Qualified Allocation Plans

The Maryland Department of Housing and Community Development (DHCD) is kicking off the process to revise the QAP and Guide. The survey for the revision of the QAP and Guide is due November 13.

Florida Housing expects to offer an estimated $2,185,789 of Low Income Housing Tax Credits for new construction, redevelopment or rehabilitation of Family or Elderly (non-Assisted Living Facility) properties in areas where a Local Government is implementing a planned initiative in partnership with private and other public stakeholders to invest funding and other resources to rejuvenate the area.

OHFA revised the Low-Income Housing Tax Credit Lease Addendum currently used at LIHTC projects. The revised lease must be used by owners/property managers effective January 1, 2016.

Since opening the application for OHFA’s new permanent loan program, six developments were successfully brought through the OHFA Board approval process, comprising a total investment of $6.6 million and impacting the development of 451 units.

The Application Submitted Report for “RFA 2015-110 for Financing of Affordable Multifamily Housing Developments with HOME Funding to be used in conjunction with Florida Housing-Issued MMRB and Non-Competitive HC, RFA 2015-110 for Financing of Affordable Multifamily Housing Developments with HOME Funding to be used in conjunction with Florida Housing-Issued MMRB and Non-Competitive HC, and RFA 2015-106 – Housing Credit Financing for Affordable Housing Developments Located in Medium and Small Counties have been posted to the webpage.

MSHDA will hold an Information Hearing on October 30, 2015 to take comments and suggestions for modifications to the QAP for 2017-2018.

Florida Housing expects to offer an estimated $2,185,789 of Housing Credits for the development and revitalization of affordable, multifamily housing. A workshop is scheduled for 3:00 p.m., Eastern Time, on Thursday, November 5, 2015.

The 2016 Housing Tax Credit Application, Exhibits and Appendices are now available on the Iowa Finance Authority web site and will be available through Monday, December 7, 2015 at 4:30 p.m.

Florida posted a question and answer document for RFA 2015-107 – Housing Credit Financing for Affordable Housing Developments Located in Broward, Duval, Hillsborough, Orange, Palm Beach, and Pinellas Counties.

California’s Tax Credit Allocation Committee posted a proposed program schedule and deadlines for 2015-2016.

The tie breaker calculator for the Fall 2015 Final Proposed Regulation Changes is now available on the TCAC website.

Arizona Department of Housing has implemented new procedures to clarify the requirements for energy inspections related to Low Income Housing Tax Credit projects which received allocations in 2013, 2014 and 2015.