Qualified Allocation Plans

A permanent fixed 9% credit rate has multiple immediate effects on the LIHTC Program and the Michigan Qualified Allocation Plan

The Wisconsin Housing and Economic Development Authority Risk and Compliance Team completed an in depth review of its Multifamily Best Practices. As a result, WHEDA has made changes to its audit guide.

Montana will host a Low-Income Housing Tax Credit Training on March 23-25 in Missoula, MT.

GOAL Program funding is designed to provide affordable housing for lower income households, seniors and special needs populations. Comments are due by 5:00 p.m. March 4, 2016.

Louisiana Housing Corporation will use the 9% applicable percentage on IRS Form(s) 8609 for any new building placed in service after December 18, 2015 and which is not federally subsidized. No change in the amount of Low-Income Housing Credits previously awarded or allocated by LHC to buildings placed in service after December 18, 2015 is anticipated.

Florida Housing will hold a workshop on Tuesday, February 16, 2016 at 2:00 p.m. to discuss a Request for Applications to finance the construction, retrofit and/or rehabilitation of small Permanent Supportive Housing Developments that are either Community Residential Homes or Supported Living Units.

At this time, Florida Housing is not proposing a specific definition of an “area of opportunity” or any particular method of incentivizing development in such areas. The Corporation invites the public to review the materials available on the website and to provide comments and suggestions to help identify areas of opportunity.

The California Tax Credit Allocation Committee estimates that its total federal credit ceiling is $93,025,488 for the year ahead. TCAC also has $60,942,981 in state credits available to allocate.

The awards and grants will go to projects that benefit disadvantaged communities by increasing the accessibility of affordable housing, employment centers, and key destinations via low-carbon transportation.

TCAC posted 2016 applications for 9% Competitive Tax Credits, 4% Competitive Tax-Exempt Bonds Combining Federal and State Tax Credits, and 4% Tax Credits with Tax-Exempt Bond Financing.

West Virginia Housing Development Fund posted the list of HUD Designations of Qualified Census Tracts and Difficult Development Areas for the state of West Virginia in 2016.

West Virginia Housing Development Fund posted the agenda and registration form for its Low-Income Housing Tax Credit Program 2016 Application Workshop. The workshop will be held on March 21-22, 2016. Registration forms are due no later than Monday, February 29.