Qualified Allocation Plans

Idaho Housing and Finance Association’s Multifamily Finance Department will conduct a Developer Forum to discuss the Low-Income Housing Tax Credit Qualified Allocation Plan prior to a formal hearing. IHFA will host the meeting at its office on Friday, June 3 from 9:30am to 11:30am MST.

HB-1465 extends the program through 2019 and authorizes CHFA to allocate $5 million in state LIHTC annually in 2017, 2018, and 2019. Without passage of HB-1465, the state LIHTC program would have sunset at the end of this calendar year.

Completed applications are due to [email protected] by 4 p.m. on June 15, 2016. Applicants who submit Proposal applications that DSHA deems successful will be invited to submit a Final application that will be due to DSHA by August 19, 2016.

As it starts developing the plan, the agency wants your input and asks you to take a survey and respond to three questions that are tied to its strategic priorities.

Mark Stivers, Executive Director of the Tax Credit Allocation Committee, and Jeree Glasser-Hedrick, Executive Director of the California Debt Limit Allocation Committee, released a finalized approach to managing over-income tenants in Low-Income Housing Tax Credit projects during a resyndication.

Both hearings will be held at NDHFA’s office, 2624 Vermont Ave., Bismarck, ND.

TDHCA will hold a Roundtable meeting on Tuesday, May 10, 2016, from 1:30 to 4:30 p.m. Austin local time, to gather stakeholder input for the National Housing Trust Fund Allocation Plan to be submitted to HUD.

The board of directors of the Louisiana Housing Corporation elected Lloyd “Buddy” Spillers as its new chairman of the board and appoint E. Keith Cunningham, Jr. as Interim Executive Director and General Counsel.

The proposed demonstration RFA will provide forgivable loans of up to $750,000 to non-profit Applicants to finance small rental housing developments of no more than 10 units to serve as permanent housing to extremely low and low income homeless households.

New York Homes and Community Renewal released its Multifamily Open Window RFP for capital sources primarily available to projects financed by HFA tax-exempt bonds.

Minnesota Housing is making available $12.9 million in 2017 Housing Tax Credits Round 1, deferred loans, rental assistance and operating support, and other funding sources. Intent to Apply is due June 2. Applications are due June 16.

Florida Housing provided an explanation of ongoing analysis of Qualified Census Tracts, as well as example data and maps, on its website.