LIHTC

The Guam Housing and Urban Renewal Authority has drafted a new Qualified Allocation Plan. This year’s QAP places greater emphasis on housing the elderly and those with special needs.

Oregon Housing and Community Services will hold a partner work session on February 1 (10:30 to 1:00 pm PST) at its offices for a group discussion on issues related to guidelines for new multifamily funding.

On Wednesday, January 23, 2013 the California Tax Credit Allocation Committee (TCAC) adopted 2013 regulation changes as recommended by TCAC staff in its January 10 Final Statement of Reasons.

The California Tax Credit Allocation Committee will host 13 LIHTC compliance monitoring workshops across the state in 2013. Five workshops will be focused on Advance Compliance issues, five workshops focused on Basic Compliance issues, and 3 Intensive Workshops that combine elements from both the Basic and Advanced workshops.

The Public and Affordable Housing Research Corporation (PAHRC) and the National Low Income Housing Coalition (NLIHC) recently released the National Housing Preservation Database, which was created in an effort to provide communities with the information they need to effectively preserve their stock of public and affordable housing.

The Virginia Housing Development Authority (VHDA) released an update for potential applicants regarding reservation applications to the Low Income Housing Tax Credit (LIHTC) program.

The Texas Department of Housing and Community Affairs (TDHCA) has posted final versions of the 2013 Housing Tax Credit Program Qualified Allocation Plan (QAP) and 2013 Uniform Multifamily Rules, as approved by the Governor and the Texas Register. TDHCA has also posted a list of frequently asked questions on its website related to the competitive (9%) housing tax credit program.

In response to the American Taxpayer Relief Act of 2012, the Kentucky Housing Corporation (KHC) is modifying the closing extension policy of the 2013 Qualified Allocation Plan (QAP).

In response to the, H.R. 8, American Taxpayer Relief Act of 2013, the Arizona Department of Housing (ADOH) requested approval from Governor Brewer for adjustments to the 2013 Qualified Allocation Plan. The proposed changes include extending the application deadline by two months from March 1, 2013 to May 1, 2013.

Missouri State Senator Will Krause (R-Jefferson City) recently introduced SB 163, which reauthorizes certain tax credits, prohibits further authorization of certain tax credits, and modifies state historic preservation tax credit (HPTC) and low-income housing tax credits (LIHTCs).

Smart Growth America recently published a report entitled “Federal Involvement in Real Estate: A call for examination”, to look at the effectiveness of various federal real estate investment programs and determine how well these programs influence development.

Oregon Housing and Community Services (OHCS) recently published an update on its multifamily funding redesign project in conjunction with its January 11 State Housing Council meeting.