LIHTC

The Louisiana Housing Corporation (LHC) has begun operating as the State of Louisiana’s new housing finance agency. The new agency consolidates previous activities from the Louisiana Housing Finance Agency and the Office of Community Development, Department of Health and Hospitals, and the Department of Children and Family Services and will be responsible for the administration of the Low-Income Housing Tax Credit program and other state and federal housing and community development programs.

The Colorado Housing Finance Authority (CHFA) is seeking public input for the development of its 2013 Qualified Allocation Plan (QAP) for the allocation of Low Income Housing Tax Credits (LIHTC).

A new GAO report examines public housing agencies and localities’ use of Recovery Act Public Housing Capital Funds, and reports on the progress that PHAs and housing finance agencies have made in spending grant funds.

Baltimore Housing, a collaboration between the Baltimore City Department of Housing and Community Development (HCD) and the Housing Authority of Baltimore City (HABC), has announced the Summer 2012 NOFA funding round for housing and community development projects.

The Massachusetts Department of Housing and Community Development (DHCD) has issued a notice detailing new actions taken to lessen the administrative burdens and improve the application process for the Fall 2012 LIHTC allocation application round.

PowerPoint presentations and conference materials from our 2012 Spring Developers Forum are available for download.

The Virginia Housing Development Authority (VHDA) and the Virginia Department of Community Development (DHCD) are considering submitting an application for federal project-based rent subsidy funding under the Section 811 Demo program.

The Texas Department of Housing and Community Affairs (TDHCA) will host a roundtable discussion on Friday, June 15, 2012 from 9:00 am to 1:00 pm to solicit feedback regarding possible changes to the 2013 Qualified Allocation Plan (QAP), HOME, Multifamily Revenue Bonds, NSP and General rules.

The Massachusetts Department of Revenue (DOR) has released the first-ever Massachusetts Tax Credit Transparency Report.

The California Tax Credit Allocation Committee (CTCAC) recently issued a memo providing additional clarifying guidance for prospective second round applicants.

U.S. Senator Kirsten Gillibrand (D-NY) recently introduced the Irene and Lee Tax Relief Storm Recovery Act (S. 3243) which would expand access to the LIHTC and provide affordable housing to families who lost their homes due to destruction caused by Hurricane Irene and Tropical Storm Lee.

The Texas Department of Housing and Community Affairs (TDHCA) has submitted a remedial plan to address the recent Fair Housing Act (FHA) violations which were brought against the agency earlier this year by Inclusive Communities Project, Inc.