LIHTC

Reznick Group’s Tax Credit Investment Services (TCIS) team has released the first in a series of periodic reports addressing the performance of properties financed with low-income housing tax credits. Given the scrutiny of all federal income tax expenditures and the recent market fluctuations, this is an appropriate time to examine whether these properties are meeting their financial obligations and the needs of the markets they serve.

The Kansas Housing Resources Corporation (KHRC) has released the draft 2012 Qualified Allocation Plan (QAP) and a summary of proposed changes to the plan.

Responding to this need for better coordinated Federal rental policy, the White House’s Domestic Policy Council established the interagency Rental Policy Working Group in 2010.

Missouri’s state legislature recently advanced a bill that modifies provisions of existing tax credit programs in a manner consistent with the recommendations of the Tax Credit Review Commission and establishes new tax incentive programs.

The Colorado Housing and Finance Authority (CHFA) will hold two public hearings regarding the Low Income Housing Tax Credit Draft 2012 Qualified Allocation Plan (QAP) where participants will be able to provide input on and discuss proposed changes to the document.

The Colorado Housing Finance Authority (CHFA) Tax Credit Committee recently completed Round Two of its 2011 LIHTC competitive allocation process.

The US Department of Housing and Urban Development has released the 2011 2nd Quarter Housing Market Conditions Report.

The New Mexico Mortgage Finance Authority (MFA), has released its 2012 draft Qualified Allocation Plan (QAP) for public comment.

The Pennsylvania Housing Finance Agency (PHFA) announced an information session for the 2012 PennHOMES and Low-Income Housing Tax Credit (LIHTC) Funding Round on Thursday, September 15, 2011 at the Crown Plaza Harrisonburg Hotel.

California Tax Credit Allocation Committee (TCAC) announced a proposed readjustment of its geographic regional apportionments for federal and state low-income housing tax credits (LIHTCs). The geographic boundaries used for appropriations were last updated in 2004 but the updated methodology proposes using new 2010 Census data for calculating apportionments and the addition of an 11th region: the City of Los Angeles.

The Ohio Housing Finance Agency (OHFA) released the Final 2012 Qualified Allocation Plan (QAP), approved by the OHFA Board on August 17, 2011.

On Thursday, August 25, the Texas Department of Housing and Community Affairs (TDHCA) released the 2012 real estate analysis rules for public comment.