Qualified Allocation Plans
Pennsylvania Sets Closing, Construction Deadline for 2016 Tax Credit Awardees
Since PHFA anticipates being significantly oversubscribed with the number of applications versus resources, those developments awarded 2016 tax credits will be required to meet a closing and commencement of construction date of March 31, 2017.
West Virginia Requests Feedback for 2017/18 QAP
The Fund requests that stakeholders submit the top three changes/suggestions that they would like to see in the 2017-18 QAP. Submissions are due to the Fund by no later than Tuesday, February 16.
Alabama Hosts HOME/Housing Credit Application Workshop
While attending this seminar is not mandatory, those who participate will receive additional points on each application they submit during the 2016 HOME and Housing Credit program funding cycle.
California Offers Guidance on 2016 DDAs for 2016 Applications
TCAC intends to allow applicants in the first round of 2016 to claim DDA status if the project is located in an area that will be considered a DDA after June 30, 2016, provided that the carryover allocation occurs after June 30. For 9% tax credit applications located in areas that will lose DDA status on June 30, 2016, the TCAC regulations grandfather in DDA status for these projects for one year.
Wisconsin Announces QCT, HFA Basis Boost Policy for 2016
With the increase in the credit rate from the floating rate of 7.51% (January 2016) to 9%, WHEDA will be reducing the maximum basis boost that may be requested in a competitive LIHTC application.
Texas Posts FAQ for 2016 Competitive HTC
The Texas Department of Housing and Community Affairs has posted to its website a list of Frequently Asked Questions (“FAQ”) posed by Applicants for Competitive (9%) Housing Tax Credits.
Florida Hosts Workshop on RFA for Affordable, Multifamily Housing for Disabled
An estimated $2,185,789 of Competitive Housing Credits and an estimated $1,100,000 in grant funding will be made available through this RFA.
Texas Hosts Public Hearing on 2016 Low-Income Housing Plan
The public hearing will take place on Thursday, January 14.
Oregon 2016 QAP Available for Comment until Feb 10
OHCS will accept comments on the 2016 Draft Qualified Allocation Plan from January 11 through February 10, 2016. A Public Hearing on the 2016 Plan will be held on Tuesday, February 2, 2016 from 2:00 p.m. to 4:30 p.m.
Ohio Offers Guidance on 2016 DDAs, QCTs
Recipients of 2015 Housing Tax Credit allocations will utilize the 2015 DDA or 2015 QCT designations or the state designations listed in 2015 Basis Boost Policy in the 2015 QAP. Applicants seeking 2016 Housing Tax Credits will utilize the 2016 DDA and QCT designations. 4% Housing Tax Credit applicants whose bonds are issued and building is placed in service on or after July 1, 2016 will utilize the 2016 DDA and QCT designations.
Alabama Announces Housing Credit, HOME Application Deadlines
All applicants must submit Initial Application items to AHFA beginning Wednesday, February 10, 2016 at 9:00 a.m. CST and ending Thursday, February 11, 2016, at 5:00 p.m. CST. Final Applications for the Housing Credits and HOME Investment Partnerships Program funds will be accepted beginning Wednesday, March 9, 2016 at 9:00 a.m. CST and ending at 5:00 p.m. CST on Thursday, March 10, 2016.
Connecticut Housing Tax Credit Contribution Apps due Feb 1
The Connecticut Housing Finance Authority sent out a reminder that Housing Tax Credit Contribution Applications are due February 1, 2016. All applications must be submitted through SharePoint no later than 4:00pm that day.