Qualified Allocation Plans

The Iowa Finance Authority has released three documents that were not originally available at the time of the initial proposal for the draft 2017 QAP. Comments on the QAP are due by August 23rd. Read on for a summary of the documents and general changes in the 2017 QAP.

The Maryland Department of Housing and Community Development has released a Notice that it has sent both its QAP and Multifamily Rental Financing Program Guide (the “Guide”) to Governor Hogan for approval. Here are some significant changes.

KHC is making available a combined total of $19.2 million of KHC’s Equity Bridge Loan, HOME Investment Partnerships (HOME) Program, National Housing Trust Fund (NHTF), and Affordable Housing Trust Fund (AHTF) monies through a Notice of Funding Availability (NOFA).

WHEDA has published the 2017 LIHTC QAP and list of areas that are eligible for points in the Opportunity Zone category.

The Board of Directors of the Connecticut Housing Finance Authority (CHFA) adopted the 2016 Low-Income Housing Tax Credit (LIHTC) Qualified Allocation Plan (QAP) and Procedures pending the Governor’s approval.

MassHousing Executive Director Tim Sullivan recently named Beth Elliott as MassHousing’s General Counsel, and Charles Karimbakas as Chief Financial Officer.

Proposed language for the 2017 Tax Credit Policy recommendations have been added to the Washington State Housing Finance Commission website.

The first draft of the 2017 Qualified Allocation Plan and Major Revisions Memo are now available on the Agency website: 2017 QAP.

Idaho Housing and Finance Association has updated its Low Income Housing Tax Credit Cost Limits as well as worksheets for New Construction and Acquisition Rehab costs which can be found under the LIHTC section of the IHFA website.

The South Carolina State Housing Finance and Development Authority has added a new requirement which only applies to Acquisition/Rehabilitation applications for Tax-Exempt Bond financing with non-competitive 4% tax credits.

Michigan State Housing Development Authority has released the Notice of Funding for the first round of competitive tax credit allocations.

Florida Housing Finance Corporation has posted the 2016 Qualified Allocation Plan (QAP) along with accompanying documents including estimates for 2016 Housing Credit Allocation Amounts.