Arizona

The Arizona Department of Housing (ADOH) has posted updated versions of the Multifamily Revenue Bond Procedural Guidelines.

In response to the, H.R. 8, American Taxpayer Relief Act of 2013, the Arizona Department of Housing (ADOH) requested approval from Governor Brewer for adjustments to the 2013 Qualified Allocation Plan. The proposed changes include extending the application deadline by two months from March 1, 2013 to May 1, 2013.

The Arizona Department of Housing (ADOH) has released its 2013 Low Income Housing Tax Credit (LIHTC) Application Materials and Exhibits supporting the 2013 Qualified Allocation Plan (QAP).

The Arizona Department of Housing will be holding the 2013 LIHTC application workshop on January 23, 2013 from 9:00am to 2:00pm. All developers, or designated members from the development team, who plan to apply in the 2013 round must attend this training.

The Arizona Department of Housing (ADOH) has published its final 2013 Qualified Allocation Plan (QAP) for the allocation of federal Low Income Housing Tax Credits (LIHTCs).

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.

The Arizona Department of Housing has issued a first draft of its 2013 Qualified Allocation Plan (QAP). Major changes to the QAP include

The Arizona Department of Housing will be hosting a LIHTC compliance training on October 23-24, 2012 in Tuscon, AZ.

The Arizona Department of Housing (ADOH) has scheduled two focus group sessions to collect comments and feedback on the first draft of the 2013 Qualified Allocation Plan (QAP). They will be held at the follow dates and locations:

The Arizona Department of Housing (ADOH) has made a change to its Compliance Training requirements, as outlined in the 2012 Qualified Allocation Plan (QAP), for participants in the LIHTC program.

HUD, the Department of Agriculture Rural Development (USDA-RD) and the Community Development Financial Institutions Fund (CDFI Fund) recently the “Border Community Capital Initiative” (Border Initiative), a collaboration designed to increase access to capital in the U.S./Mexico border region which includes some of the poorest communities in the country.