LIHTC
WHEDA Issues Guidance on Gap Financing
The Wisconsin Housing and Economic Development Authority has released memo that states it cannot guarantee gap funding for 2010 competitive low-income housing tax credit projects.
Colorado HFA Names New Director of Commercial Lending
Colorado Housing and Finance Authority (CHFA) has promoted Steve Johnson to director of commercial lending. In his new role, Steve will lead CHFA’s multifamily lending, Low Income Housing Tax Credit (LIHTC) allocation, and small business lending teams.
IRS Solicits Public Comment on Final LIHTC Regulations
The Internal Revenue Service (IRS) has invited comments from the public on existing regulations concerning the Low-Income Housing Tax Credit (LIHTC) program.
Texas Schedules QAP Roundtable
The Texas Department of Housing and Community Affairs will host a roundtable discussion on Thursday, July 15, 2010 from 1:00 to 5:00 pm to solicit public comment on the 2011 Qualified Allocation Plan.
Nebraska Agency Spearheads 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spearheading the National Affordable Housing Equality Initiative (NAHE) to raise awareness about the problems caused by outdated restrictions in the Low Income Housing Tax Credit program.
Montana Releases Final 2011 QAP
Montana’s Board of Housing recently released its final 2011 Qualified Allocation Plan (QAP).
Massachusetts Releases Amended 2010 QAP
The Massachusetts Department of Housing & Community Development has released its draft amended 2010 Qualified Allocation Plan (QAP).
California Releases Estimated Credit Totals Available in 2010
The California Tax Credit Allocation Committee has released estimated totals and set-asides of tax credit funding available in 2010 through the state’s competitive allocation process.
New Jersey Seeks To Readopt LIHTC Procedures
The New Jersey Housing and Mortgage Finance Agency is proposing to readopt its rules without amendments.
MSHDA Executive Director To Retire
The Michigan State Housing Development Authority (MSHDA) executive director, Keith Molin, has announced that he will step away from the day-to-day responsibilities of managing the agency to facilitate the transition to a new director this fall.
LISC, Enterprise Release Report on LIHTCs in New York City
The Local Initiatives Support Corporation (LISC) and Enterprise Community Partners recently released a new report that assesses the effects of LIHTC projects throughout New York City on property values to reflect the market’s assessment of neighborhood quality.
Virginia Agency Schedules Public Forum on 2011 QAP Changes
The Virginia Housing Development Authority recently announced a public forum to discuss changes to the 2011 QAP, scheduled for Wednesday, July 14, at 1:30 p.m.