Qualified Allocation Plans

Louisiana Housing Corporation’s Board of Directors approved $2.9 million of additional volume cap to develop 132 affordable rental units in two Louisiana parishes at their monthly board meeting, June 9. 

Tracy Thurston will transition into the position of senior director of financial management at Kentucky Housing Corporation, effective June 23, 2021 in anticipation of Jim Statler’s eventual retirement.  

The Illinois Housing Development Authority (IHDA) announced funding for its Permanent Supportive Housing (PSH) Development Program. Financing is available for the acquisition, rehabilitation and/or new construction of PSH projects that serve the most vulnerable populations and that offer flexible, voluntary supportive services designed to increase housing stability. 

The Kansas Housing Resources Corporation (KHRC) will hold a webinar from 10 to11:30 a.m. CT on June 24 on utility allowances.

Colorado Housing and Finance Authority (CHFA) has made its Advanced Tax Credit Compliance training available for on-demand viewing. This training is required by the QAP for representatives of the management and the ownership. 

The Federal Home Loan Bank of Pittsburgh will be hosting a webinar on June 14, from 11 a.m. to noon ET, that will provide participants with important information about how to apply for and secure funding through FHLBank’s Affordable Housing Program (AHP). A total of $20 million − $750,000 per project − is available to support many types of affordable housing. Register here. 

The Wisconsin Housing and Economic Development Authority (WHEDA) issued an $156 million Housing Revenue Bond to finance rental housing developments currently in its loan closing pipeline.

The Louisiana Housing Corporation will hold hearing on its draft 2022 QAP at 10 a.m. ET on July 8 at 2415 Quail Drive, Baton Rouge, LA. The meeting will not be held virtually. Comments on the draft QAP can be sent to [email protected] by July 8.

Florida Housing created a Multifamily Development Cost Increase Pro Forma Survey Template to gather some basic information on the current status of proposed Developments that have not yet filed a Notice of Commencement. Florida Housing intends to gather this data to assist in determining any future recommendations for actions that can be offered to the Board of Directors in addressing the dilemma of the rapid increase in construction costs over the past year and the consequential issues related to adequate funding resources needed to provide a viable Development and to maintain a reasonable Total Development Cost Per Unit  Limitation process.

After 12 years at the helm, Anas Ben Addi is stepping down as director of the Delaware State Housing Authority (DSHA) to become the chief financial officer for Delaware State University. 

A pool of up to $3,000,000 is available as gap financing for proposed developments that demonstrate both a financial feasibility need and a prudent use of CHFA’s resources in order to accomplish flexibility and additional opportunities in the development of affordable housing throughout the State of Connecticut. Please note that funding is subject to ongoing availability and further information detailing all eligibility requirements is available here. 

A pool of up to $6,000,000 is available for proposed developments that satisfy Capital Magnet Fund (CMF) program requirements specific to CHFA, which, among other requirements, includes: 

1. Resident population: Minimum set-asides for households with incomes less than 50 percent of area median income; 
2. Location: Eligible proposed developments must be located in areas of economic distress and 
3. Leverage: Eligible proposed developments must achieve a private leverage capital ratio of 10:1.