The Maryland Department of Housing and Community Development (DHCD) recently released its proposed CY 2013 Qualified Allocation Plan (QAP) and Multifamily Rental Financing Program Guide drafts for public comment and review. The CY 2013 funding round will award 2014 federal Low-Income Housing Tax Credits (LIHTCs) and FY 2014 Rental Housing Funds (RHF). The proposed documents make significant changes to the CY 2011 QAP and Guide currently in effect.
One major change within the proposed 2013 QAP is the establishment of a pre-application review process that applicants must satisfy in order to move forward and submit an application in the competition for LIHTCs and RHFs. DHCD estimates that the initial deadline for submission of pre-applications will be in early July 2013 and that the pre-application process will take approximately 45 calendar days to complete. The deadline for full applications would be in September 2013, approximately 30 days after release of the results of the pre-application review. DHCD would then anticipate making award announcements in January 2014, approximately 100 calendar days after full application submission.
Written comments on the proposed documents will be accepted until close of business (5:00 PM) March 15, 2013. Comments should be sent electronically to TDA at mdqap@tdainc.org. DHCD will hold a public meeting to discuss the proposed QAP and Guide on February 26, 2013 from 10 am — 12 pm in DHCD’s Main Conference Room B, 1st floor, 100 Community Place, Crownsville, Maryland 21032.
Click here to read the draft 2013 QAP.
Click here to read the draft 2013 Multifamily Rental Financing Program Guide.
