LIHTC

The Arizona Department of Housing (ADOH) has issued clarifications to the state’s 2012 Qualified Allocation Plan (QAP).

On February 1, the Indiana State Senate adopted Senate Bill 344, which requires county assessors to include the value of the federal low-income housing tax credit (LIHTC) in the assessed value of tax credit properties.

The New Hampshire Housing Finance Authority (NHHFA) recently published a report that highlights the impact of low-income housing tax credits on New Hampshire communities.

The California Tax Credit Allocation Committee (CTCAC) has released application materials and attachments for the 2012 9% competitive, 4% competitive and 4% tax-exempt bond application rounds.

The Iowa Finance Authority (IFA) has released its Qualified Allocation Plan (QAP) and supporting LIHTC program documents for the 2012 tax credit program.

Ohio Housing Finance Agency has updated its Environmental Review Standards for multifamily projects receiving federal HOME funds in Fiscal Years 2012 and 2013.

The IRS recently issued Notice 2012-18 to clarify rules relating to compliance monitoring and physical inspection requirements under the Rental Policy Working Group’s (RPWG) Physical Inspections Pilot Program. This program hopes to achieve a more coordinated effort for conducting physical inspections at properties that benefit from multiple sources of Federal funding with different inspection protocol

California’s Tax Credit Allocation Committee yesterday released two regulation changes proposed for Committee consideration. CTCAC staff will conduct a public hearing on February 22 in Sacramento, CA.

The California Tax Credit Allocation Committee (CTCAC) will host four half day LIHTC training workshops to go over 2012 LIHTC application submissions.

The Wisconsin Housing & Economic Development Authority (WHEDA) has released a summary of changes to the 2012 LIHTC cycle made by the Emerging Business Program.

The Ohio Housing Finance Agency (OHFA) has released a new Frequently Asked Questions document regarding the Application Review Process for the 2012 Housing Credit Program.

President Obama will release his administration’s FY-2013 budget proposal on Monday, February 13. In addition to proposing funding levels for critical affordable housing programs like Section 8 and HOME, the budget typically provides insight into administration policy proposals for the upcoming year.