LIHTC

The public comment period for multiple Texas Department of Housing and Community Affairs (TDHCA) programs including the proposed 2012 Qualified Allocation Plan (QAP) began September 30 and is underway until 5:00 pm October 19, 2011. Public hearings for input on the various programs are scheduled between October 7 and October 17, 2011.

The Montana Board of Housing announced Mary Bair as its new Multifamily Program Manager.

The Ohio Housing Finance Agency has posted the following documents relative to the 2012 Qualified Allocation Plan.

In February 2011, the Hawaii State Legislature passed S.B. No. 1240 which created a mechanism to provide alternative financing assistance to incentivize the use of the State’s low-income housing tax credit program.

The Washington State Housing Finance Commission has released the 2012 Low-Income Housing Tax Credit Program Application Packet.

Governor John Kitzhaber has announced the appointment of Margaret Shephard Van Vliet to fill the position of Oregon Housing and Community Services Director.

The Missouri House of Representatives approved an economic development bill that includes tax credits towards a China trade hub at Lambert-St. Louis International Airport, a corporate income tax reduction from 6.25 percent to 5.5 percent starting in January 2012, and changes to the historic and low-incoming housing tax programs.

The Missouri House of Representatives approved an economic development bill that includes tax credits towards a China trade hub at Lambert-St. Louis International Airport, a corporate income tax reduction from 6.25 percent to 5.5 percent starting in January 2012, and changes to the historic and low-incoming housing tax programs.

U.S. Congressmen Jim McDermott (D-WA), Erik Paulsen (R-MN), and Keith Ellison (D-MN) have introduced a bill that would update the existing tax law to allow formerly homeless young people to pursue a four-year college education and still qualify for Low Income Housing Tax Credits housing units.

The Pennsylvania Housing Finance Agency (PHFA) has provided clarification on utility allowances for 2012 Multifamily Housing Program applicants. The notice does not change the application, rather provides further guidance on acceptable utility allowance submissions.

The Illinois Housing Development Authority (IHDA) released the draft 2012 Qualified Allocation Plan (QAP) that details changes made to the previous year’s plan.

The New York State Homes & Community Renewal (HCR) agency announced 35 award recipients for the State’s competitive Unified Funding (UF) awards program that leverages $78 million in low-interest loans and tax credits to build and preserve over 2,200 units of affordable housing. This unique State program combines the funding rounds of three major development programs that aim to increase the availability of quality affordable housing.