New Mexico

MFA announced that registration is now open for the 2016 state of New Mexico Qualified Allocation Plan training.

The Internal Revenue Service divided $2.59 million in unused Low Income Housing Tax Credits from calendar year 2015 among 30 states.

The New Mexico Mortgage Finance Authority (MFA) announced that the 2016 Draft Low Income Housing Tax Credit Qualified Allocation Plan (Draft QAP) and 2016 Draft Mandatory Design Standards for Multifamily Rental Housing (Draft Design Standards) are available for review and download from the MFA website.

On November 5, 2014, HUD’s Office of Multifamily Housing and the Office of Field Policy and Management hosted an official kick-off event to celebrate the new Multifamily Southwest Region.

NMMFA scheduled 2015 QAP and Application Training for November 12 in Albuquerque.  The registration deadline is November 5.

The Internal Revenue Service (IRS) published that $2.59 million of unused LIHTCs carryovers for calendar year 2014 will be allocated to 35 qualified states and Puerto Rico.

MFA is accepting comments for the 2015 Draft New Mexico QAP until September 22, 2014. Comments may be mailed to MFA’s office or to Dan Foster at [email protected].

Governor Martin O’Malley announced that Raymond A. Skinner, who has served as Secretary of DHCD since 2007, is retiring at the end of the month and that he will appoint Clarence J. Snuggs, the current Deputy Secretary of DHCD, as acting secretary effective September 1, 2014

MFA is accepting comments for the 2015 Draft New Mexico QAP until September 22, 2014. Comments may be mailed to MFA’s office or to Dan Foster at [email protected]. MFA will host a public hearing for the QAP on September 3, 2014.

The Internal Revenue Service (IRS) announced in Revenue Procedure 2013-35 that it has set the inflation-adjusted State credit ceiling for the Low-Income Housing Tax Credit (LIHTC) program and private activity bond caps for calendar year 2014.

Registration is now open for the 2014 State of New Mexico Qualified Allocation Plan (QAP) training. Attendance for this workshop is mandatory for all applicants. Topics covered will include application standards and scoring, common application errors and changes to the QAP.

The Internal Revenue Service (IRS) recently published Revenue Procedure 2013-31, which details the amounts of unused Low-Income Housing Tax Credit (LIHTC) carryovers allocated for calendar year 2013.