LIHTC

In order to avoid the loss of approximately $1.03 million of returned GO Zone Credits at the end of calendar year 2011, the Louisiana Housing Finance Agency (LHFA) Board of Commissioners approved the following strategies to allocate GO Zone Credits.

On July 18, U.S. Sen. Tom Coburn (R-Okla.) unveiled a massive deficit reduction plan that calls for slashing federal spending, including for housing programs, and eliminating tax credit programs that promote affordable housing and community development, historic preservation, and renewable energy production.

In response to a recent White House discussion meeting which called for bold action to tackle the nation’s ongoing housing troubles, Rep. Kathy Castor (D-FL) has sent a letter to President Obama proposing a number of recommendations that would significantly impact the development of affordable rental housing.

The Wisconsin Housing & Economic Development Authority has issued a memorandum for multifamily housing developers intending to apply for the 2012 round of low-income housing tax credits that provides some clarification on three specific aspects of the 2012 competitive funding round.

The Ohio Housing Finance Agency is has scheduled 2012 Housing Funding Training for September 19 in Columbus.

The Internal Revenue Service (IRS) has issued Notice 2011-65, which provides relief to Alabama from certain low-income housing credit requirements.

The Virginia Housing Development Authority has released a draft of its 2012 QAP, as well as the 2012 low-income housing tax credit program schedule and focus group announcement.

The Washington State Housing Finance Commission (WSHFC) recently released its second draft of proposed changes to the 2012 low-income housing tax credit program policies.

MaineHousing has released a proposed draft copy of its 2012 Qualified Allocation Plan (QAP).

The final version of the 2012-2013 Qualified Allocation Plan (QAP) has been released by the Indiana Housing & Community Development Authority (IHCDA).

The Tennessee Housing Development Council has released a list of preliminary changes proposed for the 2012 qualified allocation plan.

The Wisconsin Housing and Economic Development Authority (WHEDA) created a special round of 2011 LIHTC allocations specifically designated for developing affordable housing in Marinette, Wis.