Qualified Allocation Plans Category Archives

Applications for Alabama NHTF Due March 6

Applications for the National Housing Trust Fund Program (NHTF) are being accepted by Alabama Housing Finance Authority (AHFA) for the remaining 2018 and 2019 funding. Applications to be considered for this funding pool must be received by AHFA prior to 5:00 pm ET, on Friday, March 6, 2020. The NHTF Program Status Report includes pending applications, awards, returned awards and terminated applications.

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Georgia Halts Submissions of Four Percent LIHTCs

The Georgia Department of Community Affairs (DCA) announced that it is no longer accepting applications for tax exempt bonds and four percent LIHTC transactions after determining that the current four percent bond pre-applications in the underwriting pipeline exceed the 2020 bond cap. By the end of 2019, DCA received 67 pre-applications for four percent LIHTCs under the 2019 QAP, most of which are currently under review and have not yet booked their bond allocation (19 out of the 67). The remaining 48 are estimated to utilize $756 million of the 2020 bond cap

Idaho Hosts 2020 QAP Hearing on March 10

The Idaho Housing and Finance Association (IHFA) will hold a public hearing on its draft 2020 QAP in its main floor conference room on Tuesday, March 10 beginning at 9:30 am MT at 565 W. Myrtle, Boise, ID 83702. Comments should be submitted to the Project Finance Department, Idaho Housing and Finance Association, P.O. Box 7899, Boise ID 83707-1899. If participating by telephone, please notify IHFA in writing at least 48 hours prior to the hearing. Contact IHFA at the above address or email Diana Baker, Tax Credit Program Assistant, at dianab@ihfa.org.

Connecticut Development Engagement Process – Opportunities for Funding

The Connecticut Department of Housing (DOH), in collaboration with the Connecticut Housing Finance Authority (CHFA), is inviting any Developer/Owner that is looking to apply for funding and/or other resources from DOH and/or CHFA for the new construction, substantial rehabilitation, and/or preservation of affordable housing in the next calendar year to participate in a new Development Engagement Process.

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Kentucky Announces HCA Awards

The Kentucky Housing Corporation (KHC) announced the following partners who received Housing Contract Administration (HCA) funding awards for Affordable Housing Trust Fund (AHTF) Home Repair Projects based on their recent application submissions:

  • Community and Development Services – Christian County;
  • HOMES Inc.;
  • Housing Development Alliance Inc.;
  • KCEOC Community Action Partnership Inc.;
  • Lexington Habitat for Humanity;
  • Midtown Alliance of Neighbors;
  • New Directions Housing Corporation;
  • Partnership Housing Inc.;
  • People Working Cooperatively Inc.; and
  • People’s Self-Help Housing Inc.

Louisiana Board Approves 2020 QAP, $27.1 Million in Bonds to Affordable Housing Developments

The Louisiana Housing Corporation (LHC) board of directors approved the 2020 Draft QAP, as well as the  issuance of $27.1 million in Multifamily Mortgage Revenue Bonds to create 232 affordable rental units in Baton Rouge and Lafayette. The developments represent a mix of new construction and preservation developments that aim to assist working families, households with children, seniors and people with disabilities.

Maryland Extends Review of QAP Feedback

The Maryland Department of Housing and Community Development (DHCD) extended its review of second draft of the QAP and Multifamily Rental Financing Guide by a few extra weeks. DHCD anticipates the deadline for the submission of applications for the next Competitive Round will be in Spring 2020. A firm date will be issued shortly. If you have any questions, please contact Gregory Hare at gregory.hare@maryland.gov or at 301-429-7775.