Qualified Allocation Plans
Arizona Hosts Mandatory Annual LIHTC Workshop Jan. 5; Posts Docs
Arizona Department of Housing will hold the 2017 LIHTC Application Workshop on January 5, 2017 at the Phoenix Airport Marriott. Developers (or their Co-Developer or Consultant) who plan to submit an application in the 2017 round must attend this annual training.
Minnesota Posts Webinar Recording on 2018 Bond Program Changes
The Agency received roughly 60 comment letters, including a letter from NH&RA regarding the proposed changes.
Kentucky Opens 2017 Non-Credit Multifamily Applications (HOME, AHTF, SMAL)
Projects utilizing LIHTC or Historic Tax Credits are ineligible. Available funding sources for this application will be $1,000,000 of HOME Investment Partnerships Program (HOME), $1,000,000 of Affordable Housing Trust Fund (AHTF) and $1,000,000 of Small Multifamily Affordable Loan (SMAL).
Florida Releases Q&A Document Re SAIL Financing for Workforce Housing
The document reviews QCT and SADDA issues regarding RFA 2106-112 Sail Financing.
California: Potential Leeway for Those Missing Readiness Deadlines
Pending approval from the Committee on December 14, a 90-day extension is possible.
Baltimore Seeks Feedback on New PBV Program
Read on for access to the electronic survey.
Texas Hosts Initial Planning Meeting for 2018 QAP Dec. 14
The agenda for this meeting will include presentation of the 2018 QAP project plan, and gathering input regarding topics to be considered in coming year.
Texas: Requests for Rural Designation for 2017 Tax Credit Cycle Due Dec. 16
The Multifamily Finance Division has posted a packet for use by political subdivisions or census designated places requesting to be designated as “rural.”
Illinois Donation Tax Credit Passes Both Houses, Awaits Signature
On December 1, 2016, the Donation Tax Credit passed out of the Senate with a vote of 54-0.
California: Board of Equalization Issues Opinion Re Property Tax Exemption
The opinion addresses one project where an assessor had denied exemption to 18 units of low-income qualified housing based on the fact that one housing provider essentially “subleased” A block of apartments for “homeless” clients from the limited partnership.
Minnesota Hosts Webinar and Discussion Group Regarding Bond Changes to 2018 QAP in Dec.
As a result of comments, MHFA plans to engage stakeholders over the next two months to find a solution to the market-driven bond issues in the state.
California Posts 2016 Final Proposed Regulation Changes
The California Tax Credit Allocation Committee recently released final proposed regulation changes as well as responses to public comment. Read on for a summary of changes.