LIHTC

Utah Governor Gary Herber recently signed into law H.B. 75, originally introduced by Utah State Representative Jack R. Draxler (R), which will make changes to property tax provisions related to low-income housing.

In response to the recent severe storms and tornadoes that touched down in March in Kentucky, the Kentucky Housing Corporation (KHC) has extended the application due date for the 2013 Low Income Housing Tax Credit funding round to allow developers additional time to submit applications to address the housing needs in the affected areas.

The Internal Revenue Service (IRS) has issued its 2012 population figures to be used in calculating state housing credit ceilings, volume caps and volume limits in 2012.

HUD’s Office of Policy Development & Research recently released its Quarterly Housing Market and Research Update, which includes a webcast panel discussion entitled, “Fair Housing Implications of LIHTC Property Placement.”

Last week, the Dallas Federal District Court ruled in favor of the plaintiff in a lawsuit that challenged the Texas Department of Housing and Community Affairs’ (TDHCA) allocation of low-income housing tax credits (LIHTCs) in the Dallas metropolitan area.

The Louisiana Housing Finance Agency (LHFA) has rescheduled its public hearing to address proposed changes to the 2013 Qualified Allocation Plan for administering the low-income housing tax credit.

The Internal Revenue Service (IRS) today released its 2012 Calendar Year Resident Population Estimates.

The U.S. House of Representatives Ways and Means Committee Chairman Dave Camp (R-MI) and Select Revenue Measures Subcommittee Chairman Pat Tiberi (R-OH) recently announced they will begin holding hearings on tax extenders in April.

A public hearing will be conducted concerning the Connecticut Housing Finance Authority’s intent to adopt amendments to its 2012 Qualified Allocation Plan (QAP) and Low-Income Housing Tax Credit Procedures(LIHTC) for the administration of the Federal Low-Income Housing Tax Credit Program.

The Louisiana Housing Finance Agency (LHFA) has released a draft version of its proposed Qualified Allocation Plan (QAP) and selection criteria for the 2013 LIHTC allocation round.

The Ohio Housing Finance Agency’s (OHFA) recently announced the launch of a collaborative study with USDA RD, HUD and The Ohio State University’s College of Public Health to examine the impact of a proposed policy change to reduce the frequency of physical inspections for affordable housing units receiving multiple funding sources.

A public hearing will be held at 1:30 pm on Thursday, March 29, 2012, at the New Hampshire Housing Finance Authority (NHHFA), 32 Constitution Drive, Bedford NH, in order to receive comments on the draft 2013 Qualified Allocation Plan (QAP) for the Low Income Housing Tax Credit Program (LIHTC) and the HOME Rental Housing Production Program Rules.