Paul Connolly Author Archives

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

Pennrose announced the promotion of Patrick Stewart to regional vice president of the Maryland Region. Stewart will assume responsibilities for the region following the recently announced promotion of Ivy Dench-Carter to Senior Vice President for Development. 

On December 27, the president signed the Consolidated Appropriations Act, 2021, making the four percent LIHTC rate permanently fixed and providing $25 billion of rental assistance. Our detailed summary of the bill is available.

NH&RA submitted our comments on the Internal Revenue Service (IRS) and the Department of the Treasury’s proposed rule on the average income test.

The Community Development Financial Institutions (CDFI) Fund is soliciting public comments on its calendar year (CY) 2021 New Markets Tax Credit (NMTC) Programs Allocation Application.

Alabama Housing Finance Authority (AHFA) published the 2021 Application Instructions and 2021 Application Forms. Questions regarding the AHFA 2021 Application Package may be submitted to AHFA using the 2021 Application Question Form.

The California Debt Limit Allocation Committee (CDLAC) and the California Tax Credit Allocation Committee (TCAC) published its joint 2021 application. This application is for viewing only, the online portal will be available shortly. For technical questions or issues related to the Excel application please contact Gina Ferguson with “2021 TCAC Excel Application” in the subject […]

The New Hampshire Housing Finance Authority will rely on the following sample size methodology outlined in the Internal Revenue Service and Department of the Treasury’s July 7, 2020 proposed rule, as opposed to the methodology outlined in its current QAP. The proposed rule allows housing finance agencies to monitor the lesser of 20 percent of […]

New Jersey Housing and Mortgage Finance Agency published updated Selection, Underwriting and Financing Guidelines and Policy, which became effective on December 10, 2020.

The North Carolina Housing Finance Agency posted its final 2021 QAP. The 2021 LIHTC preliminary application is now available and due by noon ET on January 22, 2021.

Mark Lauseng’s last day as executive director of the South Dakota Housing Development Authority will be January 8, 2021. Lauseng has worked for the Authority for 34 years and has been the executive director since 2006. The Authority will be hosting a retirement celebration for him in March in hopes that meeting in person can […]

The Texas Department of Housing and Community Affairs (TDHCA) is accepting public comments on its Draft 2021 State of Texas Low Income Housing Plan and Annual Report (SLIHP) through January 19, 2021, at 5 p.m. CT. Comments should be sent to info@tdhca.state.tx.us. The SLIHP offers a comprehensive reference for statewide housing needs, housing resources and […]

Because Texas Department of Housing and Community Affairs (TDHCA) offices are closed to the public at this time, it is not possible to receive multifamily application fee payments in person as TDCHA has done in the past. Applicants who wish to have immediate evidence that their payment has been received by the Department should send […]