Qualified Allocation Plans
North Carolina Releases Second Draft of 2018 QAP
Read on for additional proposed changes.
Maryland Updates QAP to Accommodate for Fair Housing Settlement
As part of the agreement, the Maryland Department of Housing and Community Development will finance with Low Income Housing Tax Credits at least 1,500 units of family housing in communities of opportunity within the Baltimore region.
Kentucky Hosts MF Developer Forum for 2019-20 QAP Oct. 25
Kentucky Housing Corporation (KHC) will host a developer forum to solicit feedback on the development of the 2019-2020 Qualified Allocation Plan and Multifamily Guidelines.
Colorado Explores Increasing Development Costs, Developer and Investor Discussions Scheduled
Colorado Housing and Finance Authority retained the services of BBC Research and Consulting to investigate factors that influence costs of building and renovating affordable multifamily rental properties across the state. CHFA plans to use the research to inform cost-containment measures in future QAPs as well as develop best practices and raise awareness of the issue of increasing development costs.
Texas Adopts Lottery System for Securing Bond Volume Cap
Applicants are not required to participate in the PAB Lottery, as applications can still be submitted to the Bond Review Board throughout the 2018 program year and reservations will be issued as volume cap is available.
Minnesota Housing Partnership Names Anne Mavity New Executive Director
Mavity replaces MHP founder and executive director Chip Halbach, who is retiring after leading MHP for 30 years. Halbach started MHP in 1987 to create a statewide voice and support organization for affordable housing development.
Delaware Accepting Applications for Downtown Development District Program
Delaware’s Downtown Development District (DDD) Program is currently accepting applications for large project grants through December 15.
California: Additional $100 Million for 3rd Round of Affordable Housing and Sustainable Communities Program, Workshops During October
The Affordable Housing and Sustainable Communities Staff recently announced that the AHSC 2017-2018 NOFA has now increased from an originally available $155 million up to $255 million, incorporating proceeds from the August Cap-and-Trade auction.
Carol Ditmore Named New Arizona Director of Housing
Ditmore has served as the interim director of ADOH since May 2017, a position to which she was elevated after former director Michael Trailor’s appointment as the new director of the Arizona Department of Economic Security.
Arizona Releases 2nd Draft of 2018 QAP, Comments Due Oct. 20
Read on for a brief summary of newly proposed changes.
Texas Delays 2nd Quarterly Construction Status Reports for Certain 2016 9% Projects
The initial Construction Status Reports for 2016 9% HTC awards will still be due on Thursday, Sept. 28, 2017; however, Asset Management has decided to move the second quarterly Construction Status Report deadline from Tuesday, Oct. 10, 2017, to Wednesday, Jan. 10, 2018, (ONLY for 2016 9% HTC awards submitting their initial reports on Sept. 28, 2017) in order to give additional time between initial and second submissions of Construction Status Reports.
Texas Publishes Draft 2018 QAP, Public Comment Period Ends Oct. 12
Continue reading for a summary of changes.