Kaitlyn Snyder Author Archives

The Tennessee Housing Development Agency (THDA) Board of Directors approved several changes to its 2019-2020 Qualified Allocation Plan (QAP) as well as its 2018 QAP. The amendment to the 2018 QAP allows LIHTC recipients that do not request a 2018 exchange allocation to request approval for income averaging. If approved, the right to a qualified contract is waived and a compliance fee of $1,200 per LIHTC unit must be paid. The Board also approved four changes to the 2019-2020 QAP:

ICAST’s IRA & BIL Instant Benefit Estimate Calculator is now available on NH&RA’s website under the Resources section.

Beacon Communities has named Dara Kovel its new CEO. Kovel joined Beacon in 2015 as the President of Beacon Communities Development and succeeds Pam Goodman.

Goodman is retiring after over 20 years of helping to grow Beacon Communities into a large, nationally recognized and diversified multifamily owner/developer, recognized for quality work, its commitment to employees and residents and for creating a culture of engagement.

The National Low Income Housing Coalition (NLIHC) released Opportunities to End Homelessness and Housing Poverty in the 116th Congress, a memo to incoming members of Congress on steps to address the lack of decent, accessible and affordable housing. The report calls on members of Congress to:

The Department of Housing and Urban Development (HUD), the City of New York (City) and the New York City Housing Authority (NYCHA) announced an agreement that will address the longstanding issues at the housing authority’s properties.

The Partnership for the Bay’s Future aims to advance the region’s future by solving its interconnected challenges of housing, transportation and economic opportunity.

It will begin with two funds—the Investment Fund and Policy Fund—to expand and protect the homes of up to 175,000 households over the next five years and preserve and produce more than 8,000 homes over the next five to 10 years in San Francisco, San Mateo, Santa Clara, Alameda, and Contra Costa counties.

MassHousing has closed on $14 million in financing to Beacon Communities LLC for the rehabilitation and preservation of affordability at the 72-unit Camden Apartments in Boston, MA.

MassHousing provided Beacon Communities with a $5.9 million tax-exempt construction and permanent loan and an $8.1 million tax-exempt bridge loan. The MassHousing financing also generated $6.8 million in Low-Income Housing Tax Credit equity for the project.

The West Virginia Housing Development Fund (VWHDF) will host a public hearing on its proposed 2019 and 2020 Qualified Allocation Plan (QAP) on Feb. 19 at 1 pm ET in its office at 5710 MacCorkle Ave., SE, Charleston WV 25304. There will be a question and answer period and attendees will have an opportunity to […]

Join the Colorado Housing and Finance Authority (CHFA) and Novogradac and Co. on Feb. 14 from 9 am to 4 pm MT for a daylong intensive on Understanding Federal Tax Credits. Stephanie Naquin with  Novogradac & Co. will present an overview of the federal Low Income Housing Tax Credit (LIHTC) program and touch on new […]

The New Hampshire Housing Finance Authority (NHHFA) posted the 2020 Application Schedule and 2021-2022 Qualified Allocation Plan (QAP) Schedule. Please note that the current QAP, dated April 26, 2018, is in effect for applications submitted in August 2019 for 2020 LIHTCs. Over the next 12 months, NHHFA will hold multiple public forums to gather input […]

The Locality Notification Information (LNI) submission list for the 2019 9% competitive round has been finalized and can be found here. The Virginia Housing Development Authority (VHDA) will host a CORES session at its Richmond office on Feb. 7, 2019. The session is free to attend, but registration is required. The certification requirements for the […]

The California Tax Credit Allocation Committee released the 9% competitive and 4% competitive Excel applications. For general application questions contact the appropriate regional analyst:  http://www.treasurer.ca.gov/ctcac/assignments.asp For technical questions or issues related to the Excel application please contact Diane SooHoo at:  diane.soohoo@treasurer.ca.gov

On Feb. 5 from 1 -2 pm ET, HUD will host a webinar to review new RAD rents for public housing conversions based on final FY 18 Operating Fund and Capital Fund data.