Paul Connolly Author Archives

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

Virginia Housing unveiled the 2021 LIHTC Manual and accompanying 2021 Application for Reservation of Credits. Please note, Virginia Housing made no changes to the QAP last year so there are no major programmatic changes for the upcoming competitive round. A very brief list of administrative changes may be found on page two of the manual, […]

The Oregon state legislature established the Landlord Compensation Fund with $150 million in State General Funds via HB 4401. Unlike past rent assistance, landlords can directly apply for these resources through an online application portal that will open in late-January. Please see the image below that details the application process and visit the Oregon Housing […]

Minnesota Housing Released the following dates for its 2021 Multifamily Consolidated Request for Proposals (RFP)/2022 LIHTC Round 1: Thursday, February 11: Pre-application released for Innovative Construction Techniques; Mid-March: Consolidated RFP application materials and Section 811 PRA pre-application released; Wednesday, April 14 at noon: Pre-application for Innovative Construction Techniques due; Wednesday, April 14: Consolidated RFP published […]

Michigan State Housing Development Authority released the Notice of Funding Round, Application Updates Memo and updated 2021 LIHTC application. Updated documents include: Cover, Contents and Instructions document; Addendum I; 2021 Scoring Criteria (changed MS Excel workbook passwords/formatting, no other changes); Tab N; and Tab W.

The Kansas Housing Resources Corporation will hold a virtual LIHTC compliance training February 23 to25 from 10 a.m. to 4 p.m. CT each day. The training, led by Gary Kirkman with E&A, is specifically designed to assist affordable housing professionals in conquering tax credit compliance. Kirkman will delve deep into the tax credit regulations while […]

The California Tax Credit Allocation Committee’s (TCAC) Attachment 40 Excel Application now includes the California Debt Limit Allocation Committee (CDLAC) scoring system. For technical questions or issues related to the Excel application please contact Gina Ferguson with “2021 TCAC Excel Application” in the subject line.

The California Tax Credit Allocation Committee (TCAC) will hold a meeting on January 15 at 11:15 a.m. PT to consider establishing a minimum point requirement for the competitive 2021 applications. Participants can dial (888) 557-8511, code: 5651115 to join the call.

Governor Doug Ducey approved the Arizona Department of Housing’s 2021 QAP.

The Alabama Housing Finance Authority announced that it will delay application intake for the 2021 Competitive Application Cycle until April 1, 2021. This extension time should permit prospective applicants additional time due to COVID-19 related staff shortages, and similar delays experienced by their respective development partners and third-party vendors. Please refer to the revised schedule […]

Citi and its Advisory Council are now soliciting applications for diverse fund managers to each manage $25 to40 million of CRA-qualifying private equity funds, the investment objective of which will be the preservation of affordable multifamily housing across the U.S. 

Nicole Ferreira will be joining Beacon Communities as executive vice president of development in New York. Ferreira served as the senior vice president of multifamily finance & development at the New York State Division of Homes and Community Renewal (HCR), where she managed the agency’s multifamily finance teams.

Novogradac announced Jan. 4 the elevation to partner of George Barlow Jr. and Rob Bryant from the Dover, Ohio, office; Chris Key from the Atlanta office; Brent Parker from the Long Beach, CA, office; and Lindsey Sutton from the Austin, TX, office.