ICAST’s IRA & BIL Instant Benefit Estimate Calculator is now available on NH&RA’s website under the Resources section.
Florida Housing Finance Corporation posted a draft of its Non-Competitive Application Package. FHFC will host a rule development workshop to discuss the draft on Thursday, June 25 at 2:30pm at 227 North Bronough Street, 6th Floor Seltzer Room, in Tallahassee. For call-in instructions, click here.
The California Tax Credit Allocation Committee (TCAC) has since 2009 approved the use of the California Utility Allowance Calculator (CUAC) as a means for developers of new Low Income Housing Tax Credit (LIHTC) projects to determine tenants’ utility allowances.
The California Tax Credit Allocation Committee updated June 10 the QAP regulations and June 19 the 2015 Credit Estimates, which describes the allocation process for set asides and geographic regions.
Following the first round reviews of 9% and 4% state credit applications, the California Tax Credit Allocation Committee provided clarifications on rural set aside applications, market studies, lowest income point category, environmental clearance, approvals to begin construction, proposed regulation changes, state credit calculation, and other miscellaneous issues.
Yesterday, the Senate Transportation, Housing and Urban Development (THUD) Appropriations Subcommittee proposed to cut funding for the HOME Investment Partnerships program (HOME) by a staggering 93% from $900 million to just $66 million, all but eliminating the program.
The Alaska Housing Finance Corporation is opening registration for the Teacher, Health Professional, and Public Safety Housing Grant Program. Under this program, competitive funding is available for new construction, rehabilitation, or acquisition of professional rental housing in small communities. The program provides grant funding to fill the gap between a project’s capacity to carry debt […]
The Ohio Office of Planning, Preservation and Development announced the 2015 Housing Tax Credit program awards! More than $30 million in annual credits were awarded to 40 developments supporting the financing of more than 2,500 units of affordable housing across the state of Ohio. The 2015 recipients were chosen from more than 100 applicants seeking […]
During ongoing state budget discussions, the Ohio Senate proposed legislation that would put the state’s historic tax credit program on pause for two years. The provision would prevent the Ohio Development Services Agency from issuing rehabilitation tax credit certificates. Following backlash from advocates and developers, Senate Republicans decided to remove the provision.
The Department of Economic and Community Development, the Connecticut Housing Finance Authority, and the Local Initiatives Support Corporation (LISC) have created a new $15 million Transit-Oriented Development Fund to encourage transit-oriented development around station stops along the CTfastrak and New Haven-Hartford-Springfield rail corridors. The fund will offer predevelopment and acquisition financing to eligible projects and […]
The Connecticut Housing Finance Authority is collecting comments on proposed amendments to the low-income housing tax credit qualified allocation plan. CHFA will hold a public hearing on Monday, June 29 10:00am to 12:00pm in the CHFA Boardroom at 999 West Street in Rocky Hill, CT. Written statements, in place of or in addition to oral […]
CA Department of Housing and Community Development announced a $47.5 million Multifamily Housing notice of funding availability has been released. Applications are due August 6, 2015. Workshops are set for Sacramento (Wednesday, June 17) and Van Nuys (Tuesday, June 23). If you plan on attending one of the workshops, you will need to print the […]
In a victory for affordable housing, the California Supreme Court ruled in favor of inclusionary housing ordinances. The City of San Jose won the case against the California Building Industry Association (CBIA), which filed a lawsuit in 2010 to challenge San Jose’s for-sale inclusionary zoning ordinance. The requires new for-sale residential developments of more than […]