Jessica Hoefer Author Archives

General News

DC Opens Emergency Rental Assistance Program Portal

The DC Department of Human Services (DHS) reopened its Emergency Rental Assistance Program (ERAP) application portal on April 1.

Member News

Public-Private Partnership Completes the Canopy Apartments in Portland 

USA Properties Fund hosted a grand opening celebration for The Canopy Apartments at Powell, a much-needed apartment community close to public transportation, schools and several shopping centers in east Portland.

QAP California

California Publishes Final Proposed Regulation Changes to be Considered at April 3 Meeting

The California Tax Credit Allocation Committee (TCAC) published the final proposed regulation changes following its Feb. 26, 2024 proposed regulation changes.  

HUD

HUD Publishes 2024 Income Limits, Implements Ten Percent Cap

HUD published the 2024 Income Limits, which determine eligibility for assisted housing programs, including the Public Housing, Section 8 project-based, Section 8 Housing Choice Voucher, Section 202 housing for the elderly and Section 811 housing for persons with disabilities programs, as well as Multifamily Tax Subsidy Project (MTSP) income limits that determine eligibility for LIHTC and tax-exempt private activity bond (PAB)-financed properties.

HUD

HUD Publishes FY 2024 AAFs

HUD published the Annual Adjustment Factors (AAFs) for Fiscal Year (FY) 2024. AAFs are used to adjust rents for housing assistance payments (HAP) contracts.

QAP Florida

Florida Opens Non-Competitive Application

Florida Housing opened the Non-Competitive Application Package on April 1 for applicants requesting Florida Housing Issued MMRB and Non-Competitive Housing Credits.

HUD

HUD Highlights Congressional Changes to RAD Statute, Implementation Guidance Forthcoming

HUD’s Office of Housing detailed the recent changes to the Rental Assistance Demonstration (RAD) statute included in the FY 2024 Appropriations bill.

QAP Kentucky

Kentucky Posts 2025 Multifamily Guidelines, Underwriting Model

In preparation for the 2025 competitive Housing Credit funding round, Kentucky Housing Corporation (KHC) has updated the Multifamily Guidelines for the 2025-2026 program years.

ahtcc

Nominations for Edson Awards Due May 3

The Affordable Housing Tax Credit Coalition (AHTCC) is now accepting nominations for its annual Charles L. Edson Tax Credit Excellence Awards, which recognize outstanding affordable housing developments and organizations that have demonstrated especially impactful use of the LIHTC.

QAP Ohio

Ohio Posts Four Percent LIHTC Application

The 2024 four percent LIHTC Affordable Housing Funding Application (AHFA) is now available on the Ohio Housing Finance Agency’s (OHFA’s) website. 

IRS

IRS Issues Guidance for Energy Communities, Bonus Credit Program Under the IRA

The IRS issued Notice 2024-30 to expand certain rules for determining what an energy community is for the production and investment tax credits.

Member News

Merchants Capital Provides Nearly $7B in Debt and Equity Financing in 2023 

Merchants Capital announced that it provided more than $6.2 billion in debt and $656 million in tax credit equity financing for 2023.

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