LIHTC

The Arizona Department of Housing has released a notice that summarizes proposed changes to the July 2008 IRS ruling that amends utility allowance regulations for the low-income housing tax credit (LIHTC) program.

The Louisiana Housing Finance Agency has scheduled a public hearing to receive comments on an amendment to its 2009 qualified allocation plan (QAP).

The South Carolina State Housing Finance and Development Authority has incorporated the National Council of Affordable Housing Market Analysts Market into its 2009 QAP package.

The Arkansas Development Finance Authority has issued a letter that places priority on existing developments that previously received low-income housing tax credit allocations, but have not successfully closed or been placed-in-service because of the market conditions.

The Alabama Housing Finance Authority will accept applications for its 2009 HOME/Low-Income Housing Tax Credit programs the week of March 9-13.

The New York Division of Housing & Community Renewal (DHCR) in partnership with the New York State Association for Affordable Housing and other development community partners will be creating a new Upstate Equity Fund to encourage banks to invest in low-income housing tax credit projects within their communities.

The Kentucky Housing Corporation has scheduled a public hearing and developers’ forum for January 20 in Frankfort.

Alabama has scheduled HOME & Housing Credit 2009 Application Workshops on February 8 in Montgomery.

The Alabama Housing Finance Authority recently published a final qualified allocation plan (QAP) for its 2009 low-income housing tax credit program. 

The Colorado Housing and Finance Authority has released its final 2009 QAP and application for its low-income housing tax credit program.

In a new paper commissioned by the Massachusetts Housing Partnership (MHP, www.mhp.net), based on a survey of stakeholders in Massachusetts and other states, the firm Recap Advisors recommends 10 strategic steps that state housing credit agencies should take to most effectively allocate their 2009 low-income housing tax credits in the current troubled LIHTC equity environment.

The Kansas Housing Resources Corporation has issued its revised application and qualified allocation plan (QAP) for its 2009 low-income housing tax credit program.