Qualified Allocation Plans

Ohio Housing Finance Agency published the following updates for property owners who are interested in utilizing the Income Averaging (AI) set aside. Final IA Policy. Final IA election requirements are new set forth in the 2019 Technical Amendments to the Qualified Allocation Plan and cover topics like opt-in timing, resyndication implications, design requirements, and compliance […]

The California Department of Housing and Community Development (HCD) issued Administrative Notice 18-02 clarifying developer fee calculations under Section 8312 of the 2017 Uniform Multifamily Regulations (UMR). You can also access HCD’s new 2017 UMR Developer Fee Calculator worksheet and the Supportive Services Cost form.

The Arizona Department of Housing published its first draft of the 2019 Qualified Allocation Plan (QAP). Download the Information Bulletin for additional information. Comments can be emailed to [email protected], but they must be received by September 14, 2018 at 5:00 p.m.

Read on for a summary of changes.

The requirement would charge from $2.50 up to $15 per square foot depending on the type of development.

This latest round of 13 awards brings OHCS to a record number of units in the development pipeline – a total of 7,800 affordable homes are in progress across the state.

Credits were awarded to 38 projects in 30 counties totaling 2,610 units.  Awards were also made to 10 tax-exempt bond projects totaling 1,412 units.

The New Jersey Housing and Mortgage Finance Agency is pleased to sponsor a 3-day Tax Credit Compliance Certification Course and Exam to be held October 29-31, 2018 at the Hilton Garden Inn in Hamilton, NJ.

The California Department of Housing and Community Development (HCD) has announced its process to hold cities and counties accountable to provide housing opportunities for more Californians by powers granted it under Assembly Bill 72.

City officials have created a system that will eventually generate $20 million annually to the fund.

The Early Issue is being published in advance of the full PDM update which is scheduled for publication in September 2018.

The budget includes $20 million non-recurring for the state’s Workforce Housing Loan Program, amongs other programs.