Qualified Allocation Plans

Over the past month, VHDA has begun offering lower taxable and tax-exempt rates for long-term fixed rate financing. Tax-exempt loans now have a lower rate during construction with a permanent rate dependent on the length of the construction contract.

TDHCA, with Governing Board approval, has transferred roughly $9.08 million from the HOME general set-aside 2017-1 Multifamily Direct Loan NOFA over to the HOME Disaster Reservation Fund.

Interested parties may obtain a copy of the RFP by visiting LHC’s website at www.lhc.la.gov.

The Ramp Up Indiana 2017 Program Policy has been substantially updated as the funding source has changed from CDBG-D to Development Fund.

The 30-day public comment period began on Friday, September 8. More information on the changes is forthcoming.

The California Tax Credit Allocation Committee has released proposed QAP changes with a target adoption date of December 13.

Housing Tax Credit (“HTC”) properties that have received approval to provide emergency housing may lease units to displaced individuals from any of these 29 counties.

The registration deadline is September 6, 2017.

A Uniform Physical Condition Standards training session will be held on October 12 in Louisville, while a basic LIHTC training will be held on October 19 in Lexington.

Interested parties may access the complete RFA and the online Application to apply for funding via FHFC’s website.

IRS Revenue Procedure 2014-49 allows for state agencies to grant extensions to placed in service deadlines as a form of relief under carryover allocation provisions in §42(h)(1)(E) on an individual project basis because of an event or series of events that led to a major disaster declaration.

The measure ensures TDHCA has accurate records regarding vacancy availability in the state.