Qualified Allocation Plans Category Archives

Alabama Housing Hosting HOME/Housing Credit/Housing Trust Fund Application Workshop

Plan now to attend the 2019 AHFA Application Workshop
Please join us for our 2019 HOME/Housing Credit/Housing Trust Fund Application Workshop. We will discuss changes in the 2019 Plans to include application, underwriting, environmental and compliance procedures and new DMS online application elements. The Application Workshop is not a point scoring item.
Register Now!
When
Friday, January 11, 2019 from 9:00 AM to 5:00 PM CST
Where
Montgomery Marriott Prattville Hotel & Conference
2500 Legends Circle
Prattville, AL 36066
Attending this seminar is not mandatory. No points will be awarded for attending the workshop.

If you have questions regarding the workshop or registration, please contact Dondra Houlditch via email or at 334-244-9200.

Thank you and we look forward to seeing you on January 11th!

Texas Issues Notice of Public Comment Period and Public Hearing For Low Income Housing Plan and Annual Report

At this time, the Texas Department of Housing and Community Affairs (TDHCA) is inviting the public to provide comments related to the Draft 2019 State of Texas Low Income Housing Plan and Annual Report (SLIHP). The public comment period is scheduled from Monday, December 10, 2018, through 5:00 p.m., Austin local time, on Wednesday, January 9, 2019.

The SLIHP offers a comprehensive reference on statewide housing needs, housing resources, and strategies for funding allocations. It reviews TDHCA’s housing programs, current and possible future policies, resource allocation plans to meet state housing needs, and reports on performance during the preceding state fiscal year (September 1, 2017, through August 31, 2018).

During the public comment period, a public hearing will take place as follows:

Tuesday, December 18, 2018
2:00 p.m. Austin local time
Stephen F. Austin State Office Building, Room 172
1700 N. Congress Avenue
Austin, TX 78701

Anyone may submit comments on the SLIHP in written form or oral testimony at the public hearing. Written comments may be submitted to Texas Department of Housing and Community Affairs, Elizabeth Yevich, P.O. Box 13941, Austin, Texas 78711-3941, by email to the following address: info@tdhca.state.tx.us, or by fax to (512) 475-0070.

The full text of the Draft 2019 SLIHP may be viewed at the Department’s website: http://www.tdhca.state.tx.us/public-comment.htm. The public may also receive a copy of the Draft 2019 SLIHP by contacting TDHCA’s Housing Resource Center at (512) 475-3976.

Individuals   who  require  auxiliary  aids,  services  or  sign  language  interpreters  for  this  public hearing should  contact Elizabeth Yevich, ADA Responsible Employee, at (512) 463-7961 or Relay Texas at 1-800-735-2989, at least three (3) days before the meeting so that appropriate arrangements can be made.

Non-English speaking individuals who require interpreters for the public hearings should contact Elena Peinado by phone at (512) 475-3814 or by email at elena.peinado@tdhca.state.tx.us at least three (3) days before the hearings so that appropriate arrangements can be made.

Texas Housing Posts Approved 2019 QAP

The 2019 Qualified Allocation Plan (QAP) was modified and approved by Texas Governor Abbott on Friday, Nov. 30, 2018. Modifications and subsequent technical corrections by the Governor can be found in 10 TAC Sections 11.9(c)(8), 11.101(b)(5)(C)(i), and 11.101(b)(7)(B).

As of this notice on Monday, Dec. 10, 2018, the 2019 QAP has been sent to the Texas Register, and this version is up on the TDHCA website. The QAP will therefore become effective Sunday, Dec. 30, 2018.

The rules may be accessed on the Texas Department of Housing and Community Affairs’ (TDHCA) website at: http://www.tdhca.state.tx.us/multifamily/nofas-rules.htm.

If you have questions about this email, please contact TDHCA Competitive Housing Tax Credit Program Administrator Sharon Gamble at sharon.gamble@tdhca.state.tx.us.

NH Housing Issues Income Averaging Policy – Minimum Set-Aside

As most of you know, the Consolidated Appropriations Act 2018, signed into law in March 2018, permanently established a third minimum occupancy set-aside for LIHTC projects, commonly referred to as “Income Averaging” (IA).

The Authority has published an Income Averaging Policy that describes IA for owners developing LIHTC properties and provides guidance and requirements for implementation. Developers interested in selecting IA should review this policy fully and are encouraged to reach out to Authority staff to discuss IA.

Please note that the IRS has not yet issued guidance regarding implementation of and compliance with Income Averaging. It is anticipated that the IRS will issue guidance within the next six months, which may result in changes to this policy.

You can find the IA policy on the Authority’s website at https://www.nhhfa.org/low-income-housing-tax-credits.

If you have any questions, please contact Natasha Dube, Program Manager-LIHTC at 603-310-9281 or for compliance questions, contact Melanie Toscano, Portfolio Manager at 603-310-9265.

Sincerely,

Natasha Dube & Melanie Toscano

Oregon Housing Director’s December 2018 Message

Dear Partners,

The leaves have fallen, the days are getting shorter, and winter is just around the corner. As the cold weather settles in, I am reminded of how crucial our work is. Winter shelters across the state have opened their doors and each week more affordable homes are brought into the pipeline, but more must be done to ensure Oregonians have a safe and stable home. Fortunately, there is good news around the corner.

Governor Kate Brown’s 2019-2021 budget includes historic investments in affordable housing development, homelessness and housing stabilization services. A total of $406.1 million in investments is recommended to support a portfolio of programs and services addressing housing instability in our state. Including a mix of short-term solutions and long-term strategies, the budget aligns with the Statewide Housing Plan and reflects conversations we have had with partners, their clients, and the community at large. There are significant investments in evidence-based programs to create housing stability and funds to support the development of housing. I urge you to read more. While the ultimate budget will be decided by the Legislature in the upcoming session, we are grateful to Governor Brown for her leadership and I am optimistic about the additional support we will receive in the next biennium.

Texas Housing Posts 2019 Housing Tax Credit Application Cycle

The Texas Department of Housing and Community Affairs Multifamily Finance Division has posted the recorded Application Webinar for the 2019 HTC Competitive Cycle at http://www.tdhca.state.tx.us/multifamily/apply-for-funds.htm.  Posted are the recorded webinar and a questions and answers document.  Staff will soon post a PDF copy of the webinar slides with staff notes, including any updates based on any changes made by the Governor to the Qualified Allocation Plan.

Questions about any of the postings should be sent to Sharon Gamble, Competitive HTC Administrator, at sharon.gamble@tdhca.state.tx.us

TCAC Announces 2018 Application Can No Longer Be Used For 4% Submissions

The 2018 application can no longer be used for 4% submissions.

The 2019 TCAC applications are expected to be available on the TCAC website on December 31.  Applicants must utilize the 2019 TCAC applications and the 2019 CDLAC-TCAC joint application Attachment 40 beginning with the January 18 deadline for the March 20 Committee meeting.  Please contact TCAC staff with questions, thank you.

For more information visit our website: California Tax Credit Allocation Committee

Minnesota Housing Announces 2019 Housing Tax Credit Program Round 2 Due Date

2019 Housing Tax Credit Program Round 2 Due January 31, 2019

Minnesota Housing is now accepting applications for Round 2 of the 2019 Housing Tax Credit (HTC) Program. There is approximately $406,000 in tax credits available; $93,000 in the Rural Development/Small Project set-aside (RD set-aside) and $313,000 in the unified pool. The RD set-aside is carried forward to Round 2, and if there are no eligible applications, the tax credits will be available to other projects. Intent to applies are due Thursday, January 17, 2019 by 5:00 p.m. and applications are due Thursday, January 31, 2019 by 5:00 p.m. View  the 2019 HTC Round 2 Housing Tax Credits Application Instructions for more information, details and submission details. Income averaging will be permitted with HTC Round 2 submissions and more information will be available soon.

For tax credit related questions, visit www.mnhousing.gov or contact Tamara Wilson at 651.296.44

2019 RFP/2020 HTC Round 1 Application Dates

We adjusted application due dates for the 2019 RFP/2020 HTC Round 1. To help projects close quicker and break ground sooner, this shift in dates will ensure adequate time to process RFP applications.

  • Mid-February: Application materials, including the Workbook, HTC Self-scoring Worksheet, Deferred Loan Priority Checklist and Preservation pre-application materials available in the Multifamily Customer Portal
  • Monday, March 18 at 5:00 p.m.: Preservation pre-application appraisal request due
  • Friday, April 5: RFP published and Intent to Apply and application materials available in Multifamily Customer Portal
  • Thursday, May 2 at 5:00 p.m.: Preservation pre-application deadline
  • Friday, May 17 at 5:00 p.m.: Intent to Apply deadline – required for all eligible Multifamily applications (date may change based on state legislative actions)
  • Monday, June 3 at 5:00 p.m.: Multifamily application deadline

Stay up to date on 2019 RFP/2020 Housing Tax Credits Round 1 news and updates by signing up for our eNews list.

You’re Invited: Request for Proposal and Technical Assistance Kickoff

In preparation for the 2019 RFP/2020 HTC Round 1, you’re invited to a Request for Proposals (RFP) and Technical Assistance (TA) Kickoff Meeting.

We will share new information about the 2019 RFP/2020 HTC Round 1, including updates on funding and resource requirements, and guidance on how to submit a competitive application. Whether you are new to the RFP or have applied previously, the RFP and TA Kickoff will be informative.

The RFP and TA Kickoff is not a replacement for more focused, project-specific TA, which will begin after January 10 and can be scheduled by contacting Anne Heitlinger.

WHEN

Thursday, January 10 with morning session from 10:00 a.m.-12:00 p.m. and afternoon breakouts from 1:00-4:00 p.m.

WHERE

Minnesota Housing | 400 Wabasha Street North, Suite 400, St. Paul, MN 55102

AGENDA

10:00 a.m.-12:00 p.m. – Morning Session

This large group session led by Minnesota Housing staff will cover eligible uses of Housing Infrastructure Bonds (HIB), general RFP guidance and changes expected for 2019, including income averaging.

If you’re unable to attend the morning session in person, you can register to view it online via GoTo Webinar.

1:00-4:00 p.m. – Afternoon Breakout Sessions

Each of the following five breakout sessions will be offered at 1:00, 2:00, and 3:00 p.m., so you may register for up to three sessions. They are only available to attend in person.

  • HIB and Supportive Housing Topics – Completing a Competitive Application
  • Housing Tax Credits (HTC) – Qualified Allocation Plan (QAP), Income Averaging and Unique Conditions
  • Underwriting and Deal Structuring Topics
  • General Application Submission Questions – Completing the Application, the Scoring Process, and Other Application Considerations
  • Design and Architectural Issues, Energy, and Environmental Concerns

REGISTRATION

Space is limited, so please register by January 7 for the sessions that work for you:

Colorado Housing Announces 2019 Tax Credit Application Webinar

All involved in applying for Low Income Housing Tax Credits (LIHTC) in 2019 should plan to attend this webinar. Specifically based on observations from previous applications, the webinar will teach you how to avoid common pitfalls and cover:

  • CHFA’s new LIHTC application
  • Site control threshold guidelines
  • Construction budget and cost summary requirements
  • How to avoid common mistakes

This event is free to all participants.

Learn more and register.

Texas Housing Posts 2019 Housing Tax Credit Application Items

The Texas Department of Housing and Community Affairs (TDHCA) Multifamily Finance Division has posted the following 2019 Housing Tax Credit Application (HTC) items at http://www.tdhca.state.tx.us/multifamily/apply-for-funds.htm:

– a revised list of declared disaster areas, listing additional counties included for purposes of requesting points under 10 TAC 11.9(c)(8) of the 2019 Qualified Allocation Plan (QAP) related to readiness to proceed in disaster impacted areas;
– a Section 811 Project Rental Assistance Program Supplement Packet;
– a Concerted Revitalization Plan Packet;
– an Experience Certification Form;
– a Payment Receipt Form; and
– a revised DRAFT 2019 Multifamily Uniform Application.

In addition, a 2019 Quantifiable Community Participation Neighborhood Information Packet has been posted at https://www.tdhca.state.tx.us/multifamily/communities.htm.

More documents will be posted as they are finalized. If you have questions about any of the posted documents, please contact TDHCA Competitive HTC Administrator Sharon Gamble at sharon.gamble@tdhca.state.tx.us.