Qualified Allocation Plans
2019 OHFA Policy, Procedure and Regulation Trainings
Training registration for Ohio Housing Finance Agency’s (OHFA) Policy, Procedure and Regulation Training is now open. This three-hour training will provide industry professionals with tools and knowledge of OHFA specific requirements, policies, best practices and an overview of the Low-Income Housing Tax Credit Program. The training will fulfill OHFA’s Qualified Allocation Plan training requirement in order to obtain IRS Form 8609 and provide three hours of continuing education credit for the Specialist in Housing Credit Management, the Housing Credit Certified Professional and the National Compliance Professional, the National Compliance Professional-Executive designations.
TDHCA Multifamily Direct Loan Updates
The Texas Department of Housing and Community Affairs’ (TDHCA) Multifamily Finance Division published the 2019 Multifamily Direct Loan Program Overview Webinar and the 2019-1 Multifamily Direct Loan NOFA Application Log. TDHCA’s Multifamily Finance Division also posted an updated 2018-1 Multifamily Direct Loan NOFA Application Log.
WVHDF Releases 2019 and 2020 QAP, Tax Credit Manual
The West Virginia Housing Development Fund released its 2019 and 2020 QAP and Tax Credit Manual. Below is a summary of the incorporated changes made to the 2019 and 2020 QAP in response to public comments on the draft QAP:
Texas Updates 2019 Multifamily Uniform Application
The Texas Department of Housing and Community Affairs’ (TDHCA) Multifamily Finance Division has been made aware that Tab 12 of the 2019 Multifamily Uniform Application, related to Support Documentation for the Site Information Form Part III, does not list Site Control documents as documents that should be included in the Application. Per 10 TAC Section 11.204(10), documentation of Site Control is required at the time of Application submission. Applicants should refer directly to the rules when determining which documents to include in the Application.
Maryland Releases Updated Application Submission Package
The Maryland Department of Housing and Community Development (DHCD) released an updated Application Submission Package to reflect the new 2019 QAP and Guide. This application package must be used for requests for financing for all competitive and noncompetitive funding sources, including Rental Housing Program Funds, Multifamily Bond Program, Federal LIHTC, Rental Housing Works, and the […]
Minnesota Housing 2019 Multifamily RFP Dates
Monday, March 18 by 5 pm: Preservation pre-application appraisal requests due for projects claiming Market Conversion Risk of Loss Friday, April 5: RFP published and Intent to Apply and application materials available in Multifamily Customer Portal Thursday, May 2 by 5 pm: Preservation pre-applications due Friday, May 17 by 5 pm: Intent to Apply due […]
VHDA Tax-Exempt Financing 2019 Application Dates: March 1, June 1 and Aug. 1
The Virginia Housing Development Authority (VHDA) has tentatively scheduled three more tax-exempt rental housing bond issues for 2019: March 1, June 1 and Aug. 1.
NJHMFA Updates 9% LIHTC Q&A Policy
Effective immediately, the New Jersey Housing and Mortgage Finance Agency will institute a more structured 9% application process to preserve the competitive nature of the program. All questions pertaining to 9% applications must be submitted in written format to the following e-mail address: [email protected]. All questions and answers will be posted on NJHMFA’s website in an FAQ document and will be updated periodically.
MD Governor signs QAP, 2019 9% applications due May 8
Governor Larry Hogan signed the 2019 Qualified Allocation Plan (QAP) and the Multifamily Rental Financing Program Guide. The new QAP and Guide are effective as of Feb. 14, 2019 and will govern all applications received on or after this date.Applications for the 2019 Competitive Funding Round are due by Wednesday, May 8, 2019 at 4 pm. The Department of Housing and Community Development (DHCD) will hold a Pre-Round Information Session on March 13 from 10 am – noon.
NJHMFA 2019 Spring Tax Credit Workshop – May 16-17
The New Jersey Housing and Mortgage Finance Agency is hosting the Spring Compliance Monitoring with Fair Housing Workshop on May 16-17, 2019. The course will run from 8:30 am to 4:30 pm ET each day at the Hilton Garden Inn, 800 US-130, Hamilton Township, NJ 08690. Registration, which is not yet open, is $430.
Webinar on California’s Proposed Standalone Multifamily Section – Feb 25
The Statewide Codes and Standards Team will host a webinar on Feb. 25 from 8 to 10 am PT to discuss proposed restructuring of the multifamily standards in the 2022 Title 24, Part 6 code. Multifamily dwellings represent roughly half of all new residential construction in California, but the current energy efficiency building standards do not adequately address the different types of multifamily buildings, nor the variations between single-family homes and nonresidential buildings.
OHFA 2019 LIHTC Round Updates
The Ohio Housing Finance Agency (OHFA) sent notice that the maximum Housing Development Loan (HDL) for 9 percent tax credit projects will be $1.25 million and $1.75 million for Permanent Supportive Housing Projects. OHFA does not anticipate having any HDL funding remaining for 4 percent tax credit projects in 2019.