General News
Colorado Releases Draft of 2012 QAP
The Colorado Housing Finance Agency (CHFA) has released the first draft of the 2012 Qualified Allocation Plan (QAP) and a summary of proposed changes.
LIHTC Legislation Introduced in House and Senate
Congressmen Pat Tiberi (R-OH) and Richard Neal (D-MA) recently introduced H.R. 3661, a bill which would permanently extend the flat 9% credit rate and create a flat 4% credit rate for allocated LIHTCs.
New 5-Year ACS Data Released by Census Bureau
The U.S. Census Bureau has released findings from the American Community Survey for the combined years from 2006 to 2010.
NCSHA Releases Approved Revisions to Recommended Underwriting Standards
In early December, the National Council of State Housing Agencies (NCSHA) Board of Directors approved updates to its low-income housing tax credit (LIHTC) and underwriting recommended practices.
Senate Subcommittee Approves HUD Secretary Nomination
Recently the Senate Banking Committee voted to approve President Obama’s nomination of Carol Galante as the next Federal Housing Administration (FHA) Commissioner and Maurice A. Jones as the next Deputy Secretary of HUD.
UPDATED: HUD Notifies Section 8 Contract Administrators to Deny Requests for Use of Residual Receipt Funds
The Wisconsin Housing and Economic Development Agency (WHEDA) received a notification from HUD regarding residual receipt accounts on WHEDA financed properties.
Nevada Releases Final 2012 QAP
The Nevada Housing Division recently released the final version of its 2012 Qualified Allocation Plan, describing the process for allocating federal low-income housing tax credits to qualified developers in Nevada.
California Releases 2012 LIHTC Program Schedule
The California Tax Credit Allocation Committee (TCAC) this week released the 2011/2012 Proposed Program Schedule & Deadlines for the low-income housing tax credit program. The committee held public hearings this week regarding proposed regulation changes for the 2012 allocation round; proposed updates are forthcoming.
CDFI Fund Releases FY 2004-2010 CIIS Data
The Community Development Financial Institution (CDFI) Fund has released comprehensive Community Investment Impact System (CIIS) data for fiscal years 2004 through 2010. This report contains Institution Level Report (ILR) and the Transaction Level Report (TLR) data.
HUD Partnership Offers New Educational Resources for Public Housing Households
U.S. Department of Housing and Urban Development (HUD) announced this week that HUD is joining forces with GreatSchools, a national non-profit educational resource for parents, to give parents living in public housing or who receive HUD Housing Choice Voucher rental assistance greater access to local school information that will help them make more informed decisions about where to send their children to school.
Ohio Issues Notice on Market Studies
Ohio Housing Finance Agency has released a notice that all market studies and any updated narratives must be submitted to OHFA no later than 5:00 p.m. on Thursday, December 8, 2011 and should be indexed according to OHFA Document Submission Procedures.
Montana Releases Final 2012 QAP
The Montana Board of Housing (BOH) has released its final Qualified Allocation Plan (QAP) for the 2012 tax credit allocation round.