LIHTC

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).

NH&RA will continue to update the ARRA resource page below as information is made available.

The National Housing & Rehabilitation Association has made available the PowerPoint presentations displayed during the recent 2009 Spring Developers Forum: A Time of Opportunity, held May 11-12, 2009 at the Hyatt Regency Century Plaza in Los Angeles, California.

Today, the U.S. Department of Housing and Urban Development released Notice H 09-02, which provides guidance on the Green Retrofit Program for Multifamily Housing (GRP), created under the American Recovery and Reinvestment Act. The notice provides details on program implementation, the application process, eligible projects and the approval and allocation process.

The Virginia Housing Development Authority LIHTC Program Director Jim Chandler has issued the authority’s third notice of program updates for applicants seeking 2009 low-income housing tax credits.

The California Tax Credit Allocation Committee (TCAC) has made available its application for cash in lieu of tax credits under the Tax Credit Exchange program, created by the American Recovery and Reinvestment Act.

The Alabama Housing Finance Authority (AHFA) is accepting public comments by May 20 with regards to the proposed allocation plans for the TCAP and Tax Credit Exchange programs under the American Recovery and Reinvestment Act.

Maryland’s Department of Housing & Community Development (DHCD) recently issued a notice of guidance with respect to the Tax Credit Exchange Program (TCAP) and the Tax Credit Monetization (Exchange) provisions of the American Recovery and Reinvestment Act.

National Council of Affordable Housing Market Analysts recently convened its Spring Public Policy & Market Study Forum April 6-7 in Washington DC. This featured sessions explored the root causes of troubled properties and common sense solutions to help get them back on their feet.

HUD has issued a notice setting forth the submission requirements, eligible uses of funds, and program requirements for the Tax Credit Assistance Program (TCAP).