Alabama

Alabama Housing Finance Authority updated their website to include the 2014 HOME and Housing Credit Application Forms, Checklist, Index Pages and Instructions. The deadline to submit an application for the 2014 competitive cycle is March 18, 2014.

Alabama Housing Finance Authority (AHFA) will host a 2014 HOME/Housing Credit Application Workshop for potential applicants on February 18, 2014 in Montgomery.

UPDATE: Alabama Housing Finance Authority (AHFA) released the Final 2014 HOME Investment Partnership Program Action Plan and the 2014 Alabama QAP.

The Internal Revenue Service (IRS) announced in Revenue Procedure 2013-35 that it has set the inflation-adjusted State credit ceiling for the Low-Income Housing Tax Credit (LIHTC) program and private activity bond caps for calendar year 2014.

The Internal Revenue Service (IRS) recently published Revenue Procedure 2013-31, which details the amounts of unused Low-Income Housing Tax Credit (LIHTC) carryovers allocated for calendar year 2013.

The Alabama Housing Finance Authority (AHFA) has announced that applications for Low-income Housing Tax Credits and HOME Investment Partnership Funds are now available.

The Alabama Housing Finance Authority (AHFA) annual developers’ workshop will be held from 9am-2pm on Monday, February 25 on Montgomery Alabama.

The Internal Revenue Service (IRS) announced in Revenue Procedure 2012-41 that it has set the inflation-adjusted State credit ceiling for the Low-Income Housing Tax Credit (LIHTC) program and private activity bond caps for calendar year 2013.

The Internal Revenue Service (IRS) recently published Revenue Procedure 2012-42, which indicates the amounts of unused Low-Income Housing Tax Credit (LIHTC) carryovers for 2012. These carryovers, which amounts to nearly $2.43 million in unused credits, have been allocated to 34 states.

On September 13th, the Alabama Housing Finance Authority (AHFA) Board of Directors approved drafts of its 2013 HOME Investment Partnerships Program Action Plan and the LIHTC Qualified Allocation Plan. AHFA will be hosting a public hearing on Tuesday, October 2, 2012

On May 9, Alabama’s state legislature sent the proposed Alabama New Markets Development Act (HB257) to Governor Wallace’s office for approval. The bill is informed by the Federal New Markets Tax Credit and much of the language and general structure mirrors key concepts and precedent in Section 45D of the IRS Code of 1986; however, there are several notable differences.

The Office of the Comptroller of the Currency (OCC) issued OCC Bulletin 2012-8 which will extend the deadline for consideration of Community Reinvestment Act (CRA) activities in areas that were affected by hurricanes Rita and Katrina.