Texas

The Multifamily Finance Division of the Texas Department of Housing and Community Affairs (“TDHCA”) will hold the first planning meeting for the 2019 Qualified Allocation Plan (“QAP”) and Uniform Multifamily Rules on December 14, 2017.

The rules with modifications from the Governor in blackline is available. Read on for a brief summary of the modifications.

If a 2018 Multifamily Program applicant is intending to participate in the Section 811 PRA Program through using an Existing Development in their portfolio, the Existing Development they select should be reflected on this list.

The Texas Department of Housing and Community Affairs’ (“TDHCA”) has published Drafts of the following 2018 Rules for Public Comment: 10 TAC Chapter 10, Subchapter D, concerning Underwriting and Loan Policy (Comments due 11/27/17); 10 TAC Chapter 10, Subchapter E, relating to Post Award and Asset Management Requirements Policy (Comments due 11/27/17); 10 TAC Chapter […]

The Texas Department of Housing and Community Affairs (“TDHCA”) has posted the revised Awards and Waiting List for the 2017 Competitive (9%) Housing Tax Credit (“HTC”) Cycle to its website.

Applicants are not required to participate in the PAB Lottery, as applications can still be submitted to the Bond Review Board throughout the 2018 program year and reservations will be issued as volume cap is available.

The initial Construction Status Reports for 2016 9% HTC awards will still be due on Thursday, Sept. 28, 2017; however, Asset Management has decided to move the second quarterly Construction Status Report deadline from Tuesday, Oct. 10, 2017, to Wednesday, Jan. 10, 2018, (ONLY for 2016 9% HTC awards submitting their initial reports on Sept. 28, 2017) in order to give additional time between initial and second submissions of Construction Status Reports.

Continue reading for a summary of changes.

TDHCA, with Governing Board approval, has transferred roughly $9.08 million from the HOME general set-aside 2017-1 Multifamily Direct Loan NOFA over to the HOME Disaster Reservation Fund.

Housing Tax Credit (“HTC”) properties that have received approval to provide emergency housing may lease units to displaced individuals from any of these 29 counties.

The registration deadline is September 6, 2017.

IRS Revenue Procedure 2014-49 allows for state agencies to grant extensions to placed in service deadlines as a form of relief under carryover allocation provisions in §42(h)(1)(E) on an individual project basis because of an event or series of events that led to a major disaster declaration.