Connecticut

Collection of State Housing Finance Agency from across the nation for the week of October 27.

The CHFA Board approved the 2014 Connecticut QAP. Applications are due on November 3, 2014. A workshop will be held on September 30 to discuss the 2014 funding process.

The Internal Revenue Service (IRS) published that $2.59 million of unused LIHTCs carryovers for calendar year 2014 will be allocated to 35 qualified states and Puerto Rico.

The CHFA Board approved the 2014 Connecticut QAP. Applications are due on November 3, 2014. A workshop will be held on September 30 to discuss the 2014 funding process.

A Public Hearing will be held at the CHFA Offices at Wednesday, August 27, 2014 to discuss the proposed amendments to the Draft 2014 QAP.

A Public Hearing will be held at the CHFA Offices at Wednesday, August 27, 2014 to discuss the proposed amendments to the Draft 2014 QAP.

The CHFA Board approved the 2014 Connecticut QAP, pending further amendments. Currently, CHFA is requesting comments on the proposed amendments, which are due on August 8. Additionally, CHFA released the Schedule of Competitive Multifamily Funding Rounds. Currently, the deadline to apply for 9% LIHTCs is November 3, 2014.

State Senator Elder A. Vogel Jr. (R-47th District) and a bipartisan group of Pennsylvania State Senators sponsored a bill to expand the Pennsylvania Housing Affordability and Rehabilitation Enhancement Fund, commonly known as the State Housing Trust Fund….

The CHFA Board approved the 2014 Connecticut QAP, pending further amendments. Currently, CHFA is requesting comments on the proposed amendments, which are due on August 8. Additionally, CHFA released the Schedule of Competitive Multifamily Funding Rounds. Currently, the deadline to apply for 9% LIHTCs is November 3, 2014.

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.

HUD recently announced that the agency will provide a second round of recovery funds to five states and New York City affected by last year’s Hurricane Sandy through the Community Development Block Grant (CDBG) program. These recovery funds are to be used to assist impacted communities to meet remaining housing, economic development and infrastructure needs.

Multifamily housing developers, community organizations, investors, and lenders interested in affordable rental housing in New England have a new resource available that provides a comprehensive overview of current opportunities. A special report entitled “A Variety of Approaches: New England State Agencies Differ in Needs, Priorities in Their Housing Credit Programs” reviews recent and current tax credit allocation activity, project trends, and state priorities in the New England states ““Connecticut, New Hampshire, Maine, Massachusetts, Rhode Island, and Vermont.