LIHTC
California Schedules Forums on Cost Containment
The California Tax Credit Allocation Committee (TCAC) will be holding forums throughout the state to discuss the issue of cost containment associated with developing affordable housing.
IRS Requests Comments on Form 8823
The Internal Revenue Service (IRS) is requesting comments on Form 8823, Low-Income Housing Credit Agencies Report of Noncompliance or Building Disposition.
Nebraska Launches National Affordable Housing Equality Initiative
Nebraska Investment Finance Authority (NIFA) is spearheading the National Affordable Housing Equality Initiative (NAHE) to raise awareness about the problems caused by outdated restrictions in the Low Income Housing Tax Credit program.
Louisiana Releases 2012 LIHTC Application FAQs
Louisiana Housing Finance Agency has released frequently asked questions with regards to its 2012 online LIHTC application process.
Maryland Issues Multifamily Housing Notice
Maryland’s Department of Housing & Community Development (DHCD) recently issued Multifamily Housing Notice 11-06 which makes several announcements and reminders for multifamily developers.
California Issues Tiebreaker Guidance for Round 2 Applicants
California’s Tax Credit Allocation Committee (TCAC) has issued a memorandum that provides guidance for second round applicants regarding final tiebreaker scoring.
Pennsylvania Seeks Comments on 2012 QAP
In anticipation of issuing the draft 2012 Low Income Housing Tax Credit Allocation Plan, the Pennsylvania Housing Finance Agency is seeking input from its housing partners on the proposed plan.
Nevada Requires Use of Novoco’s Income & Rent Calculator
The Nevada Housing Division now requires all LIHTC properties (including TCAP / 1602) to refer to the NOVOCO web site and utilize their income and rent calculator.
California Releases Guidance for Round 2 Applicants
The California Tax Credit Allocation Committee recently released new guidance for first round applicants who are re-applying in the second round for 2011 low-income housing tax credits, as well as additional guidance for all second round applicants.
Louisiana Publishes FAQs on 2011-12 Funding Round
The Louisiana Housing Finance Agency has published seven “Frequently Asked Questions” regarding the 2011-2012 per capita tax credits funding round.
WHEDA Announces Special LIHTC Round
Wisconsin Housing and Economic Development Authority (WHEDA) Executive Director Wyman Winston has announced that WHEDA will be holding a special round of competitive Low Income Housing Tax Credits (LIHTC) to help address immediate housing needs in the City of Marinette.
Montana Announces Second LIHTC Round Schedule
The Montana Board of Housing has announced a second 2011 LIHTC round with $118,913 in available credits.