LIHTC

The Kentucky Housing Corporation (KHC) is soliciting comments by May 28 on draft guidelines for the agency’s implementation of the Tax Credit Exchange and credit exchange programs, the two new funding sources authorized by the American Recovery and Reinvestment Act.

The DC Department of Housing and Community Development (DHCD) has issued a memo of guidance for its Tax Credit Exchange program provided through the American Recovery and Reinvestment Act.

The South Carolina State Housing Finance and Development Authority has published its draft implementation plan for the Tax Credit Assistance Program (TCAP).

The North Carolina Housing Finance Agency has published its draft project selection process and criteria for the Tax Credit Exchange and Tax Credit Assistance Programs under the American Recovery and Reinvestment Act.

Oregon Housing and Community Services has published its draft implementation plan for the Section 1602 (Exchange) and Tax Credit Assistance (TCAP) programs.

The Minnesota Housing Finance Agency recently published its selection process and criteria for eligible projects applying for funding through the Tax Credit Exchange and Tax Credit Assistance (TCAP) Programs.

The Nebraska Investment Finance Agency has made available the selection criteria for its Tax Credit Assistance Program (TCAP) provided through the American Recovery and Reinvestment Act.

The Texas Department of Housing and Community Affairs has published its draft implantation plan for the Tax Credit Assistance Program (TCAP) provided through the American Recovery and Reinvestment Act.

The Wisconsin Housing and Economic Development Authority has published guidance on the deployment of housing assistance funds provided by the Tax Credit Exchange and Tax Credit Assistance (TCAP) programs under the American Recovery and Reinvestment Act.

The Arizona Department of Housing has published its revised draft qualified allocation plan for the 2009 low-income housing tax credit program.

The Arizona Department of Housing has published and is accepting public comments on its draft application for Tax Credit Assistance Program (TCAP) funding under the American Recovery and Reinvestment Act.

In a letter dated May 11, 2009, California State Treasurer Bill Lockyer sent a letter to key staff at the Department of the Treasury, HUD and the IRS expressing concerns about the recent Application and Terms and Conditions guidance for the implementation of Section 1602 (the Exchange Program) of the American Recovery and Reinvestment Act (ARRA).