LIHTC

The Delaware State Housing Authority has issued a notice of guidance related to the housing stimulus provisions contained in HR 1: The American Recovery and Reinvestment Act.

The following is an excerpt from February 15, 2009 HUD Press Release

WASHINGTON ““ The U.S. Department of Housing and Urban Development (HUD) today allocated nearly 75 percent of its funding, or $10.1 billion, made available through the American Recovery and Reinvestment Act of 2009. The Recovery Act includes $13.61 billion for projects and programs administered by HUD, 75 percent of which was allocated to recipients today ““ only one week after President Obama signed the Act into law.

Please see the following summary of key provisions from the conference report of HR 1: The American Recovery and Reinvestment Act. The House of Representatives and Senate voted in favor of the measure and President Obama signed the measure into law Tuesday, Feb. 17.

NH&RA has made available individual PowerPoint presentations from the recent 2009 Annual Meeting & NMTC Symposium, March 11-15 in Key Largo, Florida.

Minnesota Housing has issued a notice outlining proposed revisions to its qualified allocation plan (QAP) and procedural manual for its 2010 low-income housing tax credit program.

The California Tax Credit Allocation Committee (TCAC) and the California Debt Limit Allocation Committee (DLAC) have published joint market study guidelines for their 2009 low-income housing tax credit and tax-exempt bond allocation programs.

The California Tax Credit Allocation Committee (TCAC) has rescheduled its application workshops for its 2009 low-income housing tax credit program in order to draft changes to modify its qualified allocation plan in responses to provisions of the American Recovery and Reinvestment Act.

The District of Columbia Department of Housing and Community Development has released its new qualified allocation plan (QAP) for its low-income housing tax credit program.

A bill (SB 199) has been introduced in the Oregon state legislature that would increase by $4 million the cap on the amount of Oregon Affordable Housing Tax Credits that may be outstanding in any fiscal year, from $17 million to $21 million.

The California Tax Credit Allocation Committee (CTCAC) has postponed from April 6 its first-round application deadline for its low-income housing tax credit program, as well as associated application workshops.

The Illinois Housing Development Authority is soliciting applications for roughly $9.7 million in low-income housing tax credits for projects available only for projects in 18 designated disaster counties within the state. Applications must be submitted on April 6.

The Ohio Housing Finance Agency (OHFA) has released draft guidelines for 2009 for its Housing Development Loan Program.