Qualified Allocation Plans Category Archives

Florida Housing Issues RFA 2017-116

October 19, 2018 | Qualified Allocation Plans

On October 19, 2018, at 2:42 p.m., Florida Housing issued RFA 2018-116 SAIL Financing of Affordable Multifamily Housing Developments to be Used in Conjunction with Tax-Exempt Bonds and Non-Competitive Housing Credits. The following documents are available on page https://www.floridahousing.org/programs/developers-multifamily-programs/competitive/2018/2018-116:

Final RFA (pdf)
Exhibit A (word)
Development Cost Pro Forma (excel)
ELI Maximum and NHTF Determination Worksheet (Excel)
FAQ Regarding the Online Application Process (pdf), revised 10-19-18
All attachments sample pages

Any modifications that occur to the Request for Applications will be posted on the Website and may result in an extension of the deadline. It is the responsibility of the Applicant to check the Website for any modifications prior to the deadline date.

The Application Deadline for RFA 2018-116 is 3:00 p.m., Eastern Time, on Tuesday, November 27, 2018.

HUD Designates DDAs, QCTs for 2019

October 19, 2018 | Qualified Allocation Plans

The U.S. Department of Housing and Urban Development today released the list of difficult development areas (DDAs) and qualified census tracts (QCTs) for 2019 for the low-income housing tax credit (LIHTC). DDAs and QCTs are eligible for as much as a 30 percent basis boost while receiving the LIHTC. The DDAs and QCTs are effective for allocations of LIHTCs beginning Jan. 1, 2019, and for bond-financed properties where the bonds are issued and the building is placed in service after Jan. 1, 2019.

Florida Housing Issues Modifications for RFAs 2018-110, 2018-111, 2018-112, and 2018-113

October 18, 2018 | Qualified Allocation Plans

Florida Housing has issued modifications for RFA 2018-110 Housing Credit Financing for Affordable Housing Developments Located in Medium Counties, RFA 2018-111 Housing Credit Financing for Affordable Housing Developments Located in Miami-Dade County, RFA 2018-112 Housing Credit Financing for Affordable Housing Developments Located in Broward, Duval, Hillsborough, Orange, Palm Beach, and Pinellas Counties, and RFA 2018-113 Housing Credit Financing for the Preservation of Existing Affordable Multifamily Housing Developments.

The Modification for RFA 2018-110 Housing Credit Financing for Affordable Housing Developments Located in Medium Counties was posted at 2:42 p.m. on October 18, 2018. The Modification and a complete copy of the modified RFA, can be found at https://www.floridahousing.org/programs/developers-multifamily-programs/competitive/2018/2018-110
The Modification for RFA 2018-111 Housing Credit Financing for Affordable Housing Developments Located in Miami-Dade County was posted at 3:30 p.m. on October 18, 2018. The Modification and a complete copy of the modified RFA, can be found at https://www.floridahousing.org/programs/developers-multifamily-programs/competitive/2018/2018-111
The Modification for RFA 2018-112 Housing Credit Financing for Affordable Housing Developments Located in Broward, Duval, Hillsborough, Orange, Palm Beach, and Pinellas Counties was posted at 2:35 p.m. on October 18, 2018. The Modification and a complete copy of the modified RFA, can be found at https://www.floridahousing.org/programs/developers-multifamily-programs/competitive/2018/2018-112
The Modification for RFA 2018-113 Housing Credit Financing for the Preservation of Existing Affordable Multifamily Housing Developments was posted at 3:01 p.m. on October 18, 2018. The Modification and a complete copy of the modified RFA, can be found at https://www.floridahousing.org/programs/developers-multifamily-programs/competitive/2018/2018-113

Colorado Housing Announces November Workforce Housing Forum

October 17, 2018 | Qualified Allocation Plans

Please join Housing Colorado on November 6th for a Workforce Housing Forum

Workforce Housing Forum

Date: Tuesday, November 6
Time: Breakfast and Registration: 8:30 am – 9:00 am
Program: 9:00 am – 11:30 am
Location: Colorado Municipal League, 1144 Sherman St

Please join us for a morning filled with thought-provoking discussion on Workforce Housing. Our panelists will provide insight to the following questions:

Why is Workforce Housing all the buzz right now?
What defines a Workforce Housing project?
Who are the typical partners in a Workforce Housing transaction?
What financing tools are available?

We will also discuss recent and proposed Workforce Housing deals along with the challenges to these initiatives. Bring your questions and your appetite. Breakfast will be provided.

Cost: $40 Members, $60 Non-Members – Seating is limited so register early! Click here to register.

Questions about Registration? Call/Email Roberta Trujillo at 303-863-0125 / roberta@housingcolorado.org

Oregon Housing Technical Advisory: LAP Announcement

October 17, 2018 | Qualified Allocation Plans

We are excited to announce that the new Land Acquisition Program (LAP) is anticipated to open and begin accepting loan applications on November 19, 2018. LAP is a first come, first serve program based upon date received. Applications will be reviewed for program required standards. Multiple applications received on the same day and resulting in fund oversubscription will be evaluated based upon selection criteria.

LAP was established by 2017 HB 2912 and provides loans for the purchase of land to be used for the development of affordable rental or homeownership housing. The loan can remain outstanding for up to eight years and is repayable at the time of construction financing. The initial resources will target land purchase for affordable housing development in rural areas of the state.

For additional information regarding LAP and application requirements, please visit the LAP webpage. For purposes of program requirements for entering into a purchase and sale agreement, applicants may use the date of this notice as the initial program announcement.

A Public Hearing regarding draft Oregon Administrative Rules (OAR) for LAP is scheduled for Thursday, October 18, 2018 from 1:00 pm – 2:00 pm in Room 124B of the North Mall Office Building, 725 Summer Street NE, Salem, OR 97301. If any program timelines are impacted by the OAR adoption process, we will send a notification through a Technical Advisory. For additional information please contact Rick.Ruzicka@oregon.gov.

Any program or application questions can be directed to Joanne.Sheehy@oregon.gov.

Julie V. Cody
Assistant Director for Housing Finance
Oregon Housing and Community Services
Julie.Cody@oregon.gov

Florida Housing Revises Development Cost Pro Formas in RFAs 2018-110, 2018-111, 2018-112, 2018-113, 2018-114, and 2018-115

October 16, 2018 | Qualified Allocation Plans

Florida Housing has posted revised Development Cost Pro Formas for RFAs 2018-110, 2018-111, 2018-112, 2018-113, 2018-114, and 2018-115. The formula in Row 433 was not deducting the demolition and relocation costs from the Total Development Costs per unit when the Application qualifies for the PHA is a Principal Add-On. This is an unscored item on the Development Cost Pro Forma and will not affect an Applicant’s ability to have the demolition and relocation costs deducted from the Total Development Costs per unit when the Application qualifies for the PHA is a Principal Add-On; however, in order for Applications that qualify for the Add-On Bonus to see the correct TDC Per Unit amount that will be used for the TDC per Unit Limitation, Applicants must use the corrected form.

The revised Development Cost Pro Forma for RFA 2018-110 Housing Credit Financing for Affordable Housing Developments Located in Medium Counties can be found on page https://www.floridahousing.org/programs/developers-multifamily-programs/competitive/2018/2018-110
The revised Development Cost Pro Forma for RFA 2018-111 Housing Credit Financing for Affordable Housing Developments Located in Miami-Dade County can be found on page https://www.floridahousing.org/programs/developers-multifamily-programs/competitive/2018/2018-111
The revised Development Cost Pro Forma for RFA 2018-112 Housing Credit Financing for Affordable Housing Developments Located in Broward, Duval, Hillsborough, Orange, Palm Beach, and Pinellas Counties can be found on page https://www.floridahousing.org/programs/developers-multifamily-programs/competitive/2018/2018-112
The revised Development Cost Pro Forma for RFA 2018-113 Housing Credit Financing for the Preservation of Existing Affordable Multifamily Housing Developments can be found on page https://www.floridahousing.org/programs/developers-multifamily-programs/competitive/2018/2018-113
The revised Development Cost Pro Forma for RFA 2018-114 SAIL Financing for the Construction of Workforce Housing can be found on page https://www.floridahousing.org/programs/developers-multifamily-programs/competitive/2018/2018-114
The revised Development Cost Pro Forma for RFA 2018-115 SAIL Financing for the Construction of Workforce Housing for Hurricane Recovery in Monroe County can be found on page https://www.floridahousing.org/programs/developers-multifamily-programs/competitive/2018/2018-115

NJ Housing Publishes Conduit and Multifamily Underwriting and Financing Guidelines and Policy

October 16, 2018 | Qualified Allocation Plans

New Jersey Housing and Mortgage Finance Agency announced the Conduit and Multifamily Underwriting and Financing Guidelines and Policy were updated effective September 20, 2018.

Please use the links below to view the updated Guidelines.

Conduit Underwriting and Financing Guidelines

Multifamily Underwriting and Financing Guidelines

New Hampshire Housing Announces RFP for Transitional Housing Projects Serving Individuals with Mental Illness or Substance Use Disorders

October 15, 2018 | Qualified Allocation Plans

New Hampshire Housing has posted a Request for Proposal on its website for Transitional Housing Projects serving Individuals with Mental Illness or Substance Use Disorders.

The RFP and accompanying background information is available here: https://www.nhhfa.org/public-notices

The due date is January 11, 2019.

An information session to discuss this RFP will be held at New Hampshire Housing offices in Bedford, NH at 3:00 PM on Tuesday, November 13. There is no charge, but registration is required.

To register, please contact Jess McCarthy at jmccarthy@nhhfa.org.

Florida Housing Announces Modifications to RFAs Due to Hurricane Michael

October 15, 2018 | Qualified Allocation Plans

First, we hope that you and your families are safe and sound. Because of Hurricane Michael, Florida Housing will modify the following RFAs to reflect extended Application Deadlines. Additionally, the modifications will clarify that all letters that are required to be dated within six or 12 months prior to the Application Deadline will be required to be dated within six or 12 months prior to the original Application Deadline, and therefore not affected by these extensions.

RFA 2018-106 Financing to Build Smaller Permanent Supportive Housing Properties for Persons with Developmental Disabilities

The original Application Deadline was October 18

The new Application Deadline is Thursday, October 25

There are no other changes expected. The Review Committee Meeting will be held on November 29, and the recommendations will be presented for approval at the Board Meeting scheduled for December 14.

RFA 2018-110 Housing Credit Financing for Affordable Housing Developments Located in Medium Counties

The original Application Deadline was October 23

The new Application Deadline is Tuesday, December 4

The new date of the Review Committee Meeting will be scheduled for late February/early March and the recommendations will be presented for approval at the March Board Meeting.

RFA 2018-111 Housing Credit Financing for Affordable Housing Developments Located in Miami-Dade County

The original Application Deadline was October 25

The new Application Deadline is Friday, November 9

There are no other changes expected. The Review Committee Meeting will be held in January and the recommendations will be presented for approval at the January Board Meeting.

RFA 2018-112 Housing Credit Financing for Affordable Housing Developments Located in Broward, Duval, Hillsborough, Orange, Palm Beach, and Pinellas Counties

The original Application Deadline was October 30

The new Application Deadline is Tuesday, November 13

There are no other changes expected. The Review Committee Meeting will be held in January and the recommendations will be presented for approval at the January Board Meeting.

RFA 2018-113 Housing Credit Financing for the Preservation of Existing Affordable Multifamily Housing Developments

The original Application Deadline was November 1

The new Application Deadline is Thursday, November 15

There are no other changes expected. The Review Committee Meeting will be held in January and the recommendations will be presented for approval at the January Board Meeting.

Housing Tax Credit Training in Austin on Oct. 30

October 15, 2018 | Qualified Allocation Plans

In coordination with the Texas Apartment Association (“TAA”), the Texas Department of Housing and Community Affairs (“TDHCA”) will present Housing Tax Credit (“HTC”) Compliance Training in El Paso on Tuesday, Oct. 30, 2018, from 8:30 a.m. to 4:30 p.m. El Paso local time, at Wyndham El Paso Airport, 2027 Airway Blvd, El Paso, TX 79925.

This training will be led by TDHCA compliance staff and provides a solid foundation of information that owners, managers and on-site staff need to know to be in compliance with requirements for the HTC program.

Individuals who require auxiliary aids or services for the conference call or roundtable should contact Christopher Alonzo, ADA responsible employee, at 512-475-3969 or Relay Texas at 800-735-2989 at least three days before the conference call or roundtable so that appropriate arrangements can be made.

Additional details, contact information, and registration information can be found on the TAA website at: https://www.taa.org/events/htc-compliance-training-el-paso/.