LIHTC
Pennsylvania Extends LIHTC First Cycle Application Deadline
The Pennsylvania Housing Finance Agency has extended application deadline for the first cycle of Low Income Housing Tax Credit allocations through Wednesday, November 7, 2012 at 3:00pm.
North Carolina Releases Second Draft of 2013 QAP
The North Carolina Housing Finance Agency has released a second draft of its 2013 Qualified Allocation Plan. The draft includes several changes from the first draft of the QAP.
Mississippi Announces Proposed Changes for 2013 QAP
The Mississippi Home Corporation (MHC) released an executive summary of proposed changes for its 2013 Qualified Allocation Plan following an October 25 public hearing.
Kentucky Housing Announces Staff Change in Multifamily Finance Department
The Kentucky Housing Corporation has announced that Andrew Hawes, director of Multifamily Finance, has left KHC to pursue opportunities in development. Hawes was a member of the KHC team for fifteen years.
South Carolina Releases Draft 2013 QAP for Public Comment
The South Carolina State Housing Finance and Development Authority will be holding a public hearing to collect comments on its proposed 2013 Qualified Allocation Plan (QAP) and 2013 Tax Credit Manual. The public hearing has been scheduled for November 1, 2012 from 10:00am-12:00pm.
California Announces Proposed Tax Credit Program Updates for 2013
The California Tax Credit Allocation Committee has scheduled its first committee meeting of 2013 for January 16, 2013. In preparation for proposed regulation changes for 2013, CTCAC has also released an updated geographic apportionment methodology that has been proposed to update the current Regulation Section 10315(i).
IRS Sets State Tax Credit Ceilings for 2013
The Internal Revenue Service (IRS) announced in Revenue Procedure 2012-41 that it has set the inflation-adjusted State credit ceiling for the Low-Income Housing Tax Credit (LIHTC) program and private activity bond caps for calendar year 2013.
IRS Publishes Unused Housing Credit Carryover Amounts
The Internal Revenue Service (IRS) recently published Revenue Procedure 2012-42, which indicates the amounts of unused Low-Income Housing Tax Credit (LIHTC) carryovers for 2012. These carryovers, which amounts to nearly $2.43 million in unused credits, have been allocated to 34 states.
Texas Accepting Public Comments on Regional Allocation Formula & Multifamily Plans and Rules
The Texas Department of Housing and Community Affairs (TDHCA) has opened the public comment period for its proposed 2013 HOME, Housing Tax Credit and Housing Trust Fund Regional Allocation Formula (RAF) Methodology. TDHCA will also continue to accept public comments on several of its multifamily plans and rules through October 22, 2012.
Virginia Approves 2013 QAP and Announces Tax Credit Program Schedule
On October 3, 2012, the Virginia Housing Development Authority Board of Commissioners approved revisions to the 2013 Qualified Allocation Plan. The revisions were proposed by VHDA and left open for public comment through September 24, 2012. All of the proposed major changes were approved. The changes have been sent to the Governor for final approval.
UPDATE: Arizona Releases 2013 QAP Draft
The Arizona Department of Housing has issued a first draft of its 2013 Qualified Allocation Plan (QAP). Major changes to the QAP include
New Mexico to Host Mandatory 2013 QAP and Application Training
The New Mexico Housing Mortgage Finance Authority will be hosting a mandatory 2013 QAP and Application Training for all prospective applicants for the 2013 Low Income Housing Tax Credit program.