Qualified Allocation Plans Category Archives

CHP Responds to California State Auditor’s Report

| General News, Qualified Allocation Plans

“We agree with the State Auditor that California must develop and implement a long-term, comprehensive and coordinated plan to house those who are experiencing homelessness and lack access to affordable homes. While the claim in the November 2020 audit that $2.7B in tax-exempt bonds were wasted oversimplifies the program mechanics and ignores the economic conditions at the time, what’s critical now — when housing bond demand exceeds supply by more than two-to-one — is that the state allocate all remaining bond issuance authority to affordable housing.”

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CRF for Florida Housing’s Property Owners and Managers

| Qualified Allocation Plans

Florida Housing clarified that households receiving Section 8 rental subsidy, as well as other households receiving federal rental subsidy, who can demonstrate that their monthly incomes have been specifically impacted by the COVID-19 crisis are eligible to participate in CRF for the household’s portion of rent, options (such as washer and dryer rental included in the lease or through an addendum to the lease) that are not paid by any other federal rental subsidy. The prohibition of duplication of benefits does not prohibit stacking benefits but does prohibit duplication. 

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Michigan QAP Hearing – December 9

| Qualified Allocation Plans

The Michigan State Housing Development Authority (MSHDA) will hold an information hearing on amending its recently approved 2021 QAP from 9 to 11 a.m. ET on December 9. The QAP Amendment process is anticipated to begin this year and continue through early-to-mid 2021.  Dial 248-509-0316, code: 395 059 938 to join the call. Persons who wish to join the virtual hearing by computer rather than by phone may call 517-582-2302 or email ThompsonC7@michigan.gov to receive a link that will allow them to join the hearing by computer at the scheduled time.

New Jersey Energy Efficiency Webinar – December 9

| Qualified Allocation Plans

The New Jersey Housing and Mortgage Finance Agency (NJ HMFA) will hold a webinar on how New Jersey’s Clean Energy Program is providing incentives for multifamily projects and offering enhanced incentives for affordable housing facilities. Enhanced incentives which can be up to double the normal incentive! The webinar will be held on December 9, 2020 at from 2 to 3 p.m. ET. Register here.

California Updates Resyndication Requirements; HCD Pauses Some Guidelines/NOFAs

| Qualified Allocation Plans

The California Tax Credit Allocation Committee (TCAC) updated is Resyndication Requirements Checklist for all TCAC application.

To increase alignment with TCAC and the California Debt Limit Allocation Committee (CDLAC), the California Department of Housing and Community Development (HCD) has decided to briefly pause its multifamily housing programs until TCAC and CLDAC complete their regulations update process. The regulations are expected to be adopted before the end of the calendar year.

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