LIHTC

Minnesota Housing has announced changes and new timeline for the Agency’s requests for proposals.

The Indiana Housing & Community Development Authority has published draft policies and procedures for implementing the provisions in the American Recovery and Reinvestment Act (ARRA) establishing the new Tax Credit Assistance Program and low-income housing tax credit exchange program.

National Council of Affordable Housing Market Analysts recently convened its Spring Public Policy & Market Study Forum April 6-7 in Washington DC. This year’s innovative program featured a very informative Washington & Public Policy Update. The panelists explored critical topics including the American Recovery & Reinvestment Act, congressional legislative priorities, personnel and regulatory changes at HUD and in the Obama Administration and much, much, more…You can now preview the session on our YouTube Channel or our our website…

The California Tax Credit Allocation Committee (TCAC) yesterday (April 16) issued a memo in response to public comments received on its proposed regulation changes related to the American Recovery and Reinvestment Act (ARRA). TCAC has considered all the comments and has finalized its recommendations to the Committee for adoption on April 30, 2009.

Today the Ohio Housing Finance Agency Board approved the final draft of the implementation plan for the new programs provided by the American Recovery and Reinvestment Act (ARRA).

A coalition of six housing industry groups has submitted a letter to the U.S. Treasury Department requesting guidance on the low-income housing tax credit exchange initiative established by the American Recovery and Reinvestment Act.

The IRS has issued published revised population estimates for the 50 states, the District of Columbia, and certain other jurisdictions to be used to compute their annual volume limits for calendar 2009 for per capital low-income housing tax credits and for tax-exempt private activity bonds.

The Tennessee Housing Development Agency has published its initial application and instructions for the 2009 low-income housing tax credit program.

Grant S. Whitaker has replaced the retiring William Erickson as Chief Executive Officer of Utah Housing Corporation.

The state of Wyoming recently launched a new website that offers the public information about the impact of the American Recovery and Reinvestment Act (ARRA), and specifically how it will affect programs in Wyoming.

Beginning Friday, April 3, 2009 through Friday, April 24, 2009, initial public comments will be accepted on the Arizona Department of Housings First Draft 2009 QAP. The proposed 2009 QAP is predominantly the same as the 2008 QAP as modified by the additional underwriting requirements described in the 2008 Resubmittal Allocation Round Notice with several notable changes.

California Tax Credit Allocation Committee has issued a memo regarding its single 2009 funding round for 9% tax credits. CTCAC staff has proposed a regulatory scheme that would allow competitive Credit Ceiling (9%) reservation recipients 45 days following preliminary reservation to obtain an equity partner Letter of Intent. If applicants were unsuccessful in obtaining an equity partner, they could return their 9% credits and compete for cash in lieu of credits.