LIHTC
Virginia Schedules QAP Forum
The Virginia Housing Development Authority will hold its LIHTC 2012 QAP Forum on June 23 in Richmond.
Senators Introduce LIHTC Legislation for Disaster Areas
On June 15 Senators Richard Shelby (R-Ala.) has introduced legislation to provide relief to states that suffered damage by the series of tornadoes and flooding that have struck the south east.
IRS Issues Notice to allow LIHTC Properties in Missouri to Rent Vacant Units to People Displaced by Recent Flooding
The IRS has issued an administrative notice (Notice 2011-47) that suspends certain requirements under section 42 of the Internal Revenue Code for certain low-income housing credit properties in the United States as a result of the devastation caused by severe storms, tornadoes, and flooding in Missouri beginning on April 19, 2011.
Chicago Conference Registration Open; Call For Speakers
We are pleased to announce that online registration and hotel reservations are now open for the National Council of Affordable Housing Market Analysts Affordable Housing Underwriting Conference & Annual Meeting.
Proposed Bill Would Expand Options for Military Housing
U.S. Representative Bill Owens (D-NY) has introduced a new bill (H.R. 2097) that would allow military service members to exclude basic allowance for housing (BAH) from their income when applying for low-income housing tax credit (LIHTC) housing.
Ohio Considers Changes to LIHTC Underwriting Standards
The Ohio Housing Finance Agency (OHFA) has announced that more time is needed to consider proposed changes to the QAP’s underwriting standards, as well as other proposed changes.
California Publishes Operating Cost Minimums & Methodology for 2012
The California Tax Credit Allocation Committee (TCAC) maintains an operating cost database to help derive operating cost averages for its portfolio of low-income housing tax credit projects.
New York Names HCR Commissioner
New York Governor Andrew M. Cuomo last week hosted a reception and swearing in ceremony for Darryl C. Towns, Commissioner/CEO of New York State Homes and Community Renewal (HCR).
Louisiana Publishes Final 2011-12 QAP
The Louisiana Housing Finance Agency (LHFA) has released final versions (clean and redlined) of its 2011-2012 Qualified Allocation Plan for administering the low-income housing tax credit program.
Orchestrating Opportunities: Developer Larry Curtis Creates Housing Through Diverse Deals
Larry Curtis, the mustachioed president and managing partner of WinnDevelopment, likens the role of a developer to a musical conductor. “What I like about being a developer is you get to invent deals. You’re the orchestra leader that doesn’t necessarily know how to play all the instruments…”
HUD Releases FY 2011 Income Limits
The U.S. Department of Housing and Urban Development has released the new area median income limits for Fiscal Year 2011.
Washington Releases Proposed Changes to 2012 Tax Credit Program Policies
The Washington State Housing Finance Commission recently released a draft of its proposed changes to the 2012 tax credit program policies.