Alabama

The Alabama Housing Finance Authority (AHFA) has announced that applications for Low-Income Housing Tax Credits and HOME program funds will be accepted beginning March 13, 2012, at 9:00 am CST until 5:00 pm on March 15, 2012.

The IRS issued Notice 2012-3 to provide guidance on current refunding issues for outstanding prior bond issues that qualify for tax-exempt bond financing under disaster relief bond programs including Gulf Opportunity Zone Bonds (GO Zone Bonds), qualified Midwestern disaster area bonds and Hurricane Ike disaster area bonds under the Heartland Disaster Act.

The Alabama Housing Finance Authority (AHFA) has released the draft 2012 Qualified Allocation Plan (QAP) for review and public comment. The plan incorporates very few alterations to the previous year’s plan.

The Internal Revenue Service (IRS) has issued Notice 2011-65, which provides relief to Alabama from certain low-income housing credit requirements.

On June 15 Senators Richard Shelby (R-Ala.) has introduced legislation to provide relief to states that suffered damage by the series of tornadoes and flooding that have struck the south east.

The Secretaries of the U.S. Departments of Treasury and Housing and Urban Development recently co-signed a letter to Senator Mary Landrieu, in response to correspondence the agencies received from Sen. Landrieu in March.

HUD’s Economic and Market Analysis Division has released a Comprehensive Housing Market Analysis of the Montgomery, Alabama market area.

The Alabama Housing Finance Agency (AHFA) has announced that it will accept applications for 2011 HOME and/or Housing Tax Credit funds beginning at 9:00 am on Tuesday, March 15 and ending at 5:00 pm on Thursday, March 17.

The Alabama Housing Finance Authority will hold a 2011 LIHTC and HOME application workshop on February 14 in Montgomery, AL.

Three state housing finance agencies recently adopted final versions of their 2011 Qualified Allocation Plans for administering the federal low-income housing tax credit program. 

The Alabama Housing Finance Agency has released its application package for the 2010 low-income housing tax credit (LIHTC) program. AHFA will accept applications beginning March 8, 2010.

The Alabama Housing Finance Agency’s Board of Directors approved the 2010 Qualified Allocation Plan and 2010 HOME Action Plan, for administering the Low-Income Housing Tax Credit and HOME Programs, respectively, on December 16.