Qualified Allocation Plans

The Oregon Legislature allocated Lottery Backed Bonds (LBB) to support OHCS efforts to preserve the state’s affordable housing stock. The funding is intended to preserve housing at risk of converting to market rate rents due to expiring federal contracts or maturing federal loans with 25 percent or more project-based rental assistance. The purpose of this […]

The North Carolina Housing Finance Agency has released the second draft of the 2015 Qualified Allocation Plan and the Second Draft Revisions Memo. Both are available on the Agency’s website. The Agency will continue to post second draft comments as they are received.

The deadline for submitting written comments on the 2015 Draft QAP is Friday, November 14th.  Please submit all comments to [email protected]. A link to the draft QAP is available online.

The Louisiana Housing Corporation gave notice that a public hearing on the proposed Calendar Year 2015 Qualified Allocation Plan (QAP) will be held at 9:00 a.m. on November 5, 2014, at the Louisiana Housing Corporation, 2415 Quail Drive, Baton Rouge, Louisiana 70808. Copies of the proposed Calendar Year 2015 QAP are available on LHC’s website.

The Kentucky Housing Corporation has revised the 2015 Multifamily Guidelines to clarify policy issues related to funding the operating deficit reserve account, the process for the pre-construction conference and issuance of the notice to proceed, and credit rate lock-in requirements for Housing Credit projects. All changes to the guidelines are highlighted for easy reference. The […]

At the request of Treasurer Lockyer, California Tax Credit Allocation Committee (TCAC) staff is suspending its regulation promulgation process at this time. This decision will afford the new Treasurer and new State Controller an opportunity to participate in the rulemaking process for the 2015 program year. TCAC staff will advise the public of any future […]

The Arizona Department of Housing has posted a draft of the 2015 LIHTC Additional Forms (with the exception of Form 3) on its website. Please download the Information Bulletin for additional information.

The Alabama Department of Economic and Community Affairs (ADECA) Community and Economic Development Unit invites the general public to attend a public forum scheduled to be conducted on Thursday, November 13, 2014, at 10:30 a.m. at the Perdido Beach Resort Hotel located at 27200 Perdido Beach Blvd., Orange Beach, Alabama 36561. The forum will be […]

In October, the Federal Deposit Insurance Corporation (FDIC) approved a final rule requiring asset-backed security issuers to retain part of the risk in any asset they securitize. The final rule explicitly exempts all loans originated through state HFA programs–like AHFA–from the risk retention requirements. In short, this means that banks and others who sell securities […]

Residents of Alabama are paying substantially less for mortgages compared to the national average. In a recent report from Business Insider, Alabama’s average amount owed on a mortgage is listed at $114,119. Compare that to the U.S. average of $157,154 and it is clear that Alabama ranks in the lower end of what Business Insider […]

Beginning in October, Hardest Hit Alabama is providing mortgage payment assistance to homeowners who have experienced a substantial reduction in household income as well as those receiving state unemployment compensation benefits.

The Alabama Housing Finance Authority (AHFA) accepted, through November 7, public comments concerning the proposed 2015 HOME Action Plan and the Housing Credit Qualified Allocation Plan (Plans) for the distribution of HOME funds and Housing Credits in exchange for the new construction and substantial rehabilitation of low-income projects and for the monitoring of HOME funds […]