LIHTC

The U.S. Department of Housing and Urban Development recently issued a notice soliciting comment from State housing credit agencies on reporting and record-keeping requirements of the Tax Credit Assistance Program (TCAP).

The Wisconsin Housing and Economic Development Authority has announced two significant changes with regards to the administration of the Tax Credit Assistance Program (TCAP) and the Section 1602 Tax Credit Exchange Program, provided by the American Recovery and Reinvestment Act.

The Utah Housing Corporation recently made available its draft 2010 qualified allocation plan (QAP) for administering the low-income housing tax credit (LIHTC) program.

The Nebraska Investment Finance Authority (NIFA) has released its 2010 low-income housing tax credit program application package, including the 2010 qualified allocation plan (QAP).

The Kentucky Housing Corporation has released the final, approved version of its qualified allocation plan for the 2010 low-income housing tax credit (LIHTC) program. KHC will make approximately $9 million available through its 2010 program.

The Georgia Department of Community Affairs (DCA) has scheduled a series of three public hearings to provide an opportunity for public comment on proposed changes to the 2010 qualified allocation plan (QAP).

NH&RA announced today that a rare assemblage of five state allocators from adjoining Midwestern states will be a highlight of the Annual Meeting of the National Council of Affordable Housing Market Analysts (NCAHMA) at Chicago’s Doubletree Hotel on November 9 and 10.

The Texas Department of Housing and Community Affairs (TDHCA) has released a series of housing policy documents and rules, including the draft 2010 qualified allocation plan (QAP), for administering its affordable housing programs.

The California Tax Credit Allocation Committee (TCAC) has released a revised set of proposed regulation changes to the American Recovery and Reinvestment Act programs and tax credit program tiebreaker.

The Arkansas Development Finance Authority has released its Tier Three application for 2009 tax credits, HOME funds, TCAP and Exchange program funding.

National Council of State Housing Agencies (NCSHA) has sent a letter to Congressional Leaders seeking provisions to strengthen the Housing Bond and Credit programs.

HUD’s Federal Housing Administration (FHA) has proposed a new rule that would conform multifamily mortgage insurance regulations to a provision in Title VIII of the Housing and Economic Recovery Act of 2008 that prohibits a requirement that tax credit sales proceeds be placed into escrow, at the time of initial endorsement, for assurance of project completion and to pay the initial service charge, carrying charges, and legal and organizational expenses incident to the construction of the project.