Georgia

The Internal Revenue Service (IRS) recently published Revenue Procedure 2012-42, which indicates the amounts of unused Low-Income Housing Tax Credit (LIHTC) carryovers for 2012. These carryovers, which amounts to nearly $2.43 million in unused credits, have been allocated to 34 states.

HUD’s Economic and Market Analysis Division regularly publishes Comprehensive Housing Market Analysis reports for regions across the country.

The Georgia Department of Community Affairs (DCA) Office of Affordable Housing has published the following documents for use in preparing applications in the 2012 OAH Funding Round.

The Federal Housing Finance Agency (FHFA) recently announced the next step in its Real Estate-Owned (REO) Initiative, targeted to hardest-hit metropolitan areas “” Atlanta, Chicago, Las Vegas, Los Angeles, Phoenix and parts of Florida.

The Georgia Department of Community Affairs (DCA) has issued a Request for Qualifications (RFQ) for market study report services. Selected market study providers will be placed on a list of qualified firms authorized to provide market study services to applicants for DCA’s affordable housing programs.

The Georgia Department of Community Affairs (DCA) has announced the 2012 Qualified Allocation Plan Application Workshop will take place Tuesday, February 28, 2012 from 9:00 am to 4:00 pm at the Cobb Galleria Centre in Atlanta, GA.

The Internal Revenue Service (IRS) published Revenue Service 2011-57 which dictates the amounts of unused housing credit carryover allowances allocated to qualified states. Nearly $3.66 million of unused credits were divided among the states in the National Pool.

The Georgia Department of Community Affairs (DCA) Office of Affordable Housing (OAH) has released the proposed 2012 Qualified Allocation Plan (QAP).

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.

On June 15 Senators Richard Shelby (R-Ala.) has introduced legislation to provide relief to states that suffered damage by the series of tornadoes and flooding that have struck the south east.

Several state housing finance agencies have released varying drafts of their 2011 QAPs over the past few weeks, as well as LIHTC program materials, proposed changes and other information.

The Georgia Department of Community Affairs (DCA) has issued a reminder to awardees of low-income housing tax credits and 1602 Exchange funds about expenditure deadlines for the program.