General News

Pennsylvania Issues Statement on Adjustments, Waivers to 2009 QAP

The Pennsylvania Housing Finance Agency (PHFA) is taking steps to assist in providing maximum flexibility and responsiveness to developers seeking 2009 low-income housing tax credits.

ACHP Meeting Will Provide Update on Implementation of Preserve America Summit Recommendations

The Advisory Council on Historic Preservation (ACHP) will hold a meeting on February 20 in Washington, DC to provide an update on Preserve America Program Summit Implementation and on transition activities.

South Carolina Issues LIHTC Bulletin; Raises Cap for Amount of LIHTC Owner Can Receive Across Multiple Projects

The South Carolina State Housing Finance & Development Authority has issued a Low Income Housing Tax Credit Program Bulletin to updates its 2009 LIHTC Manual.

California Responds to Comments on Proposed 2009 Regulation Changes

The California Tax Credit Allocation Committee (TCAC) has issued a memo in response to public comments received with regards to proposed regulation changes to the 2009 low-income housing tax credit program. Pursuant to comments received, TCAC will offer a set of revised recommendations to Committee for consideration and adoption on February 25, 2009.

Alabama’s Application Includes Mandatory Online Portion

The Alabama Housing Finance Authority’s application cycle for 2009 low-income housing tax credits will include a mandatory online portion.

Congressman Frank Lays Out Housing Financial Services Committee Agenda

House Financial Services Committee Chair Barney Frank (D-Mass.) laid out the committee’s policy priorities for 2009 in a wide ranging press conference today, February 3. The agenda includes a number of affordable housing related items.

North Dakota Approves 2009 QAP

The North Dakota Housing Finance Agency has published its final 2009 qualified allocation plan for its low-income housing tax credit program.

HUD Proposes Delay on Income and Rent Determination Requirements Ruling

The U.S. Department of Housing and Urban Development is requesting public comment on a proposed 60-day delay of the effective date of a final rule entitled, “˜”˜Refinement of Income and Rent Determination Requirements in Public and Assisted Housing Programs.”