CTCAC has published a final version of its draft proposal regarding income averaging. The policy is up for review at the May 16 committee meeting.
The draft proposes that only projects with a tax credit reservation prior to, or an application pending as of March 26, 2018 may apply for a revision in income targeting. Furthermore, this measure may only be taken to accommodate pre-existing over-income tenants and requests are granted at the discretion of the Executive Director.
The Connecticut Housing Finance Authority posted frequently asked questions to its 2024 Housing Tax Credit Contribution (HTCC) program.
The Nebraska Investment Finance Authority will hold Q&A workshops on its 2025 nine percent application on April 24 and May 3 at 1 p.m. and 1:30 p.m. CT, respectively.
Eugene Jones Jr. has been appointed executive director of the Virgin Islands Housing Finance Authority. Jones most recently served as executive director of the Atlanta Housing Authority and brings to his new role decades of experience working in housing agencies in cities, such as Chicago, Toronto, New Orleans and Detroit
The Kentucky Housing Corporation updated the cost containment limits for 2024.