The Alabama Housing Finance Agency (AHFA) recently issued a notice of amendment to its allocation plan for the Section 1602 Tax Credit Exchange Program, provided for by the American Recovery and Reinvestment Act. According to the memo, AHFA inadvertently failed to delete the section of the plan that awards 10 points to projects that do not have an equity commitment with an investor and can provide written proof of rejection of the syndication of credits from at least three credit investors. read more…