LIHTC

The Ohio Housing Finance Agency (OHFA) has released a draft set of core values to evaluate the capacity of management companies as part of its development of the 2010 qualified allocation plan (QAP).

NH&RA has uploaded new video excerpts from the 2009 Spring Developers Forum, May 11-12 in Los Angeles, California. If you missed these great sessions you can view video excerpts from the meeting on HousingOnline’s You Tube Channel. The session explored new funding sources made available by the American Recovery & Reinvestment Act including the Tax Credit Exchange and TCAP Programs and in particular issues pertaining to the recent guidance provided by HUD, the Department of Treasury and the IRS on the implementation of these programs. Featured speakers include Peter Bell (NH&RA), Ronne Thielen (Centerline Capital), Joel Rubenzahl (Community Economics Group), Tom Capp (Gorman & Company) and Jeanne Peterson (Reznick Group).

The U.S. Department of the Treasury on July 10 announced $486 million in American Recovery and Reinvestment Act (ARRA) funding to spur the development of affordable housing units through its Section 1602 Tax Credit Exchange Program.

The U.S. Department of the Treasury on July 9 released additional guidance with regards to the Recovery Act’s Section 1602 Exchange Program, which provides grants to states for housing projects in lieu of low-income housing tax credits for 2009.

The Alabama Housing Finance Agency (AHFA) has released additional application forms for its Section 1602 Tax Credit Exchange and Tax Credit Assistance Programs (TCAP).

The Wisconsin Housing and Economic Development Authority has released final guidance regarding its Section 1602 Tax Credit Exchange Program and its Tax Credit Assistance Programs (TCAP).

U.S. Department of Housing and Urban Development Secretary Shaun Donovan yesterday announced that HUD has approved requests from 26 states for over $1 billion in funding through the Tax Credit Assistance Program (TCAP), provided by the American Recovery and Reinvestment Act of 2009 (ARRA).

Michigan State Housing Development Authority has issued a number of updates pertaining to the tax credit program:

The U.S. Department of Housing and Urban Development’s Office of Policy Development and Research has updated its Guide to HUD USER Data Sets.

The Maine State Housing Authority has released guidance on the Section 1602 Tax Credit Exchange Program, provided by the American Recovery and Reinvestment Act (ARRA).

Senator Evan Bayh (D-Ind.) has proposed legislation that would make $230 million in funding immediately available to begin work on shovel-ready affordable housing developments in flood-ravaged areas of Indiana. The legislation would clarifiy that disaster housing credits in Indiana, Alabama, Arkansas, Illinois, Iowa, Kansas, Louisiana, Michigan, Missouri, Minnesota, Nebraska, Texas and Wisconsin would be eligible for the Tax Credit Exchange Program.

The Michigan State Housing Development Authority has released a notice of guidance and application for its 9% low-income housing tax credit exchange program, provided for by the American Recovery and Reinvestment Act of 2009.