Texas
IRS Sets State Credit Ceilings for 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.
NOFA: Texas HOME Funds
The Texas Department of Housing and Community Affairs announces the availability of up to $21,692,495 in funding from the HOME Investment Partnerships Program for the development of affordable multifamily rental housing for low-income Texans.
IRS Announces 2013 Carryover Allocations Totaling $2.46 Million
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.
Texas 2014 QAP: Preliminary QAP, Public Comments, & Roundtable
The Texas Department of Housing and Community Affairs (TDHCA) has released the preliminary staff drafts of 2014 Qualified Allocation Plan (QAP) and key subchapters of the Uniform Multifamily Rules related to the QAP requirements. Additionally, an online forum with the discussion threads for each of the various parts of the rules is available online and TDHCA staff encourages potential members and the public to make comments on the preliminary QAP.
Texas Legislature Approves State Historic Tax Credit, Bill Sent to Governor
The Texas Legislature this week approved H.B. 500, a measure which would create a tax credit for certified rehabilitation of certified historic structures.
Texas Announces Public Hearing Dates for Public Comment on the 2013 LIHTC Application
The Texas Department of Housing and Community Affairs (TDHCA) recently released the schedule for six public hearings to gather public comment on the 2013 Competitive Housing Tax Credit Applications.
TDHCA posts Multifamily Finance Division Update and FAQs Update
The Texas Department of Housing and Community Affairs (TDHCA) has posted an update for the Multifamily Housing Division to its website.
Texas Releases Updated Multifamily Program Materials
The Texas Department of Housing and Community Affairs (TDHCA) has posted final versions of the 2013 Housing Tax Credit Program Qualified Allocation Plan (QAP) and 2013 Uniform Multifamily Rules, as approved by the Governor and the Texas Register. TDHCA has also posted a list of frequently asked questions on its website related to the competitive (9%) housing tax credit program.
Texas Announces Multifamily Program Updates
The Texas Department of Housing & Community Affairs has released several updates for its multifamily housing programs.
Texas Releases Final 2013 QAP & Uniform Multifamily Rules
The Texas Department of Housing & Community Affairs has released its final version of its 2013 Qualified Allocation Plan (QAP) and Uniform Multifamily Rules as approved by the Governor.
IRS Sets State Tax Credit Ceilings for 2013
The Internal Revenue Service (IRS) announced in Revenue Procedure 2012-41 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 2013.
IRS Publishes Unused Housing Credit Carryover Amounts
The Internal Revenue Service (IRS) recently published Revenue Procedure 2012-42, which indicates the amounts of unused Low-Income Housing Tax Credit (LIHTC) carryovers for 2012. These carryovers, which amounts to nearly $2.43 million in unused credits, have been allocated to 34 states.