LIHTC

The Department of Energy (DOE) has scheduled a public meeting for June 18th to receive comments on its proposal to amend the eligibility provisions under the Weatherization Assistance Program for certain HUD assisted and Low Income Housing Tax Credit properties.

HUD and the Department of Energy have issued a Memorandum of Understanding (MOU)that outlines a path by which LIHTC Projects, HUD Assisted Housing and Public Housing can utilize Weatherization Assistance Program funds.

HUD has issued a new set of Q&As for the Tax Credit Assistance Program (TCAP) Program.

The U.S. Department of Energy has extended the comment period until July 6, and announced a public hearing for June 18 (also available as a conference call) on proposed regulations it issued on May 21 regarding DOE’s Weatherization Assistance Program (WAP).

The North Carolina Housing Finance Agency has issued a revised version of its low-income housing tax credit exchange program process and criteria.

The Virginia Housing Development Authority has issued its fourth update to the low-income housing tax credit reservation application process for its 2009 program.

Housing New Mexico has published separate draft notices of funding availability (NOFA) for its low-income housing tax credit assistance (TCAP) and exchange programs.

The Nevada Division of Housing has published guidance on the application and selection process criteria for its tax credit assistance program (TCAP).

The Florida Housing Finance Corporation has published guidelines for the issuance of RFPs for the low-income housing tax credit assistance (TCAP) and Exchange programs, provided for by the American Recovery and Reinvestment Act.

The U.S. Department of the Treasury recently announced the next wave of funding awards under the Low-Income Housing Tax Credit (LIHTC) Exchange Program, to spur the development of affordable housing units in five states.

The Internal Revenue Service is soliciting comments on Form 8611, the form required for Recapture of Low-Income Housing Tax Credits (LIHTC). Under the LIHTC program, if a project is discarded or fails to meet ongoing program requirements during the 15-year compliance period, the owner must use Form 8611 in order to recapture part of the credits taken in prior years.

New Jersey’s Housing & Mortgage Finance Agency has published guidelines for the tax credit assistance program (TCAP), including project eligibility, selection criteria, awards process, commitment and expenditure deadlines and federal grant requirements.