General News

The California Tax Credit Allocation Committee (CTCAC) has released the proposed changes to the state’s Qualified Allocation Plan (QAP) for Low-Income Housing Tax Credits (LIHTC) and has announced the schedule for four public hearings regarding those revisions.

The Wisconsin Housing Economic & Development Authority (WHEDA) recently released a multifamily program notice regarding the 2012 LIHTC program cycle and emerging business/workforce development program.

HUD’s Office of Policy Development & Research has published the latest version of its U.S. Housing Market Conditions. Published quarterly, the report is a compilation of statistical data and written reports.

The Texas Department of Housing and Community Affairs (TDHCA) has announced the 2012 Multifamily Application Workshop schedule for those wishing to apply for Low-Income House Tax Credits (LIHTC).

Kentucky Housing Corporation (KHC) announced that it will host a Multifamily Developers’ Forum/Public Hearing on the 2013 Qualified Allocation Plan (QAP) on Monday, December 5, 2011 at the Frankfort Public Library. KHC will post a draft of the 2013 QAP on the Multifamily Finance Department Web page prior to Wednesday November 23, 2011.

The Ohio Housing Finance Agency has released a series of Frequently Asked Questions (FAQs) regarding the 2012 Qualified Allocation Plan (QAP).

The Internal Revenue Service (IRS) published Revenue Service 2011-57 which dictates the amounts of unused housing credit carryover allowances allocated to qualified states. Nearly $3.66 million of unused credits were divided among the states in the National Pool.

On November 10, HUD issued Notice H 2011-31, which provided guidance on the agency’s policy regarding the use of sale proceeds by nonprofits that sell multifamily projects with an FHA-insured, HUD-held or formerly FHA-insured mortgages.

HUD has issued a proposed rule to revise the energy audit requirements applicable to HUD’s public housing program. The rule clarifies the requirements, as well as identifies energy-efficient measures that need to be addressed in the audit and procedures for improved coordination with physical needs assessments.

NH&RA is pleased to present the PowerPoint presentations from the recent 2011 Fall Developers Forum (November 14-15) in Boston, Mass.

The Iowa Finance Authority (IFA) recently released the state’s proposed 2012 Qualified Allocation Plan (QAP) and an overview of significant changes to the plan.

The White House Rental Policy Working Group which includes officials from the White House, the Department of Housing and Urban Development and the U.S. Department of Agricultural Rural Development has unveiled a pilot program, the Physical Inspections Alignment Program, as part of the Obama Administration’s recent goal to streamline Federal rental housing policy.