LIHTC

The Tennessee Housing Development Agency (THDA) Board of Directors approved several changes to its 2019-2020 Qualified Allocation Plan (QAP) as well as its 2018 QAP. The amendment to the 2018 QAP allows LIHTC recipients that do not request a 2018 exchange allocation to request approval for income averaging. If approved, the right to a qualified contract is waived and a compliance fee of $1,200 per LIHTC unit must be paid. The Board also approved four changes to the 2019-2020 QAP:

The Idaho Housing and Finance Association (IHFA) will hold a public hearing in its main floor conference at 565 W. Myrtle, Boise, ID. on Thursday, Feb. 12 beginning at 9:30 am MT to discuss proposed amendments to its Low Income Housing Tax Credit (LIHTC) Qualified Allocation Plan (QAP).

The New Mexico Mortgage Finance Authority made the following changes to the 2019 LIHTC application package: updated the 2019 Universal Rental Schedules A-I added the Waiver Procedure for Design Requirements document added a Certificate of Qualified Professional (CNA) document updated the 2019 Tax Credit Application Checklist to include the Waiver and CNA documents. The changes […]

The California Tac Credit Allocation Committee (TCAC) updated attachments 4(A), 4(B), 4(C), 4(D), and 24 to fix form field errors. TCAC also released the presentation materials from its 2019 Low Income Housing Tax Credit (LIHTC) Application Workshops.

The Illinois Housing Development Authority (IHDA) opened its 2019 Low Income Housing Tax Credit (LIHTC) multifamily application portal for all approved Preliminary Project Assessments. The deadline for submitting an application is Feb. 15, 2019 by 5 p.m. CT.

The Oregon Housing and Community Services (OHCS) released Notices of Funding Availability (NOFA) for the development and preservation of affordable rental through the HOME Investment Partnership program (NOFA #5003) and the 9% Low Income Housing Tax Credit (NOFA #5002). Applicants for both NOFAs must schedule a required site visit. To initiate scheduling the required site […]

Applications for the March 20, 2019 California Tax Credit Allocation Committee (TCAC) meeting are due Jan. 18, 2019.

The California Tax Credit Allocation Committee (TCAC) sent an email to remind 4% non-competitive applicants that those applications no longer require a Local Reviewing Agency (LRA) evaluation. The TCAC application fee is now $1,000. TCAC asks applications to not send TCAC applications to the LRA.

The Oklahoma Housing Finance Agency (OHFA) is hosting a Multi-Family Bond & 4% Tax Credit workshop on Jan. 30 from 3-4:30 pm, CST at its office (100 Northwest 63rd Street Will Rogers Conference Room Oklahoma City, OK 73116). The training is free, but seating is limited, and registration is required.

The Arizona Department of Housing is offering three upcoming worshops on the Low Income Housing Tax Credit (LIHTC). The first workshop will focus on the LIHTC application process on Jan. 23 from 9 am – 3 pm at the Desert Willow Conference Center in Phoenix. On Feb. 4 and 5 they will offer the LIHTC […]

The Multifamily Programs office of the Tennessee Housing Development Agency (THDA) sent an email providing several updates on its activities. THDA has yet to publish its 2019 Multifamily Tax-Exempt Bond Authority (MTBA) and Competitive Low Income Housing Tax Credit applications but wrote that they are under development and should be available soon.  

Minnesota Housing published guidance for the use of income averaging with Low Income Housing Tax Credit (LIHTC) properties. Eligible properties include new LIHTC applications beginning with Round 2 of Minnesota Housing’s 2019 LIHTC Program and previously selected LIHTC projects that have not yet filed Form 8609 with the IRS.