Qualified Allocation Plans

The California Tax Credit Allocation Committee (TCAC) updated Attachment 40 on January 15 with California Debt Limit Allocation Committee (CDLAC) scoring. Changes and corrections include from the January 15 updated include: The CDLAC tie breaker 20 percent bonus is available to new construction projects only. This includes projects that receive points as a Special Needs […]

The California Tax Credit Allocation Committee (TCAC) released new Subsidy Layering Review (SLR) instructions. Public Housing Authority’s (PHA) must submit their SLR documentation after the project receives a reservation of tax credits, via email to SubsidyLayering@treasurer.ca.gov. If you have any questions, please contact SubsidyLayering@treasurer.ca.gov. TCAC also updated its Development Section Resyndication Questionnaire Memo, which is […]

Iowa Governor Kim Reynolds released a proposed fiscal year 2022-23 budget, which includes a state LIHTC, doubling the state workforce housing tax credit and increasing funding for the state housing trust funds. Reynolds’ $8.1 billion proposal includes a $15 million annual allocation for a new state LIHTC incentive and a boost for the workforce housing […]

A bill introduced in the Indiana Senate would create a state LIHTC for a percentage of the federal four percent LIHTCs received by properties. S.B. 214 would make the state LIHTC transferrable and the credit could be carried forward up to nine years. The state credit would be for 40% to 100% of the federal […]

Michigan State Housing Development Authority (MSHDA) released the form necessary to request an electronic application submission for the upcoming February 1, 2021 LIHTC Funding Round. In order to electronically submit an application package for MSHDA LIHTC Program you must first complete the requested information at the link above. Upon hitting “Submit,” a file will be […]

Minnesota Housing and Minnesota Department of Human Services are pleased to sponsor this free training Mental Health and De-escalation for Property Management Staff provided by the People Incorporated Training Institute. This training is for affordable housing property management staff, with particular emphasis on management staff at properties that have supportive housing units. Participants will learn […]

Minnesota Housing is now accepting applications for Round Two of the 2021 LIHTC Program. Approximately $1,119,000 in credits will be available, including $88,892 of credits set aside for Rural Development (RD) deals. The RD set-aside is carried forward to Round 2, and if there are no eligible applications, the housing tax credits will be available […]

Applications for Ohio Housing Finance Agency’s (OHFA) 2021 nine percent LIHTC round are due by 5 p.m. ET on February 11. The most current version of the 2021 Affordable Housing Funding Application (AHFA) was updated on January 14, 2021. Several formula and reference errors were corrected since original publishing date of December 4, 2020. The […]

Virginia H.B. 2050 would create a state LIHTC equal to the amount of the federal LIHTC that a development receives. The bill would create the Virginia Housing Opportunity Tax Credit, effective January 1, 2021. The credit would not be refundable but could be carried forward up to five years.

Virginia Housing unveiled the 2021 LIHTC Manual and accompanying 2021 Application for Reservation of Credits. Please note, Virginia Housing made no changes to the QAP last year so there are no major programmatic changes for the upcoming competitive round. A very brief list of administrative changes may be found on page two of the manual, […]

The Oregon state legislature established the Landlord Compensation Fund with $150 million in State General Funds via HB 4401. Unlike past rent assistance, landlords can directly apply for these resources through an online application portal that will open in late-January. Please see the image below that details the application process and visit the Oregon Housing […]

Minnesota Housing Released the following dates for its 2021 Multifamily Consolidated Request for Proposals (RFP)/2022 LIHTC Round 1: Thursday, February 11: Pre-application released for Innovative Construction Techniques; Mid-March: Consolidated RFP application materials and Section 811 PRA pre-application released; Wednesday, April 14 at noon: Pre-application for Innovative Construction Techniques due; Wednesday, April 14: Consolidated RFP published […]