News
California Proposes Updated Geographic Apportionments
California Tax Credit Allocation Committee (TCAC) announced a proposed readjustment of its geographic regional apportionments for federal and state low-income housing tax credits (LIHTCs). The geographic boundaries used for appropriations were last updated in 2004 but the updated methodology proposes using new 2010 Census data for calculating apportionments and the addition of an 11th region: the City of Los Angeles.
OHFA Releases Final 2012 QAP
The Ohio Housing Finance Agency (OHFA) released the Final 2012 Qualified Allocation Plan (QAP), approved by the OHFA Board on August 17, 2011.
TDHCA Releases 2012 Real Estate Analysis Rules
On Thursday, August 25, the Texas Department of Housing and Community Affairs (TDHCA) released the 2012 real estate analysis rules for public comment.
HUD Proposed 2012 FMRS Decrease in 70 Percent of Counties
Preliminary analysis by Novogradac & Company indicates that the HUD proposed fiscal year 2012 fair market rents (FMRs), released August 19, represent decreases in FMR levels for a vast majority of the country.
North Carolina to Hold Public Hearing on Draft 2012 QAP
The North Carolina Housing Finance Agency (NCHFA) announced they will be holding a public hearing on the 2012 draft Qualified Allocation Plan on September 15th at the Hilton North Raleigh in Raleigh, North Carolina.
HUD Issues Updated Guidance on Section 202/811 Programs
HUD has released updated processing guidance for the Section 202 Supportive Housing for the Elderly and Section 811 Supportive Housing for Persons with Disabilities programs.
Georgia DCA to host 2012 QAP Listening Session
The Georgia Department of Community Affairs (DCA) announced Thursday they will host a 2012 QAP Listening Session for the development of the 2012 Qualified Allocation Plan.
CHFA Announces New Chief Financial Officer
On Thursday, August 25, 2011, the Colorado Housing and Finance Agency (CHFA) announced Patricia Hippe as its new chief financial officer (CFO).
New Jersey Extends Moratorium on Non-Residential Fees
Acting New Jersey Governor Kim Guadagno on Wednesday signed legislation that extends the moratorium on the imposition of fees on non-residential construction projects.
HUD Releases August Issue of ResearchWorks
HUD has released the August 2011 edition of ResearchWorks, the official online newsletter from HUD’s Office of Policy Development & Research.
Industry Groups Request $10 Billion for NHTF
A coalition of 45 national organizations sent a letter to President Obama’s domestic policy and economic teams this week, asking that the Administration provide at least $10 billion for the National Housing Trust Fund in the President’s jobs-creation plan, which includes infrastructure investments, patent reform, free trade deals and an extension of payroll tax cuts.
California Releases Comments on Cost Containment
The California Tax Credit Allocation Committee (TCAC) yesterday released a summary of the comments that it received from stakeholders about costs associated with building affordable housing.