Qualified Allocation Plans

The Kentucky Housing Corporation has revised the 2015 Multifamily Guidelines to clarify policy issues related to funding the operating deficit reserve account, the process for the pre-construction conference and issuance of the notice to proceed, and credit rate lock-in requirements for Housing Credit projects. All changes to the guidelines are highlighted for easy reference. The […]

At the request of Treasurer Lockyer, California Tax Credit Allocation Committee (TCAC) staff is suspending its regulation promulgation process at this time. This decision will afford the new Treasurer and new State Controller an opportunity to participate in the rulemaking process for the 2015 program year. TCAC staff will advise the public of any future […]

The Arizona Department of Housing has posted a draft of the 2015 LIHTC Additional Forms (with the exception of Form 3) on its website. Please download the Information Bulletin for additional information.

The Alabama Department of Economic and Community Affairs (ADECA) Community and Economic Development Unit invites the general public to attend a public forum scheduled to be conducted on Thursday, November 13, 2014, at 10:30 a.m. at the Perdido Beach Resort Hotel located at 27200 Perdido Beach Blvd., Orange Beach, Alabama 36561. The forum will be […]

In October, the Federal Deposit Insurance Corporation (FDIC) approved a final rule requiring asset-backed security issuers to retain part of the risk in any asset they securitize. The final rule explicitly exempts all loans originated through state HFA programs–like AHFA–from the risk retention requirements. In short, this means that banks and others who sell securities […]

Residents of Alabama are paying substantially less for mortgages compared to the national average. In a recent report from Business Insider, Alabama’s average amount owed on a mortgage is listed at $114,119. Compare that to the U.S. average of $157,154 and it is clear that Alabama ranks in the lower end of what Business Insider […]

Beginning in October, Hardest Hit Alabama is providing mortgage payment assistance to homeowners who have experienced a substantial reduction in household income as well as those receiving state unemployment compensation benefits.

The Alabama Housing Finance Authority (AHFA) accepted, through November 7, public comments concerning the proposed 2015 HOME Action Plan and the Housing Credit Qualified Allocation Plan (Plans) for the distribution of HOME funds and Housing Credits in exchange for the new construction and substantial rehabilitation of low-income projects and for the monitoring of HOME funds […]

The Pennsylvania Housing Finance Agency has made changes to the mandatory Enterprise Green Communities criteria for preservation applications. The threshold criteria forms in the 2015 application will be revised on their website to reflect these changes.

An updated version of the application package for the 2015 Housing Tax Credit program year has been posted to the Ohio Housing Finance Agency website.

The Michigan State Housing Development Authority has made two changes to the updated parameters that were posted on October 17, 2014.  The changes are as follows: Added a long practiced, but previously unwritten underwriting assumption to the LIHTC/Tax-Exempt Bond or Taxable Bond Rent Restrictions section for all new construction or vacant acquisition rehab transactions. This […]

TDHCA Seeks Feedback on State’s Section 811 Project Rental Assistance Program.  An online forum will be held from October 13 to October 24.