Qualified Allocation Plans

California Tax Credit Allocation Committee announced proposed regulation changes to the Qualified Allocation Plan, along with a statement of reasons. If approved, TCAC will enact the changes on March 18, 2015. TCAC will hold a public hearing on the proposed changes on February 24, 2015.

The Maryland Historical Trust is now accepting applications for the Small Commercial Tax Credit. Eligible projects may earn a state income tax credit equal to 20 percent of qualified rehabilitation expenditures.

As the Ohio Housing Finance Agency multifamily program offices continue the process of preparing the 2016-2017 QAP, they will focus on preparing the first draft of the QAP scheduled to be released in early March 2015.

OHFA announced the Multifamily Lending Program can be used in conjunction with the 2015 9% LIHTC proposal applications, and the program is eligible for competitive points under Development Characteristic Priority 3c.

The Kentucky Housing Corporation’s 2015 Application for HOME Investment Partnerships Program (HOME) and the Affordable Housing Trust Fund (AHTF) will remain open until all funds have been awarded.

Texas Department of Housing and Community Affairs posted to its website an updated FAQ for the 2015 Competitive Housing Tax Credit Cycle. If you have any questions about the 9% Program, please contact Kathryn Saar at kathryn.saar@tdhca.state.tx.us.

The sixth issue of the FAQ for the 2015 QAP has been posted to the OHFA website. New content is underlined for clarity and ease of use.  

The application for the 2015 Kentucky Housing Corporation (KHC) HouseWorks Repair Program (HouseWorks) is now available. The application guidelines are available on KHC’s website, under Development, Single-Family.

The Connecticut Housing Finance Authority (CHFA) released a Notice of Funding Availability (NOFA) for the State of Connecticut Housing Tax Credit Contribution Program (HTCC).

Alabama Housing Finance Authority posted to its website the AHFA Presubmission Guidance, 2015 Application Forms and Instructions, AHFA DMS Authority Online Application & Instructions, AHFA Complete Application Submission, and Additional Documents for the 2015 Application Cycle. The competitive application period ends on March 19, 2015.

Oregon Housing and Community Services (OHCS) released the 2015 NOFA.

Massachusetts DHCD’s Division of Housing Development will hold information sessions on Monday, February 9th, and Thursday, February 12th, to help developers and consultants prepare for the Department’s upcoming rental funding competition.