At its May 16, 2018, meeting, the Ohio Housing Finance Agency (OHFA) Board announced the recipients of the 2018 Housing Tax Credit (HTC) program awards, used to fund the construction, acquisition and rehabilitation of affordable housing communities throughout Ohio. Over $28 million in 10-year federal housing tax credits were awarded to 37 developments to create […]
Please be reminded that preliminary applications for the 2019 LIHTC round are due no later June 1, 2018 and must be submitted via the Online Data Manager (ODM) system. A preliminary application is a prerequisite to applying for 9% LIHTCs. Final applications are due on August 24, 2018. Please be sure to review the Preliminary Application Review process, which summarizes the […]
DSHA will have its annual budget hearing before the General Assembly’s Joint Bond Bill Committee at 1:30 p.m. on Thursday, May 17. The hearing is open to the public, and public testimony will be accepted. The hearing will be held in the Joint Finance Committee Hearing Room at Legislative Hall,411 Legislative Avenue, Dover. Click Here […]
The Council welcomes and encourages public input from stakeholders, consumers, providers and developers interested in the issue of Service-Enriched Housing for persons of all ages with disabilities and aging Texans.
These projects will first need to receive a 9% award. 9% scoring will be handles as follows: Income Targeting score will be calculated only using units associated with the 9% credit. Direct Leveraging score will include amounts from bonds and 4% equity towards the leveraging funds amount.
Parties interested in applying for housing credits through the QAP are encouraged to attend the QAP Application Workshop. Although not required, pre-registration is recommended.
Proposals received after 5 p.m. ET, on Thursday, May 31, 2018, will not be accepted.
4% / bond developments which have received an allocation but have not yet submitted a final application may request a modification in order to adopt income averaging. Modifications cannot be given to projects which have already been issued an 8609.
The Illinois Housing Development Authority (IHDA) is requesting feedback from IHC member developers on if and how income averaging would be beneficial to your projects. A survey is linked.
Originally renewed in the 2014 legislative session, the state Tax Credit Program has proven to be a critical resource; leveraging over $465 million in private sector investment into Colorado, which in turn has helped support over 4,000 affordable apartments be developed or preserved.
The fund will support two separate housing competitions: emergency/transitional housing category and permanent housing category.
Minneapolis Mayor Jacob Frey has proposed a new pilot program which would extend the 4d classification to unsubsidized properties. Landlords could receive a 40% property tax discount for offering at least 20% of their units as affordable (60% AMI or less) and keep the units affordable for at least 10 years.