The Louisiana Housing Finance Agency (LHFA) will hold a public meeting on September 23 in Baton Rouge to receive comments on the agency’s proposed amendment to the State’s 2007/08 GO Zone Qualified Allocation Plan. The amendment will allow projects with a 2009 or 2010 allocation of returned GO Zone Credits that are concerned about a possible adverse Treasury ruling requiring all buildings with GO Zone Credits to be placed in service by December 31, 2010 to be reprocessed with a reduced number of buildings.

The hearing will also cover:

  • The U.S. Treasury Department’s 1602 Exchange Program for projects with 2007 and 2008 per capita credits and the possible expansion of the 1602 Exchange Program to returned GO Zone Credits;
  • The status of projects that are currently in need of additional funds; and
  • The status of projects that are not in compliance with their project schedules and projected place-in-service dates.

    Read More…