LIHTC

All conference materials, PowerPoint presentations, relevant articles, reports, memos, etc. from the 2014 Spring Developers Forum are available below under the relevant session titles.

Last week, Maryland affordable housing advocates celebrate the success of the Multifamily Rental Housing Programs Efficiency Act (HB 453), legislation that will reduce municipal barriers to rental housing production. Advocates also succeeded in securing $25.73 million for the Rental Housing Works (RHW) program, the highest level of funding for the program in its history.

The U.S. House of Representatives Transportation-HUD (THUD) Appropriations Subcommittee on May 5, 2014 released its draft fiscal year (FY) 2015 appropriations legislation for the Department of Housing and Urban Development (HUD).

QAP Deadlines

Minnesota: Minnesota Housing announced the availability of an estimated $70 million in funding through the 2014 consolidated Request for Proposals (RFP) and $12.5 million in 2015 Housing Tax Credits (Round 1).

Story Update April 30, 2014: This past week, Senate Majority Leader Harry Reid (D-NV), said that he will soon have the Senate vote on the EXPIRE Act. The bill made it out of the Senate Finance Committee with broad bipartisan support on April 3, and industry experts expect it to pass the full Senate with […]

Representative Charles Rangel (D-NY) recently introduced the Renters Tax Credit Act of 2014 (HR 4479), which would provide a tax credit to apartment owners and lenders that subsidize the cost of lower rents for low-income households.

QAP Deadlines Minnesota: Minnesota Housing announced the availability of an estimated $70 million in funding through the 2014 consolidated Request for Proposals (RFP) and $12.5 million in 2015 Housing Tax Credits (Round 1). The application deadline is June 10, 2014 by 5:00 PM.

Senator Charles Schumer (D-NY) recently introduced the National Disaster Tax Relief Act of 2014 (S. 2233), a bill which would increase the Low-Income Housing Tax Credit (LIHTC), New Markets Tax Credit (NMTC), and Historic Rehabilitation Tax Credit (HTC) allocations in states that include a federally declared disaster area in 2012 or 2013.

QAP Drafts & Public Hearings The Iowa Finance Authority is hosting a public forum to provide developers and interested parties an opportunity to provide recommendations for the 2015 Qualified Allocation Plan (QAP) – 4% Tax Credits with Tax-Exempt Bonds on May 5, 2014. The Draft Oregon 2014 QAP is available and you may view the […]

HUD has issued a notices announcing that the mortgage insurance premiums for FHA’s Multifamily, Health Care Facilities and Hospital mortgage insurance programs that have commitments to be issued or reissued in FY-15 will remain the same as in FY-14.  Multifamily programs covered by the notice include:

On Wednesday, January 28, President Obama presented his 2014 State of the Union address to a joint session of Congress, offering several domestic policy proposals focused on expanding opportunity. Noticeably absent from his remarks was how access to safe, decent affordable housing is cornerstone to the expansion of economic and social opportunity…

The Oklahoma Affordable Housing Act (H.B. 3099) recently passed the Oklahoma State House of Representatives by a margin of 75-13, and has now moved to the Senate Finance Committee for consideration….