LIHTC
California Reschedules Application Workshops
The California Tax Credit Allocation Committee (TCAC) has rescheduled its application workshops for its 2009 low-income housing tax credit program in order to draft changes to modify its qualified allocation plan in responses to provisions of the American Recovery and Reinvestment Act.
District of Columbia Issues 2009 QAP
The District of Columbia Department of Housing and Community Development has released its new qualified allocation plan (QAP) for its low-income housing tax credit program.
Oregon Bill Would Increase Cap on State Housing Tax Credit
A bill (SB 199) has been introduced in the Oregon state legislature that would increase by $4 million the cap on the amount of Oregon Affordable Housing Tax Credits that may be outstanding in any fiscal year, from $17 million to $21 million.
California Postpones 2009 LIHTC First-Round Application Deadline
The California Tax Credit Allocation Committee (CTCAC) has postponed from April 6 its first-round application deadline for its low-income housing tax credit program, as well as associated application workshops.
Illinois Soliciting Applications for LIHTCs for Disaster Counties
The Illinois Housing Development Authority is soliciting applications for roughly $9.7 million in low-income housing tax credits for projects available only for projects in 18 designated disaster counties within the state. Applications must be submitted on April 6.
Ohio Issue Draft 2009 Guidelines for Loan Program
The Ohio Housing Finance Agency (OHFA) has released draft guidelines for 2009 for its Housing Development Loan Program.
Ohio Agency Amends Gap Financing Guidelines for LIHTC Projects
The Ohio Housing Finance Agency has announced newly approved amendments to the gap financing guidelines under its Housing Development Assistance Program (HDAP).
Pennsylvania Issues Statement on Adjustments, Waivers to 2009 QAP
The Pennsylvania Housing Finance Agency (PHFA) is taking steps to assist in providing maximum flexibility and responsiveness to developers seeking 2009 low-income housing tax credits.
South Carolina Issues LIHTC Bulletin; Raises Cap for Amount of LIHTC Owner Can Receive Across Multiple Projects
The South Carolina State Housing Finance & Development Authority has issued a Low Income Housing Tax Credit Program Bulletin to updates its 2009 LIHTC Manual.
TCA October 2008 Issue Theme: Historic Rehabilitation
Tax Credit Advisor
October 2008
Issue Theme: Historic Rehabilitation
House of Representatives Passes Economic Stimulus Bill; No New LIHTC Amendments
The US House of Representatives has passed HR 1, its $819 billion economic stimulus bill on a vote of 244-188. The House adopted several amendments prior to passing the measure that clarify how funds dedicated to transportation can be spent and strengthening whistleblower protections. The US Senate is scheduled to consider its measure, which is considerably different, in the next few days.
Stimulus Compromise Announced; LIHTC Exchange Proposal & Gap Financing Part of Package
At press time the Economic Recovery Act was still in conference committee and specific text was not available; however, Congressional leadership has indicated that House a compromise has been agreed upon that will cost about $789 billion. Reports of housing provisions include…