LIHTC

The Illinois Housing Development Authority will hold a series of three public hearings to discuss and solicit questions with regards to IHDA’s 2010 Qualified Allocation Plan (QAP) and Low-Income Housing Tax Credit (LIHTC) Program application process.

The Delaware State Housing Authority (DSHA) recently announced that Governor Markell has signed the 2010 Low-Income Housing Tax Credit (LIHTC) Qualified Allocation Plan (QAP) effective January 8, 2010.

Cris White, Chief Operating Officer, has been appointed Interim Executive Director of the Colorado Housing and Finance Authority (CHFA) by the Authority’s Board of Directors, effective January 1, 2010, upon the retirement of Roy Alexander.

The Harvard Joint Center, with help from the What Works Collaborative, has published a new report entitled, “The Disruption of the Low-Income Housing Tax Credit Program: Causes, Consequences, Responses, and Proposed Correctives.”

While tax credit equity remains the biggest industry concern, debt financing is also elusive for many developers. 2010 promises to be a challenging year–originations are down, underwriting standards are only becoming stricter and, with then end of the TCAP program and declining state budgets, gap financing will become even more difficult to obtain. NH&RA can help!

Arizona is seeking comments on its 2010 QAP. Included in the QAP package are ADOH’s Market Study Guidelines.

Virginia Housing Development Authority has published updated 2010 LIHTC reference documents including its 2010 Low-Income Housing Tax Credit Manual as well as market study requirements.

Kentucky Housing Corporation has released a revised 2010 Qualified Action Plan (QAP) and Rental Guidelines are now available for review and public comment.

The North Dakota Industrial Commission has approved the 2010 Low Income Housing Tax Credit Qualified Allocation Plan (QAP).

Deborah VanAmerongen, commissioner of the New York State Division of Housing and Community Renewal, is resigning effective Jan. 15, 2010.  VanAmerongen has served at the agency’s top post since 2007 and was a frequent speaker at NH&RA events.  VanAmerongen will join the law firm Nixon Peabody LLP as an advisor.

Governor Chet Culver recently announced Bret Mills as his choice for the new Director of Iowa’s Department of Economic Development (DED).

The Washington Housing Finance Commission recently released materials for its 2010 low-income housing tax credit funding round, including the 2010 Qualified Allocation Plan (QAP).