LIHTC

Tennessee Housing Development Agency (THDA) will host a Public Hearing for the 2014 Tennessee LIHTC QAP on August 29, 2013 from 10:00 am to 11:00 am

The Colorado Housing Finance Authority will hold two public hearings to receive input from the public to develop the 2014 Colorado QAP.

New York State Homes and Community Renewal (HCR) released its proposed 2013/14 Qualified Allocation Plan (QAP) for the federal and state Low-Income Housing Tax Credit Programs. They have also announced a series of public hearings to solicit comments on the two plans.

Senators Maria Cantwell (D-WA) and John Barrasso (R-WY) recently introduced the Native American Housing Assistance and Self-Determination Reauthorization Act of 2013 (S. 1352), which among other provisions, would increase low-income housing tax credit (LIHTC) incentives for developments serving Native American communities.

On Tuesday, August 6, President Obama delivered a speech in Phoenix, Arizona detailing his plan for promoting a strong and stable housing market. The speech addressed several core principles but mainly focused on balancing housing policy to support both sustainable homeownership options and affordable rental opportunities.

North Dakota Housing Finance Authority (NDHFA) staff is in the process of developing a Draft 2014 Qualified Allocation Plan to be used in the administration of the Low Income Housing Tax Credit Program. If you have suggestions for changes to the existing plan, please provide your written comments by August 20, 2013. A draft 2014 Qualified Allocation Plan is expected to be ready for public comment by October 22, 2013.

NH&RA was please to welcome over 100 participants at the 2013 Summer Institute. All conference materials, Power Point presentations, relevant articles, reports, memos, etc. are available for download.

Florida Housing Finance Corporation will host a Housing Credit Allocation Process Workshop on July 30, 2013 at 1:00PM to solicit public comments concerning the distribution of the 2014 housing credits. Topics include proximity requirements in scoring, limited development areas, housing credit request amount tests, total development cost limitations, funding selection based off of county size, the 2014 QAP, and other discussions.

Nebraska Investment Finance Authority (NIFA) will hold a Focus Group Meeting to gather comments in preparation of creating the 2014 Qualified Allocation Plan.

Minnesota Housing is developing its annual Action Plan for 2014. The draft Action Plan will be available beginning August 13, 2013 at http://www.mnhousing.gov.

After ten years of serving as the Commissioner of the Department of Community Affairs (DCA) in Georgia, Mike Beatty is moving on to become the President and CEO of Georgia’s Great Promise Partnership, Inc., a nonprofit offering a unique workforce development opportunity for Georgia. Beatty was appointed to serve as Commissioner of DCA in June 2003 by Governor Sonny Perdue and was reappointed by Governor Nathan Deal in January 2011.

Governor Steve Beshear (Democrat) recently approved of the 2014 Kentucky Qualified Allocation Plan (QAP). There were a few minor revisions from the QAP drafts and Guidelines that are highlighted in yellow on the final version, including certain appraiser standards if Housing Credit exeeds $250,000. The total amount of Housing Credit expected to be available to Kentucky for 2014 is estimated to be approximately $9,500,000.