The Virginia Housing Development Authority will hold its LIHTC 2012 QAP Forum on June 23 in Richmond. Topics scheduled to be discussed at the forum include:
• Implementing a correction period following the application deadline
• Providing a list of developers pre-qualified for experience points
• New construction points — remove urban development area or affordable dwelling unit requirements
• Proximity to transportation — remove point category or revise documentation requirements
• Subsidized funding — clarify that funding is for development costs only (no construction loans or delayed payments)
• 504 points — the current 15 point category is no longer appropriate — remove this category. Revise the point categories to 30 points for project-based federal subsides and 15 points for vouchers
• Provide an approved market analyst list
• Revised various amenity point categories
• Add a new construction pool
• Revise the local housing authority pool
• Revise the geographic pool amounts
• Additional issue
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