LIHTC

ICAST’s IRA & BIL Instant Benefit Estimate Calculator is now available on NH&RA’s website under the Resources section.

The Virginia Department of Behavioral Health and Developmental Services is seeking experienced providers to deliver supportive services to individuals with a serious mental illness or developmental disability who live in certain LIHTC properties.

The Texas Department of Housing and Community Affairs posted a draft of the 2022 LIHTC Site Demographic Characteristics Report.

The Texas Department of Housing and Community Affairs is notifying owners and agents of all 2019 nine percent LIHTC developments that, under the authority provided by Revenue Procedure 2014-49 and due to the major disaster declaration resulting from the COVID-19 pandemic, the deadline to place in service each building has been extended by six months, going from Dec. 31, 2021, to June 30, 2022. 

The Connecticut Housing Finance Authority and Spectrum are hosting a webinar on LIHTC compliance.

The Texas Department of Housing and Community Affairs (TDHCA) posted a second amendment to the 2021-3 Multifamily Direct Loan Annual NOFA.

The House Financial Services Committee completed their work on Tuesday and sent their portion of the bill to the House floor with a 30-24 party-line vote. The committee voted down all of the amendments offered by Republicans.  

HUD designated Difficult Development Areas and Qualified Census Tracts for 2022.

WNC Inc. announced it has closed three institutional LIHTC funds totaling approximately $255 million in equity.

Last week, the White House released a sweeping set of actions the Biden-Harris administration is taking to increase the supply of affordable housing.

The Internal Revenue Service (IRS) issued Rev. Proc. 2021-39, which extends the ability of bond issuers to conduct hearings virtually through March 31, 2022 due to COVID-19.

The National Low Income Housing Coalition (NLIHC) and Public and Affordable Housing Research Corporation (PAHRC) updated its National Housing Preservation Database with new data for properties assisted by Section 8 Project-Based Rental Assistance, LIHTCs, Public Housing, HUD-insured mortgages, Section 202 Direct Loans, Section 515 mortgages, Section 538 Guaranteed Loans, fair market rent and Real Estate Assessment Center scores.

A Dear Colleague letter, led by Reps. Suzan DelBene (D-WA) and Don Beyer (D-VA), asking Speaker of the House Nancy Pelosi (D-CA) and House Minority Leader Kevin McCarthy (R-CA) to include LIHTC provision in the partisan reconciliation package was signed by 111 representatives.