LIHTC
IRS Updates 2013-14 Priority Plan; Historic Credit, LIHTC, NMTC and Energy Credit Items Included
The U.S. Department of Treasury’s updated 2013-2014 Priority Guidance Plan contains 324 projects that are priorities for allocation of the resources of its offices during the plan year which runs from July 2013 through June 2014.
Texas 2014 QAP: Preliminary QAP, Public Comments, & Roundtable
The Texas Department of Housing and Community Affairs (TDHCA) has released the preliminary staff drafts of 2014 Qualified Allocation Plan (QAP) and key subchapters of the Uniform Multifamily Rules related to the QAP requirements. Additionally, an online forum with the discussion threads for each of the various parts of the rules is available online and TDHCA staff encourages potential members and the public to make comments on the preliminary QAP.
New Report Examines Impact of LIHTC on Rural Communities
A recent report conducted by Rapoza Associates entitled “The Low-Income Housing Tax Credit: Overcoming Barriers to Affordable Housing in Rural America” examines the importance of the Low-Income Housing Tax Credit (LIHTC) in the developing and preserving affordable housing in rural communities.
Tennessee 2014 QAP: Public Hearing
Tennessee Housing Development Agency (THDA) will host a Public Hearing for the 2014 Tennessee LIHTC QAP on August 29, 2013 from 10:00 am to 11:00 am
Colorado QAP: Public Hearings
The Colorado Housing Finance Authority will hold two public hearings to receive input from the public to develop the 2014 Colorado QAP.
New York 2013-2014 Draft QAP & Public Hearings
New York State Homes and Community Renewal (HCR) released its proposed 2013/14 Qualified Allocation Plan (QAP) for the federal and state Low-Income Housing Tax Credit Programs. They have also announced a series of public hearings to solicit comments on the two plans.
Senators Introduce Bill to Provide Preference for LIHTC Development on Tribal Land
Senators Maria Cantwell (D-WA) and John Barrasso (R-WY) recently introduced the Native American Housing Assistance and Self-Determination Reauthorization Act of 2013 (S. 1352), which among other provisions, would increase low-income housing tax credit (LIHTC) incentives for developments serving Native American communities.
Obama Details Housing Policy Initiatives in Recent Speech
On Tuesday, August 6, President Obama delivered a speech in Phoenix, Arizona detailing his plan for promoting a strong and stable housing market. The speech addressed several core principles but mainly focused on balancing housing policy to support both sustainable homeownership options and affordable rental opportunities.
North Dakota QAP Draft in Development
North Dakota Housing Finance Authority (NDHFA) staff is in the process of developing a Draft 2014 Qualified Allocation Plan to be used in the administration of the Low Income Housing Tax Credit Program. If you have suggestions for changes to the existing plan, please provide your written comments by August 20, 2013. A draft 2014 Qualified Allocation Plan is expected to be ready for public comment by October 22, 2013.
NH&RA 2013 Summer Institute: Conference Materials Now Available!
NH&RA was please to welcome over 100 participants at the 2013 Summer Institute. All conference materials, Power Point presentations, relevant articles, reports, memos, etc. are available for download.
Florida Housing Credit Allocation Workshop
Florida Housing Finance Corporation will host a Housing Credit Allocation Process Workshop on July 30, 2013 at 1:00PM to solicit public comments concerning the distribution of the 2014 housing credits. Topics include proximity requirements in scoring, limited development areas, housing credit request amount tests, total development cost limitations, funding selection based off of county size, the 2014 QAP, and other discussions.
Nebraska 2014 QAP Focus Group
Nebraska Investment Finance Authority (NIFA) will hold a Focus Group Meeting to gather comments in preparation of creating the 2014 Qualified Allocation Plan.