News

The Community Development Financial Institutions (CDFI) Fund this week released an updated data summary on projects financed by the New Markets Tax Credit (NMTC) program through fiscal year 2010.

HUD has announced policy changes that will be implemented for the Section 8 Project-Based Rental Assistance (PBRA) program in order to achieve certain savings and slow the growth of PBRA expenditures.

The Virginia Housing Development Authority (VHDA) has announced that effective January 1, 2012, only VHDA-approved market analysts will be authorized to complete market studies for Low-Income Housing Tax Credit (LIHTC) projects.

The Georgia Department of Community Affairs (DCA) has announced the 2012 Qualified Allocation Plan Application Workshop will take place Tuesday, February 28, 2012 from 9:00 am to 4:00 pm at the Cobb Galleria Centre in Atlanta, GA.

Community Development Financial Institutions Fund (CDFI Fund) has updated its Frequently Asked Questions document on New Markets Tax Credit Compliance and Monitoring.

The California Tax Credit Allocation Committee (CTCAC) has released the proposed changes to the state’s Qualified Allocation Plan (QAP) for Low-Income Housing Tax Credits (LIHTC) and has announced the schedule for four public hearings regarding those revisions.

The Wisconsin Housing Economic & Development Authority (WHEDA) recently released a multifamily program notice regarding the 2012 LIHTC program cycle and emerging business/workforce development program.

HUD’s Office of Policy Development & Research has published the latest version of its U.S. Housing Market Conditions. Published quarterly, the report is a compilation of statistical data and written reports.

The Texas Department of Housing and Community Affairs (TDHCA) has announced the 2012 Multifamily Application Workshop schedule for those wishing to apply for Low-Income House Tax Credits (LIHTC).

Kentucky Housing Corporation (KHC) announced that it will host a Multifamily Developers’ Forum/Public Hearing on the 2013 Qualified Allocation Plan (QAP) on Monday, December 5, 2011 at the Frankfort Public Library. KHC will post a draft of the 2013 QAP on the Multifamily Finance Department Web page prior to Wednesday November 23, 2011.

The Ohio Housing Finance Agency has released a series of Frequently Asked Questions (FAQs) regarding the 2012 Qualified Allocation Plan (QAP).

The Internal Revenue Service (IRS) published Revenue Service 2011-57 which dictates the amounts of unused housing credit carryover allowances allocated to qualified states. Nearly $3.66 million of unused credits were divided among the states in the National Pool.