Qualified Allocation Plans

In 2016, $51.6 million in tax credits were awarded to 34 projects; Gov. Walker proposes capping the credit to $10 million.

The rule would require certain design specifications for both new construction and rehabilitation projects. An informal comment period is currently in process while a formal public comment period will occur in the fall.

An agenda for the meeting also outlines further details including a plan to fund 7 previously unfunded 2016 9% projects in 2017.

Minnesota Housing is currently updating its list of approved appraisers. The Agency periodically contracts with appraisers to value affordable housing developments and land parcels to be used for affordable housing development.

Deputy Executive Director for Housing Production Rob Ellis, after 24 years of service, has announced his retirement. In light of this, several staff changes will be taking place effective July 1, 2017.

In accordance with the policy released in RED Notice 17-09 “IHCDA Response to Uncertainty in RHTC Equity Pricing,” the remaining available funds under the Development Fund have been reserved as a potential source to cover gaps that may exist in RHTC developments due to credit pricing uncertainty.

HUD recently introduced new Utility Benchmarking Guidance that applies to Section 8, Multifamily FHA Insured, and PRAC Properties.

West Virginia Housing Development Fund has modified the Program Calendar for 2017 with regard to the submission of applications requesting credits from the Top Off Set-Aside Category.

Both houses of the Utah Legislature recently passed legislation to expand the state’s Low-Income Housing Tax Credit program and to establish a new supplemental funding source dedicated to serving extremely low income households.

Beginning with the 2017 RFP and 2018 HTC Round 1, developers will be required to apply for funding through an online portal.

The Lexington Fair Housing Council (LFHC), in partnership with Kentucky Housing Corporation, Community Ventures, and Kentucky Commission on Human Rights has planned a free fair housing training at Kentucky State University.

The Texas Department of Housing and Community Affairs has posted an updated Application Log for the 2017-1 NOFA. THDA reports funding under multiple set-asides remains available.