LIHTC

The Maryland Department of Housing & Community Development recently released Multifamily Housing Notice 11-07 which provides an update on the Spring 2011 funding round, and reminds potential applicants about the Round 2 deadline.

The Texas Department of Housing & Community Affairs recently issued a newsletter that provides clarification about utility allowance and gross rent violations for the Housing Tax Credit program. Also contained in the newsletter:

The Utah Housing Corporation (UHC) has released a draft version of its 2012 Qualified Allocation Plan. The draft QAP makes minor changes to the low-income housing tax credit program for 2012.

Leaders of the Missouri State House and Senate reached an agreement this week concerning a $1.5 billion economic development and tax credit reform package and Governor Jay Nixon said he will call the legislature back for a special session later this year to consider the package.

The Utah Housing Corporation (UHC) has released a draft version of its 2012 Qualified Allocation Plan .

Leaders of the Missouri State House and Senate reached an agreement this week concerning a $1.5 billion economic development and tax credit reform package and Governor Jay Nixon said he will call the legislature back for a special session later this year to consider the package.

The Ohio Housing Finance Agency has released the newest revision to their 2012 QAP Draft and relevant attachments.

The Pennsylvania Housing Finance Agency (PHFA) has released a draft of its 2012 Qualified Allocation Plan for administering the federal Low-Income Housing Tax Credit (LIHTC) program in the state.

The Internal Revenue Service (IRS) recently issued two separate notices that grant certain low-income housing tax credit (LIHTC) properties relief from specified Section 42 requirements in the wake devastation caused by flooding in North Dakota and Indiana.

The California Tax Credit Allocation Committee (TCAC) will be holding forums throughout the state to discuss the issue of cost containment associated with developing affordable housing.

The Internal Revenue Service (IRS) is requesting comments on Form 8823, Low-Income Housing Credit Agencies Report of Noncompliance or Building Disposition.

Nebraska Investment Finance Authority (NIFA) is spearheading the National Affordable Housing Equality Initiative (NAHE) to raise awareness about the problems caused by outdated restrictions in the Low Income Housing Tax Credit program.