Qualified Allocation Plans
Kentucky Released Multifamily Guidelines for 2016 Funding Round
Kentucky Housing Corporation posted multifamily guidelines for the 2016 funding round.
Florida Posts Drafts of 6 Large County, Miami-Dade County Geo RFAs
The Florida Housing Finance Commission posted: 9-9-15 Draft of the 6 Large County Geo RFA 2015-107 has been posted to http://www.floridahousing.org/Developers/MultiFamilyPrograms/Competitive/2015-107/ 9-9-15 Draft of the Miami-Dade County Geo RFA 2015-108 has been posted to http://www.floridahousing.org/Developers/MultiFamilyPrograms/Competitive/2015-108/ To assist in the review of these new drafts, a version comparing the 9-9-15 Draft of each RFA with the […]
Connecticut Holds Training September 30 for New Application Submission Process
Connecticut Housing Finance Authority (CHFA) will provide training for the new SharePoint website. This is a direct replacement for the BizNet website previously used to upload Consolidated Applications for CHFA and Department of Housing (DOH) review. Online instructional videos and presentations will be available on the CHFA and DOH websites by Friday, September 18th. If […]
Connecticut Offers Rental Assistance to SSHP Properties Applying for 9% LIHTC
Connecticut Housing Finance Authority indicated that the Department of Housing has rental assistance available to State-Sponsored Housing Portfolio (SSHP) properties that are applying in the 9% Low-Income Housing Tax Credit funding round. The following process will be utilized for this round: Contact Helen Muniz at muniz@ct.gov to make your request for rental assistance. Complete the […]
Colorado Posts First Draft of 2016 QAP
The first draft of CHFA’s 2016 Qualified Allocation Plan (QAP) is now available. The primary change for the first draft includes the following proposals: CHFA will hold two application rounds in 2016: one for all State Credit applications, (including those for the disaster recovery areas), and one for 9 percent Federal Credits: Round One: State […]
California TCAC Holds Committee Meeting September 23
The California Tax Credit Allocation Committee will meet on September 23 to discuss 2015 Second Round Applications for Reservation of Federal and State 9% and 4% LIHTCs. TCAC recommended applications for the 9% and 4% programs are posted to the TCAC website. Click here to read the meeting notice.
California TCAC Releases Checklist for Tax Credit and Ownership Transfers
TCAC developed a checklist in response to requests from project sponsors to sell or transfer ownership interests in existing tax credit projects. TCAC staff must perform a qualifications review to determine if sufficient project development and property management experience exists for the newly proposed owner and property management organization. TCAC regulations (Section 10320(b), 10325(c)(2), and […]
Proposed CDLAC, CTCAC Regulation Changes Program Will Not Impact 2015 Funding Rounds
The California Debt Allocation Committee (CDLAC) and Tax Credit Allocation Committee (CTCAC) boards will consider proposed regulation changes on October 21, 2015. According to a notice from CDLAC, the regulations will not apply to any 2015 deals awarded bonds or tax credits in 2015, which includes the December Round. Applications for the December Round of […]
California TCAC Makes Substantial Revisions to Proposed Regulation Changes
On September 8, TCAC Executive Director Mark Stivers released a revised version of changes that he proposed for the tax credit program earlier in the summer. The changes reflect feedback TCAC received during the comment period that ended August 31, and apply to the “back end provisions” sections of the original proposal. TCAC staff invites […]
California Legislators Approve Bills to Boost LIHTC Allocation Cap, Allow Certificated Credits
California’s state low-income housing tax credit program will expand to include $100 more in allocation and the ability to certificate credits, starting in the 2016 calendar year (as long as the governor signs them into law). These changes are a result of two pieces of legislation, AB 35 and SB 377, passed by legislators in […]
Wisconsin Modifies 2015-16 LIHTC QAP to Clarify Scoring and Update Procedures
WHEDA has published Modification #2 to the 2015-2016 Qualified Allocation Plans for the Low Income Housing Tax Credit program. The modification makes changes and clarifications to some of the scoring categories, and updates procedures for the 2016 LIHTC cycle. WHEDA anticipates that the 2016 LIHTC application will be available on approximately December 1, 2015. The […]
West Virginia Senior Director of Tax Credits and Compliance Retires
Sherry Bossie retired as West Virginia Housing Development Fund Senior Director of Tax Credits and Compliance. Sherry has been with the Fund for 26 years. She is nationally known for West Virginia’s Low-Income Housing Tax Credit Program. Sherry began her career with the Fund in 1989 as the Fund’s Financial Management Officer. During her time […]