The Connecticut Department of Housing (DOH) plans to make up to $20 million in commitments of its subordinate financing for use in the 2020 nine percent LIHTC funding round administered by the Connecticut Housing Finance Authority (CHFA). The subordinate financing awards will not exceed $4 million per application and applications must be submitted simultaneously with the nine percent LIHTC application, which is due by 4:00 pm EDT on November 6, 2019. Additional information about the process for obtaining a soft letter of commitment for funding from DOH can be found here. Please direct questions to Debbie Alter at deborah.alter@chfa.org or 860-571-4234.
Qualified Allocation Plans Category Archives
Kentucky Releases Draft Income Average Compliance Policy
The Kentucky Housing Corporation (KHC) released a draft of the Income Average Compliance Policy for public review. This policy establishes guidance for KHC partners electing to use the new Average Income set aside. Public comments will be accepted through Tuesday, October 15, 2019 to Phyllis Clem at pclem@kyhousing.org.
Massachusetts Hosts Q&A Sessions for 2020 Winter Rental Round – Oct. 25 & 30
The Massachusetts Department of Housing and Community Development (DHCD) will hold a multifamily rental funding competition in February 2020. The Notice of Funding Availability (NOFA) for this competition will be released shortly. Pre-applications for potential projects will be due on November 25, 2019. Sponsors whose projects are approved through the pre-application process will be allowed to submit the full OneStop+ applications on February 20, 2020
Read MoreVirginia Announces Tax-Exempt Financing 2020 Application Dates
The Virginia Housing Development Agency (CHDA) established a schedule of application deadlines for five potential tax-exempt rental housing bond issues for the 2020 calendar year: November 1, 2019; January 2, 2020; March 2, 2020; June 1, 2020 and August 3, 2020.
Read MoreArizona Posts Second Draft 2020 QAP – Comments Due October 15
The Arizona Department of Housing (ADOH) posted the second draft of its 2020 QAP. The second draft restores the calculation of the Developer Fee to 2019 levels pending further research. ADOH may create a working group to gather data and provide input regarding methods to reduce the overall cost to build new affordable housing, including the cost of fees associated with its development, to further maximize the number of people that can be housed with the limited resources available to the State.
Read MoreLouisiana Hosts Community Revitalization Roundtable – November 19
The Louisiana Housing Corporation is holding a Blight Remediation and Abatement Roundtable for an in-depth conversation about the challenges associated with addressing abandoned and deteriorated homes and buildings. The Roundtable will take place on November 19 from 9:00 am to 2:00 pm EST at the Louisiana Housing Corporation (2415 Quail Drive Baton Rouge, LA 70808). Register here.
Massachusetts Hosts QAP Hearing October 10
The Massachusetts Department of Housing and Community Development (DHCD) scheduled a public hearing to solicit comments on the 2020-2021 Draft QAP. The hearing will be held at 1:30 pm EDT on October 10, 2019, in second floor conference room A, 100 Cambridge Street, Boston, MA 02114.
Michigan Hosts QAP Hearing October 25
The Michigan State Housing Development Authority (MSHDA) will hold a hearing on October 25, 2019 from 10:00 am to noon EDT to take comments and suggestions for modifications to the QAP for 2021-2022. The hearing will take place at MSHDA’s Lansing office (735 E. Michigan Ave. Lansing, MI 48912). If you wish to attend the hearing, please notify Bertha Borin at bertha.borin@mass.gov or 617-573-1309. Bertha will place your name on the building security list.
Comments Due October 4 on Minnesota’s 2021 Final QAP
Minnesota Housing is holding a final comment period for the 2021 QAP through October 4 at noon CDT to receive feedback on additional proposed changes generated from public comments received during the initial public comment period from July 25, 2019 through August 26, 2019. Minnesota Housing will hold a public hearing on Thursday, October 3 from 1:30-2:30 pm CDT.
Read MoreComments Due Oct. 30 on New Mexico’s 2020-2024 Consolidated Plan, 2020 Annual Action Plan
The New Mexico Mortgage Finance Authority (MFA) and the Department of Finance and Administration, Local Government Division (DFA) are seeking public comment on the Draft State of New Mexico 2020-2024 Consolidated Plan and 2020 Annual Action Plan. Comments are due by October 31, 2019. MFA will hold a public hearing on the drafts on October 23 at 5:00 pm MDT.
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