LIHTC

The state of Wyoming recently launched a new website that offers the public information about the impact of the American Recovery and Reinvestment Act (ARRA), and specifically how it will affect programs in Wyoming.

Beginning Friday, April 3, 2009 through Friday, April 24, 2009, initial public comments will be accepted on the Arizona Department of Housings First Draft 2009 QAP. The proposed 2009 QAP is predominantly the same as the 2008 QAP as modified by the additional underwriting requirements described in the 2008 Resubmittal Allocation Round Notice with several notable changes.

California Tax Credit Allocation Committee has issued a memo regarding its single 2009 funding round for 9% tax credits. CTCAC staff has proposed a regulatory scheme that would allow competitive Credit Ceiling (9%) reservation recipients 45 days following preliminary reservation to obtain an equity partner Letter of Intent. If applicants were unsuccessful in obtaining an equity partner, they could return their 9% credits and compete for cash in lieu of credits.

Montana Board of Housing will hold its QAP Input and Exchange Session for the 2010 QAP on May 20 & 21, 2009 in Great Falls.

Two congressional leaders have sent a letter to the U.S. Treasury Department asking it to promptly issue a revenue procedure to implement the new authority for state housing credit agencies to exchange low-income housing tax credit authority for cash grants, as authorized by the American Recovery and Reinvestment Act of 2009.

The National Council of Affordable Housing Market Analysts has made available the PowerPoint Presentations and handouts presented during the 2009 Public Policy & Market Study Forum: Affordable Housing In The ‘Stimulated’ Economy.

The Ohio Housing Finance Agency has published a draft implementation plan for the new funding programs provided by the American Recovery and Reinvestment Act (ARRA).

The Georgia Department of Community Affairs recently issued a preliminary implementation plan that it will use for allocating housing resources provided by the American Recovery and Reinvestment Act (ARRA).

We are pleased to announce that Mercedes Márquez, General Manager, Los Angeles Housing Department will be delivering the Luncheon Address for the 2009 Spring Developers Forum, May 11-12 at the Hyatt Regency Century Plaza, Los Angeles, California.

Tennessee Housing Development Agency (THDA) Executive Director Ted Fellman recently issued a memo that provides a set of guiding principles that THDA will use to implement the housing tax credit relief provisions contained within the American Recovery and Reinvestment Act (ARRA) as expected guidance is made available by the Treasury and HUD.

The Florida Housing Finance Corporation has scheduled a public hearing on April 8 in Tallahassee to receive comments and suggestions from interested persons relative to the methodology to be used regarding the implementation of the American Recovery and Reinvestment Act.

The Wisconsin Housing and Economic Development Authority on March 27 issued a reminder to prospective applicants for low-income housing tax credits, saying that WHEDA isn’t currently accepting applications for new LIHTC funds authorized by the American Recovery and Reinvestment Act (ARRA), and isn’t accepting applications that identify these funds as a source of financing.