LIHTC

The Virginia Housing Development Authority (VHDA) has announced that effective January 1, 2012, only VHDA-approved market analysts will be authorized to complete market studies for Low-Income Housing Tax Credit (LIHTC) projects.

The Georgia Department of Community Affairs (DCA) has announced the 2012 Qualified Allocation Plan Application Workshop will take place Tuesday, February 28, 2012 from 9:00 am to 4:00 pm at the Cobb Galleria Centre in Atlanta, GA.

The California Tax Credit Allocation Committee (CTCAC) has released the proposed changes to the state’s Qualified Allocation Plan (QAP) for Low-Income Housing Tax Credits (LIHTC) and has announced the schedule for four public hearings regarding those revisions.

The Wisconsin Housing Economic & Development Authority (WHEDA) recently released a multifamily program notice regarding the 2012 LIHTC program cycle and emerging business/workforce development program.

The Texas Department of Housing and Community Affairs (TDHCA) has announced the 2012 Multifamily Application Workshop schedule for those wishing to apply for Low-Income House Tax Credits (LIHTC).

Kentucky Housing Corporation (KHC) announced that it will host a Multifamily Developers’ Forum/Public Hearing on the 2013 Qualified Allocation Plan (QAP) on Monday, December 5, 2011 at the Frankfort Public Library. KHC will post a draft of the 2013 QAP on the Multifamily Finance Department Web page prior to Wednesday November 23, 2011.

The Ohio Housing Finance Agency has released a series of Frequently Asked Questions (FAQs) regarding the 2012 Qualified Allocation Plan (QAP).

The Internal Revenue Service (IRS) published Revenue Service 2011-57 which dictates the amounts of unused housing credit carryover allowances allocated to qualified states. Nearly $3.66 million of unused credits were divided among the states in the National Pool.

NH&RA is pleased to present the PowerPoint presentations from the recent 2011 Fall Developers Forum (November 14-15) in Boston, Mass.

The Iowa Finance Authority (IFA) recently released the state’s proposed 2012 Qualified Allocation Plan (QAP) and an overview of significant changes to the plan.

The Tennessee Housing Development Agency (THDA) has released the State of Tennessee proposed 2012 Qualified Allocation Plan (QAP). THDA clarifies that the amount of tax credits available for allocation under the 2012 QAP is limited to those that were not previously made available in the 2011 allocation round as forward commitments.

The House Financial Services Subcommittee on Insurance, Housing and Community Opportunity met November 2, 2011 to discuss the Obama Administration’s proposed demonstration program, Rental Assistance Demonstration (RAD). The RAD proposal evolved out of the Obama Administration’s Transformation of Rental Assistance proposal and would help preserve public housing and projects subsidized by the HUD “orphan” programs (RAP, Rent Supp and Section 8 Moderate Rehab) by allowing Public Housing Authorities (PHAs) and owners to apply to convert to long term project-based rental assistance (either project-based section 8 vouchers or MAHRA type-project-based rental assistance).