The California legislature’s Budget Conference Committee vetted Governor Jerry Brown’s budget on June 9th, to be followed by a formal vote by the state Senate and Assembly in the near future. Democrats in the Assembly have been arguing for a boost in housing subsidies, while Brown has been arguing instead for passage of a by right development policy which would ease the zoning approval process for affordable housing developers.
Michigan expects an allocation of $3,522,622 from the National Housing Trust Fund for the upcoming year and has drafted an allocation plan and amended its Action Plan to reflect such. The public comment period is currently open.
Three of the state’s four revitalization programs have begun the application process for FY17 funding.
The due date is nearing for developers constructing or rehabilitating affordable housing statewide to apply for an allocation of 4% housing tax credits.
Multifamily HOME funded projects still in their affordability period are required to submit an Annual Rent Approval Form by July 8, 2016.
Virginia Housing Development Authority (VHDA) will be holding a 2017 QAP Forum to discuss potential updates to next year’s QAP.
Wisconsin Housing and Economic Development Authority (WHEDA) is in the process of drafting an Allocation Plan for the National Housing Trust Fund (NHTF). Comments are currently being accepted.
In September 2016, Alaska Housing Finance Corporation (AHFC) will announce the FY 2017 Notice of Funding Availability (NOFA) for its Greater Opportunity for Affordable Living (GOAL) Program. For eligibility to apply for GOAL Program funds, all applicants are required to comply with a sequential three (3) step application process. Applicants will NOT be eligible to apply for GOAL funding unless they first meet both deadlines for Steps (1) and (2).
The South Carolina State Housing Finance and Development Authority’s (SC Housing) Compliance Monitoring Department is hosting a workshop to provide an overview of compliance requirements for HOME and LIHTC/HOME developments.
Kentucky released the draft Qualified Allocation Plan for fiscal years 2017-2018. To solicit feedback, KHC invites partners to register for an upcoming forum.
The Alaska Housing Finance Corporation has opened its 2016 round for the Competitive Affordable Housing Program (AHP). The AHP can provide up to $500,000 in funding towards affordable housing projects.
Topics they would appreciate seeing addressed include “how recipients should be selected and what qualifications they should have; preferences based on geographic diversity; and how within the federal guidelines these funds should be used.”