Idaho

Approximately $622,500 will be made available during the second round of LIHTC funding.

Read on to see the available funds.

Idaho Housing and Finance Association has updated its Low Income Housing Tax Credit Cost Limits as well as worksheets for New Construction and Acquisition Rehab costs which can be found under the LIHTC section of the IHFA website.

Idaho Housing and Finance Association’s Multifamily Finance Department will conduct a Developer Forum to discuss the Low-Income Housing Tax Credit Qualified Allocation Plan prior to a formal hearing. IHFA will host the meeting at its office on Friday, June 3 from 9:30am to 11:30am MST.

The two partners are calling for a team of service providers to work with a development team to build approximately 25 housing first units in the community. IHFA has up to $5.75 million in Low Income Housing Tax Credits available under its special housing needs set aside to fund the project. The City of Boise will contribute up to $1 million in one-time money to augment acquisition and construction costs for the winning proposal.

IHFA will accept applications for 2016 LIHTCs through 5:00 p.m. on Friday, February 12. During this Application Period, approximately $1,014,000 in non-targeted annual tax credits will be available for reservation and open to competition from all developments.

IHFA clarifies the federal funding programs and government assistance for which developments can earn points.

The Idaho Housing and Finance Association posted an updated draft of the 2016 QAP to its website. This draft will be presented to the IHFA Board of Commissioners for approval.

Idaho Housing Finance Agency released per unit cost limits for develop projects seeking an allocation of Low Income Housing Tax Credits.

Idaho Housing and Finance Association posted the 2016 LIHTC QAP for review. A Public Hearing has been scheduled to allow developers the opportunity to provide comment on November 5th at 9:30 a.m.

The Internal Revenue Service divided $2.59 million in unused Low Income Housing Tax Credits from calendar year 2015 among 30 states.

Idaho Housing and Finance Association announced the first application period for 2016 Low-Income Housing Tax Credit is now open. Applications will be accepted until 5:00 p.m. on September 4.