Texas
Texas Income Determination Training – Oct. 13
TDHCA and the Texas Apartment Association to present a live online presentation of the Income Determination Training.
Texas Hosts 2022 QAP Roundtable Sept. 20; Draft 2022 QAP Comments Due Oct. 8
TDHCA to host in-person roundtable to discuss the Supplemental Allocation process as reflected in the Draft 2022 QAP.
Texas Amends Multifamily Direct Loan NOFAS
The Texas Department of Housing and Community Affairs (TDHCA) posted first amendment to the 2021-3 Multifamily Direct Loan annual Notice of Funding Availability (NOFA) and a third amendment to the 2021-1 Multifamily Direct Loan NOFA.
Texas Board Meeting – Sept. 2
The Governing Board of the Texas Department of Housing and Community Affairs (TDHCA) will meet at 9 a.m. CT time on September 2.
Texas Hosts Multifamily Direct Loan Training – Aug. 31
The Texas Department of Housing and Community Affairs (TDHCA) and the Texas Apartment Association (TAA) will host a training on multifamily direct loans from 9 a.m. to 4 p.m. CT on August 31.
Dallas-Area LIHTC Project Awarded to FTK Construction Services
FTK Construction Services, LLC, (FTK) announced the contract award for Brandywine Apartments, located in Richardson, TX. The contract for this LIHTC rehabilitation award is $4,267,543.
Texas Updates Nine Percent Award Limits, Regional Allocations & Eligible Applications
The Texas Department of Housing and Community Affairs (TDHCA) posted a revised summary of the 2021 Competitive nine percent LIHTC Award Limits and Estimated Regional Allocation, as well as a list of Applications that are eligible for an award of tax credits for the 2021 program year.
Texas Posts List of Properties Nearing End of Affordability
The Texas Department of Housing and Community Affairs (TDHCA) posted an interactive map and list of properties that may be nearing the end of their affordability period and may benefit from preservation activities. The list includes any federally subsidized multifamily housing development at risk because the contract granting a federal subsidy with a stipulation to maintain affordability is nearing expiration, or because the government-insured mortgage on the property is eligible for prepayment or near the end of its mortgage term. The current list reflects those properties that have an affordability period ending between March 2021 and December 2023.
Texas Posts Fall 2021 Training Schedule
The Texas Department of Housing and Community Affairs (TDHCA) and the Texas Apartment Association (TAA) have released the online training schedule for Fall 2021.
Texas Posts 2021 Nine Percent Applicant List; NOFAs Account for Increased Construction Costs
The Texas Department of Housing and Community Affairs (TDHCA) posted a list of 2021 nine percent LIHTC Applications that are eligible for an award of tax credits for the 2021 program year. Developers with an appealable interest as a result of changes to the Application List posted on the TDHCA website, should submit a written appeal to the Department by close of business on June 30, 2021, to allow the matter to be considered by the executive director and potentially presented to the Governing Board at the meeting scheduled for July 8, 2021.
Texas Bill to Encourage LIHTC Developments Near Veterans Hospitals Goes to Governor
Texas legislation that would change the scoring system for allocating LIHTCs to encourage the development of affordable housing near veteran’s hospitals passed both houses of the Legislature and is on the desk of Governor Greg Abbott (R).
Texas Board of Directors Meeting – June 17
The Governing Board of the Texas Department of Housing and Community Affairs (TDHCA) will meet Online at 9 a.m. CT on June 17, 2021. Register here. The agenda and meeting materials are available here.