General News
Minnesota Opens Public Review of 2013 Affordable Housing Plan Draft
The Minnesota Housing Finance Agency will co-host a webinar with Minnesota Housing Partnership to review the draft of its 2013 Affordable Housing Plan on August 21, 2012
Virginia Releases 2013 QAP Proposal for Public Comment
The Virginia Housing Development Authority (VHDA) has released its proposal for the 2013 Qualified Allocation Plan (QAP). In a memo, VHDA summarized the proposed changes, indicating changes to applicant qualifications and scoring allocations. These changes include:
Maryland Releases Schedule of Revisions for QAP and Guide for CY 2013
The Maryland Department of Housing and Community Development (MDHCD) has released a proposed schedule for the revision of Maryland’s Qualified Allocation Plan (QAP) and Guide for CY 2013.
Arizona Schedules Two Focus Group Sessions on 2013 QAP
The Arizona Department of Housing (ADOH) has scheduled two focus group sessions to collect comments and feedback on the first draft of the 2013 Qualified Allocation Plan (QAP). They will be held at the follow dates and locations:
UPDATE: HUD Announces FY 2013 Mortgage Insurance Premiums for FHA Multifamily Loans
HUD released a notice to announce changes to the mortgage insurance premiums (MIPs) for certain Federal Housing Administration (FHA) Multifamily Housing, Health Care Facilities, and Hospital Mortgage Insurance programs for commitments to be issued or reissued in FY 2013.
Michigan Issues Memo on the Expiration of the 9% Credit Rate & August 2012 Round Credit Availability
In advance of their August 15, 2012 LIHTC application deadline, the Michigan State Housing Development Authority issued a memo to ensure that stakeholders are aware of the change in the credit rate available mandated by the Housing and Economic Recovery Act of 2008 (HERA).
UPDATE: Montana to Host QAP Work Session with the Board
The Montana Board of Housing has scheduled a public work session with the Board for August 16th, 2012 at 8:30a.m. at the Red Lion Colonial Hotel in Helena, MT.
Oregon Announces Multi-Family Housing Awards
Oregon Housing & Community Services approved its 2012 Consolidated Funding Cycle (CFC) awards for multi-family housing during their July State Housing Council meeting. The state awarded more than $36 million in grants and tax credits to projects in 21 Oregon communities.
Pennsylvania Hosting 2013 PennHOMES/LIHTC Pre-Application Meeting
The Pennsylvania Housing Finance Agency will be holding their Pre-Application Meeting for its 2013 PennHOMES/Low Income Tax Credit (LIHTC) programs on Thursday, September 20, 2012. PHFA strongly suggests all prospective applicants attend this meeting.
MA Governors Vetoes Measure to Increase Annual MHRTC Cap
The Massachusetts General Court recently passed MA House Bill 4352, an economic development bill relative to several infrastructure investment measures, enhanced competitiveness and economic growth in the Commonwealth of Massachusetts.
Illinois Governor Signs Law to Amend Rental Housing Support Program
The Illinois General Assembly recently passed House Bill 5450, amending the Rental Housing Support Program Act, which governs the Rental Housing Support Program (RHSP).
HUD Issues New Residual Receipt Policy for Owners Receiving HAP Contracts
HUD recently published Housing Notice H 2012-14 which requires property owners that receive Housing Assistance Payments (HAP) to offset monthly subsidies with funds from their Residual Receipts account. The new policy outlines the obligations and duties of owners and the responsibilities of HUD Field staff in processing and monitoring the use of residual receipts.