LIHTC

Alabama

Alabama LIHTC and Home Investment Partnership Funds Applications Now Available

The Alabama Housing Finance Authority (AHFA) has announced that applications for Low-income Housing Tax Credits and HOME Investment Partnership Funds are now available.

ahtcc

AHTCC Accepting Nominations for Charles L. Edson Tax Credit Excellence Awards

The Affordable Housing Tax Credit Coalition (AHTCC) is accepting entries and nominations for the 19th Annual Charles L. Edson Tax Credit Excellence Awards program, which honor some of the best projects in affordable rental housing development.

Michigan

Application for MSHDA’s Gap Financing Program is due by March 1, 2013

The Michigan State Housing Development Authority (MSHDA) has announced that the application and Preliminary or Reduced Scope Market Study is due by March 1, 2013.

Illinois

IHDA Now Accepting Applications for Affordable Advantage Mortgage

The Illinois Housing Development Authority (IHDA) is now accepting applications for their Affordable Advantage Mortgage. The mortgage was developed to address issues in the marketplace for first mortgage financing of low and moderate- income projects.

Texas

TDHCA posts Multifamily Finance Division Update and FAQs Update

The Texas Department of Housing and Community Affairs (TDHCA) has posted an update for the Multifamily Housing Division to its website.

IRS

IRS Issues Additional Guidance Re: Assisting Hurricane Sandy Storm Victims

The Internal Revenue Service (IRS) recently issued Notice 2013-9 to suspend certain requirements under Section 142(d) of the Internal Revenue Code for qualified residential rental projects financed with tax exempt bonds in order to provide emergency housing relief needed as a result of Hurricane Sandy.

IRS

IRS Publishes 2nd Quarter 2012-13 Priority Plan; LIHTC, NMTC and Energy Credit Items”

The Treasury Department’s 2012″“2013 Priority Guidance Plan contains 317 projects that are priorities for allocation of the resources of its offices during the twelve-month period from July 2012 through June 2013 (the plan year). Several items pertain to the Low-Income Housing Tax Credit, New Markets Tax Credit and various energy credits.

Alabama

AHFA Annual Developers’ Workshop

The Alabama Housing Finance Authority (AHFA) annual developers’ workshop will be held from 9am-2pm on Monday, February 25 on Montgomery Alabama.

West Virginia

The West Virginia Housing Development Fund Issues New Proposal for LIHTC Allocation Plan

The West Virginia Housing Development Fund (WVHDF) has released a proposed 2013 and 2014 Allocation Plan that includes substantial changes from the 2012 Plan. 

Oregon

Oregon Schedules NOFA Feedback Session

The Oregon Housing and Community Services will be holding a work session for those interested in providing feedback of the 2013 multifamily housing NOFA draft scoring model on Friday, February 8 .

California

California Issues Clarification Regarding 2013 Regulation Changes

The California Tax Credit Allocation Committee has issued new guidance clarifying how land and existing improvement values will be considered in underwriting and competitive scoring. The guidance is applicable to all competitive applications.

Minnesota

Minnesota Schedules Hearing for 2014-15 QAP

innesota Housing has released a draft of its 2014-2015 qualified allocation plan for public comment.

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