Qualified Allocation Plans

Maryland Requires use of 5.5 Percent Interest Rate

The Maryland Department of Housing and Community Development is requiring all 2022 Competitive Round applications to assume a 5.5 percent interest rate for first-lien debt calculations, regardless of any quoted interest rate that may be indicated in the letter of intent.

Kentucky Updates 2022 Multifamily Development Cost Containment Limits

The cost containment limits for multifamily development have been updated for 2022 to reflect the current building cost environment due to the shortage of building materials, supply chain issues and other inflationary pressures.

QAP Minnesota

Minnesota Opens 2022 Consolidated RFP

Minnesota Housing and its partners opened the 2022 Consolidated Request for Proposals (RFP) for applications. The annual Consolidated RFP process makes $11 million in funding available to help build and preserve homes that are affordable in communities throughout Minnesota.

QAP Colorado

Colorado Hosts Trainings – April 19 – 21

The Colorado Housing and Finance Authority (CHFA) will host a Need-to-Know Tax Credits training webinar for owners, developers and board members on April 19 from 9 a.m. to noon MT.

QAP Texas

Texas Updates 2022 Community and Local Support Logs

As part of the 2022 Competitive LIHTC Allocation process, Texas Department of Housing and Community Affairs’ Multifamily Finance Division posted an updated 2022 Community Support from State Representatives list, the 2022 Local Government Support list and the 2022 Quantifiable Community Participation list.

QAP Maryland

Maryland Hosts LIHTC Compliance Training – May 19

Join the Maryland Department of Housing and Community Development, Maryland Affordable Housing Coalition and Maryland Affordable Housing Management Association for an Intermediate LIHTC Compliance Training: Critical Issues of LIHTC Management, with AJ Johnson.

QAP Oregon

Deadlines for Oregon’s Affordable Housing Fund Offerings

Below are the deadlines for Oregon Housing and Community Services’ development and preservation of affordable housing. Questions about these deadlines and fund offerings should be directed to MFNOFA@oregon.gov.

QAP Connecticut

$10 Million in Connecticut State Tax Credits Available

The Connecticut Housing Finance Authority anticipates making available $10 million in state tax credits to nonprofit applicants that will create housing opportunities in the following classifications:

QAP Idaho

Idaho Seeks Feedback on Workforce Housing Fund

In March, Idaho Gov. Brad Little (R) signed two pieces of legislation that represent a $50 million investment in affordable housing for Idaho’s workforce.

QAP Wisconsin

Wisconsin Names Jessica Boling as Assistant Deputy Executive Director

The Wisconsin Housing and Economic Development Authority (WHEDA) has announced that Jessica Boling has been selected by Governor Tony Evers to serve as WHEDA’s assistant deputy executive director.

QAP Alabama

Alabama Launches Bulk Processing to Streamline ERA Submission Process for AHFA-Funded Projects

Last week, ERA Alabama launched another enhancement to further streamline the application process for Emergency Rental Assistance Alabama funding for Alabama Housing Finance Authority (AHFA)-funded projects.

QAP Alaska

Alaska Board of Directors Meetings – April 27

The Alaska Housing Finance Corporation Board of Directors will meet at 10 a.m. AKT on April 27 via WebEx teleconference only.

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