. For a blanket survey, especially one of this length, this was a very good response rate. Of those responding, there was a close split among those expressing a preference for or against the House Financial Service’s proposal. Almost 55% expressed an overall negative feeling that the transfer of the RHS housing portfolio to HUD would benefit the rural housing programs. A little over 45% responded that the RHS programs would benefit from the merger. Almost 68% of respondents own, manage or develop HUD properties. Most responding had interests in portfolios of more than 1,000 units. Most respondents had mixed feelings about a transfer, citing reasons for both transferring and maintaining the status quo, an indication of the complexity of the issue for many members. About half of the CARH members responding expressed an interest in serving on CARH’s subcommittee tasked to address the issue.

Click here for a copy of the survey responses. The results can also be found under “Surveys” in the Members Menu of the CARH website, www.carh.org. You must log in with your username and password in order to access that portion of the website.

If you have comments, questions, concerns or need more information on this issue, please contact the CARH National Office at This e-mail address is being protected from spam bots, you need JavaScript enabled to view it .
 
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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 2014 Midyear Meeting will be held January 26-28, 2014, at the Four Seasons Hotel in Las Vegas, Nevada.