Qualified Allocation Plans Category Archives

Virginia Updates 2021 LIHTC Manual

Virginia Housing unveiled the 2021 LIHTC Manual and accompanying 2021 Application for Reservation of Credits. Please note, Virginia Housing made no changes to the QAP last year so there are no major programmatic changes for the upcoming competitive round. A very brief list of administrative changes may be found on page two of the manual, including the use of the newly fixed four percent rate for tax-exempt bond deals seeking credits this upcoming year.

The manual also includes updated cost limits and some modifications to the nonprofit questionnaire. You should also note there are no changes to Virginia Housing’s very important Minimum Design and Construction Requirements since last year. Any questions may be directed to TaxCreditApps@virginiahousing.com.

Oregon Wildfire Landlord Compensation Fund, Eviction Moratorium

The Oregon state legislature established the Landlord Compensation Fund with $150 million in State General Funds via HB 4401. Unlike past rent assistance, landlords can directly apply for these resources through an online application portal that will open in late-January. Please see the image below that details the application process and visit the Oregon Housing and Community Services (OHCS) webpage to sign up for email updates.

HB 4401 also established a new eviction mortarium that ends June 30, 20. This moratorium is different than past moratoria enacted in the state. Tenants must document that they have experienced financial hardship impacting their ability to pay rent after March 16, 2020, the date of the Governor’s Stay Home, Save Lives orders.

 

 

Minnesota 2021 Multifamily Consolidated Request for Proposals/2022 Housing Tax Credits Round 1 Application Dates

Minnesota Housing Released the following dates for its 2021 Multifamily Consolidated Request for Proposals (RFP)/2022 LIHTC Round 1:

  • Thursday, February 11: Pre-application released for Innovative Construction Techniques;
  • Mid-March: Consolidated RFP application materials and Section 811 PRA pre-application released;
  • Wednesday, April 14 at noon: Pre-application for Innovative Construction Techniques due;
  • Wednesday, April 14: Consolidated RFP published and Intent to Apply and application materials available in the Multifamily Customer Portal;
  • Thursday, May 20 at noon: Intent to Apply deadline – required for all eligible Multifamily applications (date may change based on state legislative actions);
  • Thursday, May 20 at noon: Section 811 PRA Program pre-application due;
  • Thursday, June 10: Applicants will be notified of Section 811 PRA Program eligibility;
  • Thursday, June 17 at noon: Site control and qualification forms due;
  • Thursday, July 15 at noon: Multifamily application deadline; and
  • December: Minnesota Housing Board meeting.

Save the Date for Minnesota Housing’s virtual RFP and Technical Assistance Kickoff event on March 3. New to this year’s Multifamily Consolidated RFP, Minnesota Housing is offering a selection preference for projects that will use Innovative Construction Techniques (ICT). To be eligible for this selection preference, a pre-application is required for projects that will achieve or will pilot a technique to achieve one or both of the following goals:

  • Reduce total construction cost by at least ten percent and/or
  • Reduce the time a project is under construction by at least 20 percent.

Please refer to the 2022-2023 Self-Scoring Worksheet for additional details on how the preference will be used to evaluate different project proposal types that apply in the Multifamily Consolidated RFP, and in accordance with the 2022-2023 Qualified Allocation Plan and the Consolidated RFP Application Instructions.

Tentative Schedule:

  • Thursday, February 11: ICT pre-application materials released;
  • Wednesday, April 14 at noon: ICT pre-applications due; and
  • Wednesday, May 12: Minnesota Housing will review pre-applications and inform applicants whether their proposed ICT is approved for the ICT preference no later than May 12.

For questions about ICT, please contact staff architect Mike Thomas.

Kansas LIHTC Compliance Training – Feb. 23-25

The Kansas Housing Resources Corporation will hold a virtual LIHTC compliance training February 23 to25 from 10 a.m. to 4 p.m. CT each day. The training, led by Gary Kirkman with E&A, is specifically designed to assist affordable housing professionals in conquering tax credit compliance. Kirkman will delve deep into the tax credit regulations while also providing real-world examples with practical application. This interactive and engaging course will incorporate examples, challenges and poll questions on multiple compliance topics trained to test participants throughout the course.

They will offer an option Housing Credit Certified Professional (HCCP) exam on February 26 in conjunction with the National Association of Home Builders. The training is $450 for all three days and an additional $175 for the HCCP exam.

Alabama Postpones 2021 Competitive Application Cycle until April

The Alabama Housing Finance Authority announced that it will delay application intake for the 2021 Competitive Application Cycle until April 1, 2021. This extension time should permit prospective applicants additional time due to COVID-19 related staff shortages, and similar delays experienced by their respective development partners and third-party vendors. Please refer to the revised schedule below and note that this is a tentative schedule and further delays may occur due to COVID-19 related issues.

2021 Application Training Materials Release January 2021
2021 Application Package Release January 2021
List of 2021 Eligible CHDOs Release January 2021
Application Deviation Request Deadline March 1, 2021
Application Log Information Due March 26, 2021
2021 Competitive Applications Due April 1, 2021
2021 Award Announcements TBD
2021 Reservation Package Release TBD

Florida Review Committee Meetings for Four RFAs – Jan. 12 & 13

Florida Housing will hold review committee meetings on January 12 and 13 for requests for applications (RFAs) 2020-201, 2020-203, 2020-205 and 2020-206. The Review Committee Meetings recommendations for the above RFAs, as well as RFA 2020-101 Elderly Housing Community Loan (EHCL) will be presented to the Florida Housing Board of Directors during the January 22, 2021 Board Meeting.

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