Alabama

Alabama

NH&RA Urges Congress to Extend GO Zone Benefits

NH&RA’s Historic Preservation Development Council is working to extend expiring Tax Incentives for historic rehabilitation projects in the Gulf Opportunity Zone in Louisiana, Mississippi and Alabama. These benefits are currently due to expire at the end of 2009. As a result of our efforts we expect legislation to be introduced shortly that will be co-sponsored by Congressman Artur Davis (D-Ala.) and Congressman Charles Boustany (R-La.).

Alabama

Alabama Schedules Hearings on QAP & HOME Action Plan

Alabama Housing Finance Authority (AHFA) will conduct a public hearing concerning the modifications to the 2010 HOME Investment Partnerships Program Action Plan and the Low-Income Housing Tax Credit Allocation Plan 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 and Housing Credits for all projects.

Alabama

Alabama Amends Tax Credit Exchange Allocation Plan

The Alabama Housing Finance Agency (AHFA) recently issued a notice of amendment to its allocation plan for the Section 1602 Tax Credit Exchange Program, provided for by the American Recovery and Reinvestment Act.

Alabama

HUD Issues Market Analysis Reports for Mobile, St. George, Grand Junction

The U.S. Department of Housing and Urban Development has released new Comprehensive Housing Market Analysis reports for Mobile, Ala.; St. George, Utah; and Grand Junction, Colo.

Alabama

Treasury Announces Next Wave of Exchange Program Awards

The U.S. Department of the Treasury on July 10 announced $486 million in American Recovery and Reinvestment Act (ARRA) funding to spur the development of affordable housing units through its Section 1602 Tax Credit Exchange Program.

Alabama

Alabama Releases Additional TCAP, Exchange Application Materials

The Alabama Housing Finance Agency (AHFA) has released additional application forms for its Section 1602 Tax Credit Exchange and Tax Credit Assistance Programs (TCAP).

Alabama

Senator Bayh Introduces Disaster Housing Legislation

Senator Evan Bayh (D-Ind.) has proposed legislation that would make $230 million in funding immediately available to begin work on shovel-ready affordable housing developments in flood-ravaged areas of Indiana. The legislation would clarifiy that disaster housing credits in Indiana, Alabama, Arkansas, Illinois, Iowa, Kansas, Louisiana, Michigan, Missouri, Minnesota, Nebraska, Texas and Wisconsin would be eligible for the Tax Credit Exchange Program.

Alabama

Alabama Amends 2009 QAP to Allow ARRA Funds for GO Zone

The Alabama Housing Finance Authority has issued a notice of amendment to its low-income housing tax credit program’s 2009 qualified allocation plan (QAP).

Alabama

States’ ARRA Resource Page

NH&RA will continue to update the ARRA resource page below as information is made available.

Alabama

Alabama Solicits Comments on Proposed TCAP, Exchange Programs

The Alabama Housing Finance Authority (AHFA) is accepting public comments by May 20 with regards to the proposed allocation plans for the TCAP and Tax Credit Exchange programs under the American Recovery and Reinvestment Act.

Alabama

Alabama’s Application Includes Mandatory Online Portion

The Alabama Housing Finance Authority’s application cycle for 2009 low-income housing tax credits will include a mandatory online portion.

Alabama

Alabama Credit Application Package Now Available

The Alabama Housing Finance Authority has announced the availability on its Web site of the 2009 application package, including instructions and supporting attachments, for the authority’s new funding round for low-income housing tax credits and federal HOME funds.

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