News

Due to higher demand for long term bonds in Oregon, the Oregon Housing and Community Services (OHCS) has undertaken an analysis of current charges for bonds and 4% transactions. On June 7, 2013 the State Housing Council moved to approve the change of the 4% LIHTC reservation charge from 6.5% to 12% on all existing applications and future applications using OHCS Bonds. The 4% LIHTC transaction which use private activity bonds that have a PAB committee date set as of July 11, 2013 will not be affected at this time by the changes, though the Oregon State Housing Council will vote on expanding the reservation charge to include 4% LIHTC transactions at the August 2, 2013 meeting.

The Michigan State Housing Department Authority (MSHDA) has posted an updated version of the Scoring Criteria for the Low Income Housing Tax Credit (LIHTC) program to its website. MSHDA made this necessary update to modify the Cost Containment criteria to reflect new data that is now available following the completion of awards of 9% LIHTC from the 2013 allocation year. MSHDA also announced that the first competitive funding round for 2014 Low Income Housing Tax Credit will have an application submission deadline on August 15, 2013 at 5:00 P.M. EST.

The Arizona Department of Housing (ADOH) is requesting input for its 2014 Qualified Allocation Plan (QAP).

The National Park Service’s Technical Preservation Services recently announced a new series of free monthly educational webinars focusing on the historic tax credit program, the Secretary’s Standards for the Treatment of Historic Properties, technical preservation issues and other preservation-related subjects.

On July 2, 2013 HUD issued its “Notice of Senior Preservation Rental Assistance Contracts Award Process” (Notice), which specifies the process by which HUD will award Senior Preservation Assistance Contracts (SPRACs). The Notice also starts the application process, and solicits applications for a period of 60 days.

The Community Development Financial Institutions (CDFI) Fund recently released updated data on New Markets Tax Credit (NMTC) projects

Harvard University’s Joint Center for Housing Studies (JCHS) recently released the 2013 edition of its State of the Nation’s Housing report, which indicates positive housing market growth and an inclination that the housing recovery is well underway.

HUD recently announced that the Office of Multifamily Housing will launch a centralized processing model for the majority of Section 236 preservation activity through the Office of Affordable Housing Preservation (OAHP) in HUD Headquarters.

Please note that our website will be undergoing site maintenance beginning at 5:00 pm EST on July 1. Some features including login and conference registration will be disabled during this period. Full service will return on July 2. Sorry for the inconvenience and thank you for your patience.

The Housing Authority of Baltimore City (HABC) requests qualifications from experienced low-income housing developers to partner with HABC in submitting an application to HUD for the Rental Demonstration Program (RAD). HABC intends to enter an agreement with one or more selected developer(s) selected under this RFQ to jointly redevelop one ore more public housing development(s) under the RAD program or by other means available to HABC under its Moving to Work (“MTW”) authority or otherwise.

The Alaska Housing Finance Corporation (AHFC) is currently Requesting for Proposals from qualified market study firms interested in providing multi-family rental housing market studies. The RFP is intended to be interactive in AHFC’s Ariba Sourcing Event module. The proposal deadline is July 16, 2013 at 4:00PM(Alaskan Time).

Multifamily housing developers, community organizations, investors and lenders interested in affordable housing in the Southwestern United States have a new resource available that provides a comprehensive overview of current opportunities. A special report entitled “Diverse Needs: A Look at Housing Credit Programs in the ‘Four Corners” reviews recent and current tax credit allocation activity, project trends and state priorities in the “Four Corners” states — Arizona, New Mexico, Colorado and Utah ““ and is available, free of charge, from the National Housing & Rehabilitation Association (NH&RA), a Washington, DC-based trade association of affordable housing professionals, and Tax Credit Advisor magazine.