Qualified Allocation Plans

Alabama Housing Finance Authority (AHFA) will conduct a public hearing concerning the proposed 2019 HOME Investment Partnerships Program Action Plan and the Housing Credit Qualified Allocation Plan (Plans) for the distribution of HOME funds and Housing Credits in exchange for the new construction and substantial rehabilitation of low-income projects and for the monitoring of HOME funds and Housing Credits for all projects.

Modifications to the current 2018 requirements will affect all VHDA multifamily loans applied for in 2019 and 2020 and properties receiving 2019 and 2020 Low Income Housing Tax Credits.

Carpenter has served as the state agency’s leader for twenty years.

2018 applicants must select either the 20% at 50% or 40% at 60% minimum set aside and adhere to current underwriting parameters (units underwritten above 60% of Area Median Income will be treated as market rate or unrestricted).

The addendum provides interested parties with a list and map of eligible parishes in which rural pool projects must be located to compete for Community Development Block Grant Disaster Recovery Funds.

The Iowa Profile provides interactive and downloadable data on a statewide and county-level basis and as well as Iowa’s largest 28 cities with populations of more than 14,000, as reported in the 2010 census.

FHFC aims to allow developments that have not yet received their 8609s to elect the new option. Read on for some of the proposed requirements around income averaging.

Scoring has been changed this year to further incentivize serving special populations including homelessness and the TCAC opportunity map, among other items. Two workshops are also planned in conjunction with the NOFA.

The Arizona Department of Housing has opened its public comment period for the 2019 QAP.

The Income Averaging set aside will not be permitted for LIHTC projects in this proposal.

Monday’s article examines eight states’ responses to the new income averaging set aside election for LIHTC made available by Congress as part of the March 2018 omnibus spending bill.

Public consultation will take place during June and July 2018 with 40 meetings held throughout the state, along with four conference calls, to gather input on the needs and goals of Texans for future use of federal program funds.