LIHTC
IRS Grants Filing Extensions for Tax-Exempt Bond Issuers Affected by Hurricane Sandy
The Internal Revenue Service (IRS) has announced that government entity issuers of tax-exempt bonds affected by Hurricane Sandy may qualify for additional time to file Form 8038 or Form 8038-T returns.
Texas Releases Draft 2013 Multifamily Uniform Application & Workshops Schedule
The Texas Department of Housing and Community Affairs (TDHCA) has a released a draft version of its 2013 Multifamily Uniform application on its website. The Multifamily Uniform application will be used for the following multifamily housing programs: Housing Tax Credits, Tax Exempt Bonds, HOME Investment Partnership Program, and the Neighborhood Stabilization Program.
Arizona to Host LIHTC Application Workshop
The Arizona Department of Housing will be holding the 2013 LIHTC application workshop on January 23, 2013 from 9:00am to 2:00pm. All developers, or designated members from the development team, who plan to apply in the 2013 round must attend this training.
South Carolina Approves Final 2013 QAP
The South Carolina State Housing Finance & Development Authority has published its final 2013 Qualified Allocation Plan (QAP) and Tax Credit Manual for the allocation of its federal Low-Income Housing Tax Credits (LIHTCs).
North Dakota Releases Draft 2013 QAP
The North Dakota Housing Finance Agency (NDHFA) has released a draft version of its 2013 Qualified Allocation Plan (QAP). The draft contains several proposed revisions
Georgia Releases Draft 2013 QAP
The Georgia Department of Community Affairs (DCA) Office of Affordable Housing (OAH) has released a draft version of its 2013 Qualified Allocation Plan (QAP), as well as draft appendices for its threshold criteria and competitive scoring criteria.
Arizona Releases Final 2013 QAP
The Arizona Department of Housing (ADOH) has published its final 2013 Qualified Allocation Plan (QAP) for the allocation of federal Low Income Housing Tax Credits (LIHTCs).
New York State HCR Extends Deadline for Unified Funding Applications
Due to Hurricane Sandy, New York State’s Home & Community Renewal (HCR) has announced that it will extend its deadline for Unified Funding applications from November 29, 2012 to January 8, 2013.
NYU Study Sheds Light on Tenant Incomes in LIHTC Properties
The Furman Center for Real Estate and Urban Policy at New York University (NYU), has released the preliminary results of its analysis of the incomes, rent burdens, and economic diversity of tenants residing in LIHTC developments.
IRS Suspends Certain LIHTC Requirements for Areas Affected by Hurricane Sandy
Due to the widespread devastation caused by Hurricane Sandy, the President has declared that major disasters exist in Connecticut, New York and New Jersey. In a press release on November 5, the Internal Revenue Service (IRS) announced that the agency will waive certain low-income housing tax credit (LIHTC) rules in order to allow owners of low-income housing to provide temporary shelter to victims of Hurricane Sandy who do not qualify as low-income.
UPDATE: Ohio to Host Housing Funding Training
UPDATE: Due to the recent inclement weather, OHFA cancelled the two training sessions originally scheduled for October 30, 2012.
California Releases Proposed 2013 Tax Credit Program Regulation Changes
In an October 24 memo, the California Tax Credit Allocation Committee (CTCAC) announced a complete listing of its proposed regulation changes and program schedule for 2013.