LIHTC

Senate Finance Committee Ranking Member Ron Wyden (D-OR) and Senators Todd Young (R-IN) and Representatives Don Beyer (D-VA), Joe Neguse (D-CO) and Jackie Walorski (R-IN) introduced legislation to eliminate the Qualified Contract provision for new LIHTC properties.

The ACTION Campaign steering committee, of which NH&RA is a member, sent a letter to the Senate Finance Committee Employment and Community Development Task Force. The Task Force is tasked with examining temporary tax incentives and members of the Task Force encouraged the ACTION Campaign to submit comments about the Affordable Housing Tax Credit. The […]

On Thursday, June 20 at 9:30 am EDT, the House Ways and Means Committee will markup The Taxpayer Certainty and Disaster Tax Relief Act of 2019 (H.R. 3301), which would extend the New Markets Tax Credit (NMTC) through 2020. The NMTC will expire at the end of 2019 absent congressional action. The bill would also […]

The National Low Income Housing Coalition and Public and Affordable Housing Research Corporation released an updated version of the National Housing Preservation Database for 2019. The database includes updated data on Section 515, Section 8, HOME, REAC and Section 202 direct loan usage across the country. In addition, LIHTC properties now have end dates to track […]

The Idaho Housing and Finance Association will be accepting applications for LIHTC/HOME through a newly designed portal system, Procorem, effective August 2, 2019. 

On June 4, Senators Maria Cantwell (D-WA), Johnny Isakson (R-GA), Ron Wyden (D-OR) and Todd Young (R-IN) introduced The Affordable Housing Credit Improvement Act of 2019 (S. 1703) while Representatives Suzan DelBene (D-WA), Don Beyer (D-VA), Kenny Marchant (R-TX) and Jacky Walorski (R-IN) introduced companion legislation H.R. 3077 in the US House of Representatives. The ACTION Campaign is submitting a letter to Congress demonstrating the strong support for the Affordable Housing Credit Improvement Act. The deadline to sign-on to the letter is Tuesday, June 11.

RBC Capital Markets Tax Credit Equity Group announced the closing of the RBC Tax Credit Equity National Fund-29 with total tax credit equity of $116,012,401. The Fund consists of $110.4 million of LIHTC equity and $5.6 million of Georgia State LIHTC equity.

The Alaska Housing Finance Corporation (AHFC) is soliciting comments to the draft allocation plan for the FY 2020 Greater Opportunities for Affordable Living (GOAL) Program and QAP.  These documents govern the allocation of four funding sources: the Low Income Housing Tax Credit; the HOME Investment Partnership Act; the National Housing Trust Fund; and the Senior Citizens Housing Development Fund.

The ACTION Campaign released updated national and state factsheets that show the impact of the LIHTC in all 50 states and the District of Columbia. In addition to the regular information on homes developed or preserved, jobs supported and the need for affordable housing, this year’s factsheets also include estimates on how many homes could be built with a 50 percent LIHTC increase.

The Ohio Housing Finance Agency (OHFA) will hold several training sessions on Compliance Policies and Regulation.

Preliminary Application Reminder — Deadline June 3
Apricot Online Training — May 16
New and Improved Financing Application 
2021-2022 Qualified Allocation Plan Public Forum — June 6

Novogradac updated its Rent & Income Limit Calculator© with HUD’s FY 2019 rent and income limit data. Using the HUD-published data, the Novogradac Rent & Income Limit Calculator© will calculate low-income housing tax credit (LIHTC) rent and income limits for every county and every metropolitan statistical area in the US.