Qualified Allocation Plans

The Michigan State Housing Development Authority announced that the second competitive funding round for 2016 Low Income Housing Tax Credit will have an application submission deadline of 5:00 p.m., April 1, 2016.

Projects applying for 9% tax credits that intend to claim preservation points in the 2017 QAP must participate in a mandatory technical assistance meeting with Minnesota Housing staff and submit a preservation pre-application.

MInnesota posted important deadlines and early documents for its upcoming Multifamily and Housing Tax Credit funding rounds. A new senior housing pilot and Section 811 funding are part of the Multifamily RFP.

he Authority commissioned state-wide utility allowances have been completed and are now available for use on existing and future Tax Credit and HOME developments.

The two partners are calling for a team of service providers to work with a development team to build approximately 25 housing first units in the community. IHFA has up to $5.75 million in Low Income Housing Tax Credits available under its special housing needs set aside to fund the project. The City of Boise will contribute up to $1 million in one-time money to augment acquisition and construction costs for the winning proposal.

The Montana Board of Housing posted a draft of the 2017 Qualified Allocation Plan.

Colorado Housing Finance Authority announced that it will reduce the mortgage insurance premium for multifamily loans using the CHFA 542(c) Risk Share 50/50 program to 12.5 basis points, from 25 basis points.

Kentucky Housing Corporation is gathering input from developers, syndicators, lenders, and management companies on the 2017 QAP through an online survey and in-person roundtable discussions.

The meeting will be held on Wednesday, February 24, 2016, at 1:30 p.m. at the Holiday Inn Tampa Westshore – Airport Area, 700 N. Westshore Blvd, Tampa, Florida.

The 2016 Workbook has been updated to reflect the TCAC Regulations adopted October 21, 2015.

The State-Aided Public Housing Mixed-Income Community Demonstration Program will fund the planning and pre-development costs associated with developing new moderate or market-rate housing on existing and surplus PHA owned property.

Rhode Island Governor Gina Raimondo introduced her FY 2017 budget and proposed a $40 million bond to build homes, create construction jobs, and attract private investment.