The Texas Department of Housing and Community Affairs (TDHCA) released the first draft of its 2012 QAP as well as a draft of the 2012 Definitions and Amenities for Housing Program Activities. Significant changes include:
- Application extension requests must now be received 30 days prior to the application deadline
- If two or more practical and feasible applications receive the same number of points, TDHCA will now determine a tie breaker based on the lowest number of units subject to a LURA by the Department, within three linear miles of the boundary of the proposed project
- The Administrative Deficiency process will now allow applications to receive requested points based on TDHCA staff recommendation provided the information submitted in response to the Administrative Deficiency is received within 5 days of request of the missing information
- Applicants are no longer required to submit an Experience Certification but someone with a controlling interest in the project must be able to demonstrate they have significant recent experience in housing tax credit development activities in Texas
- Applicants are eligible to receive a 30% increase in Eligible Basis if the project qualifies for and receives Historic Tax Credits and the application reflects that the credits have been removed from Eligible Basis
- Changing the market study submission date to March 1 (with the application) or adding additional points to incentivize the earlier submission of the market study to March 1
To read the full 2012 QAP draft, click here. To read the full 2012 Definitions draft, click here. Comments about the draft QAP may be submitted to TDHCA via the online discussion forum by visiting http://www.tdhca.state.tx.us/multifamily/htc/draft-qap-forum.htm.
