Qualified Allocation Plans

The LHC board met this month and approved resolutions for the following:

A $900,000 increase in HOME Investment Partnership Program funds available through the 2015 Community Housing Development Organization (CHDO) Homeownership Development NOFA

Idaho Housing and Finance Association’s Multifamily Finance Department will conduct a Developer Forum, which will be held at its office, 565 W. Myrtle Street in Boise, Idaho, 1st floor conference room, on July 14, 2015 from 9:30 a.m. to 11:30 a.m. (MST). Participants will informally discuss the Low-Income Housing Tax Credit Qualified Allocation Plan prior […]

The Georgia Affordable Housing Coalition will host its annual conference in Savannah on October 7-9. This is the 19th Annual Conference and Trade Show of the GA Affordable Housing Coalition. With keynote speakers, panel discussions, sessions that appeal to development, construction and management interests, this annual meeting of Georgia’s affordable housing industry is recommended for […]

A draft request for qualifications for the Florida Housing Finance Corporation Multifamily Energy Retrofit Program is available for review and comment. This RFA is expected to be issued in July and Responses will be accepted 1 week later. This is currently estimated to be in mid-July. Any comments on this draft should be submitted quickly […]

Florida Housing Finance Corporation posted a draft of its Non-Competitive Application Package. FHFC will host a rule development workshop to discuss the draft on Thursday, June 25 at 2:30pm at 227 North Bronough Street, 6th Floor Seltzer Room, in Tallahassee. For call-in instructions, click here.

The California Tax Credit Allocation Committee (TCAC) has since 2009 approved the use of the California Utility Allowance Calculator (CUAC) as a means for developers of new Low Income Housing Tax Credit (LIHTC) projects to determine tenants’ utility allowances.

The California Tax Credit Allocation Committee updated June 10 the QAP regulations and June 19 the 2015 Credit Estimates, which describes the allocation process for set asides and geographic regions.

Following the first round reviews of 9% and 4% state credit applications, the California Tax Credit Allocation Committee provided clarifications on rural set aside applications, market studies, lowest income point category, environmental clearance, approvals to begin construction, proposed regulation changes, state credit calculation, and other miscellaneous issues.

Yesterday, the Senate Transportation, Housing and Urban Development (THUD) Appropriations Subcommittee proposed to cut funding for the HOME Investment Partnerships program (HOME) by a staggering 93% from $900 million to just $66 million, all but eliminating the program.

The Alaska Housing Finance Corporation is opening registration for the Teacher, Health Professional, and Public Safety Housing Grant Program. Under this program, competitive funding is available for new construction, rehabilitation, or acquisition of professional rental housing in small communities. The program provides grant funding to fill the gap between a project’s capacity to carry debt […]

The Ohio Office of Planning, Preservation and Development announced the 2015 Housing Tax Credit program awards! More than $30 million in annual credits were awarded to 40 developments supporting the financing of more than 2,500 units of affordable housing across the state of Ohio. The 2015 recipients were chosen from more than 100 applicants seeking […]

During ongoing state budget discussions, the Ohio Senate proposed legislation that would put the state’s historic tax credit program on pause for two years. The provision would prevent the Ohio Development Services Agency from issuing rehabilitation tax credit certificates. Following backlash from advocates and developers, Senate Republicans decided to remove the provision.