LIHTC
NCHMA 2013 Annual Meeting: Conference Materials Available!
All conference materials, PowerPoint presentations, relevant articles, reports, memos, etc. from the 2013 NCHMA Annual Meeting are available for download.
IRS Publishes LIHTC Newsletter #53
The Internal Revenue Service (IRS) has released it latest LIHC Newsletter, which provides a forum for information about Section 42, the Low-Income Housing Tax Credit (LIHTC), and communicates technical knowledge and skills, guidance, and assistance for developing LIHTC properties. LIHC Newsletter #53 provides guidance on developer fees.
UPDATE: New Mexico 2014 QAP: QAP Training Registration
Registration is now open for the 2014 State of New Mexico Qualified Allocation Plan (QAP) training. Attendance for this workshop is mandatory for all applicants. Topics covered will include application standards and scoring, common application errors and changes to the QAP.
2014 Iowa QAP: Final Version Available
The 2014 Iowa QAP is now available on Iowa Finance Authority’s (IFA) website. The final application is due on December 9, 2013 at 4:30 pm. Please note that there applicants must attend a mandatory developer training session.
2014 Idaho QAP: Public Hearing & Draft
Idaho Housing and Finance Association (IHFA) will hold a public hearing for the 2014 Qualified Allocation Plan (QAP) on October 30, 2013
Notices of Funding Availability: Alaska
Alaska Housing Finance Corporation announced the availability for funding under the following programs:
UPDATE: Virginia QAP: Final QAP
On October 2, 2013, The Virginia Housing Finance Authority (VHDA) Board of Commissioners Approved revisions to the 2014 Qualified Allocation Plan. The application deadline is January 29, 2014 and application materials will be available in mid-December.
Affordable Housing in the New England Region: A New Special Report
Multifamily housing developers, community organizations, investors, and lenders interested in affordable rental housing in New England have a new resource available that provides a comprehensive overview of current opportunities. A special report entitled “A Variety of Approaches: New England State Agencies Differ in Needs, Priorities in Their Housing Credit Programs” reviews recent and current tax credit allocation activity, project trends, and state priorities in the New England states ““Connecticut, New Hampshire, Maine, Massachusetts, Rhode Island, and Vermont.
Ohio Issues New Draft Multifamily Underwriting Guidelines
The Ohio Housing Finance Agency has issued a new draft of its Multifamily Underwriting Guidelines. Notable changes include increasing the Developer’s Fee for 4% Housing Tax Credit Projects to increase basis.
Low-Income Housing Limits to Be Waived For Colorado Disaster Victims
The Internal Revenue Service (IRS) announced that it is waiving certain limitations for projects financed with Low Income Housing Tax Credits (LIHTC) or exempt facility bonds so that owners and operates across the United States can provide housing to victims of severe storms, flooding, landslides, and mudslides in Colorado that began September 11, 2013.
House, Senate Appropriations Committees Approve FY 2014 HUD Spending Measures
The U.S. Senate and House of Representatives Appropriations Committees have both approved the T-HUD Subcommittee versions of the fiscal year (FY) 2014 Transportation, Housing and Urban Development (T-HUD) and FY 2014 Agriculture and Rural Development funding bills.
Senators Announce “˜Blank Slate’ Approach to Tax Reform
Senate Finance Committee Chairman Max Baucus (D-MT) and Ranking Member Orrin Hatch (R-UT) recently distributed a “Dear Colleague” letter outlining a “blank slate” approach to tax reform. This method approaches tax reform with the assumption that all special provisions will be eliminated unless there is clear evidence they should be kept in the code.