Georgia

NOTE: The following article is reprinted with permission and will appear in the May 2014 issue of Tax Credit Advisor. More than 120 enthusiastic energy- and cost-concerned representatives from  a variety of affordable housing companies and organizations filled a conference room in a building adjacent to Philadelphia’s 30th Street Station on April 3 for a […]

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.

After ten years of serving as the Commissioner of the Department of Community Affairs (DCA) in Georgia, Mike Beatty is moving on to become the President and CEO of Georgia’s Great Promise Partnership, Inc., a nonprofit offering a unique workforce development opportunity for Georgia. Beatty was appointed to serve as Commissioner of DCA in June 2003 by Governor Sonny Perdue and was reappointed by Governor Nathan Deal in January 2011.

The Georgia Georgia Department of Community Affairs Department of Housing Finance & Development (DCA) recently posted the 2013 Approved Market Analyst list.

The Georgia General Assembly recently introduced the Georgia Prosperity Through Preservation Act (HB 308), which relates to modifying the state’s Historic Rehabilitation Tax Credit program.

The Georgia Department of Community Affairs (DCA) has released a final version of its 2013 Qualified Allocation Plan for the allocation of federal and state Low-Income Housing Tax Credits as well as HOME funds.

The Georgia Department of Community Affairs (DCA) Office of Affordable Housing (OAH) has released a draft version of its 2013 Qualified Allocation Plan (QAP), as well as draft appendices for its threshold criteria and competitive scoring criteria.

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.

HUD’s Economic and Market Analysis Division regularly publishes Comprehensive Housing Market Analysis reports for regions across the country.

The Georgia Department of Community Affairs (DCA) Office of Affordable Housing has published the following documents for use in preparing applications in the 2012 OAH Funding Round.