Thom Amdur Author Archives

The LIHTC and bond caps are the greater of $2.35 and $100, respectively, being multiplied by the state’s population, or a predetermined amount. The notice also indicates that rehabilitation expenditures will be treated as a separate new building.

The U.S. Department of the Treasury’s Community Development Financial Institutions Fund released the Notice of Allocation Availability for the calendar year 2015 round of the New Markets Tax Credit Program. Applications are due December 16.

A capital needs assessment is not part of the application or scoring process for RFA 2015-112. The Florida Housing-assigned Credit Underwriter will order a capital needs assessment for Applications selected for funding only if the proposed Development involves any rehabilitation units.

Florida Housing Finance Corporation issued RFA 2015-115 Multifamily Energy Retrofit Program. The Application Deadline for RFA 2015-115 is 11:00 a.m., Eastern Time, on November 13, 2015.

Florida Housing Finance Corporation issued RFA No. 2015-111 for Housing Credit Financing for the Preservation of Existing Affordable Multifamily Housing Developments. The Application Deadline for RFA 2015-111 is 11:00 a.m., Eastern Time, on December 4, 2015.

The Maryland Department of Housing and Community Development (DHCD) is kicking off the process to revise the QAP and Guide. The survey for the revision of the QAP and Guide is due November 13.

Florida Housing expects to offer an estimated $2,185,789 of Low Income Housing Tax Credits for new construction, redevelopment or rehabilitation of Family or Elderly (non-Assisted Living Facility) properties in areas where a Local Government is implementing a planned initiative in partnership with private and other public stakeholders to invest funding and other resources to rejuvenate the area.

OHFA revised the Low-Income Housing Tax Credit Lease Addendum currently used at LIHTC projects. The revised lease must be used by owners/property managers effective January 1, 2016.

Since opening the application for OHFA’s new permanent loan program, six developments were successfully brought through the OHFA Board approval process, comprising a total investment of $6.6 million and impacting the development of 451 units.

The Application Submitted Report for “RFA 2015-110 for Financing of Affordable Multifamily Housing Developments with HOME Funding to be used in conjunction with Florida Housing-Issued MMRB and Non-Competitive HC, RFA 2015-110 for Financing of Affordable Multifamily Housing Developments with HOME Funding to be used in conjunction with Florida Housing-Issued MMRB and Non-Competitive HC, and RFA 2015-106 – Housing Credit Financing for Affordable Housing Developments Located in Medium and Small Counties have been posted to the webpage.

After months of back-and-forth with the affordable housing community about proposed changes to tax credit regulations, the California Tax Credit Allocation Committee posted its final proposed version.

The American Jewish Committee Boston chapter honored Arthur Winn, founder of WinnCompanies, at its annual Community Leadership Award dinner. The event celebrated Winn’s affordable housing work.