LIHTC

The Washington State Housing Finance Commission (WSHFC) has announced that the state’s Credit per Unit limit has changed due to recent changes to the per capita rate used to calculate state credit ceilings. The revised rate leads to the changes to WSHFC’s LIHTC Program Limits.

The California Tax Credit Allocation Committee (CTCAC) released a memo that announced updates have been made to the California Utility Allowance Calculator (CUAC), has answered some frequently asked questions regarding using the calculator for newly constructed tax credit developments and has updated submission requirements.

A new report entitled “The Effect on Program Participation of Replacing Current Low-Income Housing Programs with an Entitlement Housing Voucher Program” was released last week that estimates the effects of alternative reforms of the current system of low-income housing assistance on the number of people of various types who would receive assistance.

California’s Tax Credit Allocation Committee (TCAC) has released its proposed 2011/2012 Tax Credit Program Schedule & Deadlines. Public hearings for proposed regulation changes will be held in December 2011.

The Alaska Housing Finance Corporation (AHFC) recently announced the formation of a subsidiary, the Corporation for Affordable Housing (CAH), which was created in order to provide additional development of public housing in the state of Alaska.

Arizona’s Department of Housing has scheduled a public hearing on November 16 to gather additional comments on the 2012 Qualified Allocation Plan.

The Arkansas Development Finance Authority (ADFA) has published the Final 2012 Housing Credit Program Qualified Allocation Plan (QAP).

The Georgia Department of Community Affairs (DCA) Office of Affordable Housing (OAH) has released the proposed 2012 Qualified Allocation Plan (QAP).

The Ohio Housing Finance Agency (OHFA) has released a reminder about carryover allocations for projects that received an award of housing credits in 2010.

Virginia Housing Development Authority (VHDA) Executive Director Jim Chandler recently issued a 2012 QAP Letter that provides an update on certain aspects of the 2012 Low-Income Housing Tax Credit procedures, including a summary of major changes to the 2012 Qualified Allocation Plan (QAP).

HUD’s Office of Policy Development & Research has released a new Guide for HUD USER Data Sets. The guide is intended to serve as a helpful reference tool for the data sets available from the HUD USER Clearinghouse, and on the HUD USER website.

HUD’s Office of Policy Development & Research has released a new Best Practices case study for a senior apartments project in Salinas, CA.