The Kansas Housing Resources Corporation(KHRC) has announced a National Housing Trust Fund (HTF) funding round for projects with 4% floating tax credits and tax-exempt bonds, or for stand-alone developments utilizing HTF and other resources. This funding round excludes previous or future projects involving 9% Housing Tax Credits. Read More
Qualified Allocation Plans Category Archives
Pennsylvania Releases Income Averaging Interim Guidance
The Agency will be revising the upcoming Allocation Plan to address Income Averaging in Tax Credit applications submitted in the future. For the most part, current projects are not able to apply for income averaging.
Read MoreOhio Hosts QAP Public Forum July 10, Comments Due Aug. 1
Read on for a summary of proposed major changes to the QAP.
Read MoreOhio Releases Proposed Income Averaging Policy, Comments Aug. 1
OHFA is also evaluating whether pre-2018 developments will be eligible for this option.
Read MoreMichigan Posts Income Averaging Guidance
A memorandum dated June 13, 2018 and titled “Income Averaging Guidance” has been posted to the LIHTC Recent Updates page of the MSHDA website.
Read MoreMichigan Releases Gap Financing Program NOFA
The Gap Financing Program NOFA is designed to improve MSHDA’s direct-lending production and to assist with being able to finance tax-exempt bond transactions utilizing the 4% Low Income Housing Tax Credit.
Read MoreArizona Seeks Comment on Income Averaging for 2019 QAP, Comments Due July 13
The Department will not be implementing income averaging for any projects awarded through the 2018 QAP.
Read MoreAlabama Hosts 2019 QAP Public Hearing June 26
Alabama Housing Finance Authority (AHFA) will conduct a public hearing concerning the proposed 2019 HOME Investment Partnerships Program Action Plan and the Housing Credit Qualified Allocation Plan (Plans) for the distribution of HOME funds and Housing Credits in exchange for the new construction and substantial rehabilitation of low-income projects and for the monitoring of HOME funds and Housing Credits for all projects.
Read MoreVirginia Accepting Comments on Minimum Design and Construction Requirements
Modifications to the current 2018 requirements will affect all VHDA multifamily loans applied for in 2019 and 2020 and properties receiving 2019 and 2020 Low Income Housing Tax Credits.
Read MoreVermont Housing Agency Executive Director Sarah Carpenter to Retire
Carpenter has served as the state agency’s leader for twenty years.
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