LIHTC

The Illinois Housing Development Authority (IHDA) is offering two complimentary workshops focusing on IHDA’s proposed 2011 Qualified Allocation Plan (QAP) and the Low Income Housing Tax Credit application process.

The Delaware State Housing Authority recently launched an online question-and-answer forum that allows users to post questions and feedback for DSHA development staff about the 2011 Low Income Housing Tax Credit program and Qualified Allocation Plan (QAP).

The Affordable Housing Tax Credit Coalition (AHTCC) is accepting entries for the 17th Annual Charles L. Edson Tax Credit Excellence Awards program.

The Montana Board of Housing has scheduled a QAP information input and update session for May 10-11, 2011 in Livingston.

Kentucky Housing Corporation (KHC) has developed an underwriting model review checklist to assist developers with completing the underwriting model and to minimize errors.

On January 25, Senator Mary Landrieu (D-La.) introduced a bill (S. 30) to extend by one year the placed-in-service date for low-income housing tax credit rules applicable to Gulf Opportunity (GO) Zone properties.

The Arizona Department of Housing recently released its final utility allowance guidelines for low-income housing tax credit (LIHTC) properties.

New York Gov. Andrew Cuomo recently revealed his 2011-2012 Executive Budget proposal that includes approximately $308 million for the Division of Housing and Community Renewal, a figure that represents a nearly $157 million reduction from last year’s budget.

The Ohio Housing Finance Agency has announced that it will host a roundtable discussion with a selection of housing partners that will explore goals and priorities for the agency’s 2012 low-income housing tax credit program.

The Virginia Housing Development Authority has issued a reservation application update for 2011 LIHTCs. The update addresses the locality notification information summary, an additional EarthCraft Multifamily Training Session (February 25), Universal Design training (February 17), and several minor corrections to the 2011 application.

The U.S. Department of Housing and Urban Development has commissioned a study to assess the LIHTC program after 15 years to determine whether projects that reach the 15-year mark are remaining affordable, what types of properties are or are not remaining affordable, as well as major factors that contribute to these outcomes.

The Arkansas Development Finance Authority has extended its 2011 low-income housing tax credit program application deadline by one month until March 4, 2011.