LIHTC
Ohio Releases 2013 Affordable Housing Funding Application
The Ohio Housing Finance Agency has released its 2013 Affordable Housing Funding Application (AHFA) and supporting materials for applicants of the Low-Income Housing Tax Credit (LIHTC) program, Housing Development Assistance program and the Housing Development Loan program.
Oregon Releases Update on Consolidated Funding Cycle Redesign Process
Oregon Housing and Community Services (OHCS) released a status update on the Consolidated Funding Cycle (CFC) redesign process. The redesigned CFC is meant to be more efficient and effective process for allocating multi-family housing resources, including the Low-Income Housing Tax Credit and HOME funds.
NH&RA Fall Forum Conference Materials Now Available
NH&RA was pleased to welcome over 200 industry professionals to our 2012 Fall Developers Forum. All conference materials including Power Point presentations, reports, memos and articles from the conference are available for download.
Virginia Requests Submittals for Experienced LIHTC Developer List
The Virginia Housing Development Authority (VHDA) is seeking submissions from individuals who wish to be included on its Experienced LIHTC Developer list. This list is used during the LIHTC application review process to help determine point allocations in the Developer Experience category.
Texas Releases Final 2013 QAP & Uniform Multifamily Rules
The Texas Department of Housing & Community Affairs has released its final version of its 2013 Qualified Allocation Plan (QAP) and Uniform Multifamily Rules as approved by the Governor.
North Carolina Releases Final 2013 QAP & Preliminary Application
The North Carolina Housing Finance Agency has published the final version of its 2013 Qualified Allocation Plan (QAP) for the allocation of federal Low-Income Housing Tax Credits (LIHTCs).
Maryland Releases Status Update on 2013 QAP Revision
The Maryland Department of Housing & Community Development (MDHCD) released a notice to provide a status update on the revision process for its 2013 Qualified Allocation Plan and Guide.
GAO Report Examines 2008 HERA Provisions Effect on LIHTC Program
The Government Accountability Office (GAO) recently released a report entitled “Low-Income Housing Tax Credits: Agencies Implemented Changes Enacted in 2008, but Project Data Collection Could Be Improved” which examines the implementation of changes to the Low-Income Housing Tax Credit (LIHTC) program which occurred under the Housing and Economic Recovery Act (HERA) of 2008.
Delaware Releases Draft 2013 QAP
The Delaware State Housing Authority has released draft versions of its 2013 Qualified Allocation Plan (QAP), cover sheet, and attachments. The draft contains several changes from the 2012 QAP.
Nebraska Releases Final 2013 QAP, Announces Application Workshop
The Nebraska Investment Finance Authority (NIFA) has released its final version of the state’s 2013 Qualified Allocation Plan (QAP) for the purpose of allocating federal Low Income Housing Tax Credits (LIHTCs).
HUD Issues LIHTC Pilot Program Guidance
HUD recently issued an updated draft Low-Income Housing Tax Credit (LIHTC) Pilot Program Application Processing Guide. This informal guide is meant for lenders and HUD staff to use while underwriting loans for the Pilot Program, which aims to streamline FHA processing of mortgage insurance applications for projects with LIHTC equity.
Bankruptcy Court Rules to Include LIHTC Value in Bank’s Property Valuation
The Bankruptcy Appellate Panel (BAP) for the Sixth Circuit Federal Court of Appeals recently decided a case involving five Kentucky limited partnerships (the Debtors) which were placed in a jointly-administered Chapter 11 case. In the appeal, the debtors took issue with including the value of LIHTCs in the bank’s appraised value of the real property.