LIHTC

Louisiana Housing Finance Agency has released frequently asked questions with regards to its 2012 online LIHTC application process.

Maryland’s Department of Housing & Community Development (DHCD) recently issued Multifamily Housing Notice 11-06 which makes several announcements and reminders for multifamily developers.

California’s Tax Credit Allocation Committee (TCAC) has issued a memorandum that provides guidance for second round applicants regarding final tiebreaker scoring.

In anticipation of issuing the draft 2012 Low Income Housing Tax Credit Allocation Plan, the Pennsylvania Housing Finance Agency is seeking input from its housing partners on the proposed plan.

The Nevada Housing Division now requires all LIHTC properties (including TCAP / 1602) to refer to the NOVOCO web site and utilize their income and rent calculator.

The California Tax Credit Allocation Committee recently released new guidance for first round applicants who are re-applying in the second round for 2011 low-income housing tax credits, as well as additional guidance for all second round applicants.

The Louisiana Housing Finance Agency has published seven “Frequently Asked Questions” regarding the 2011-2012 per capita tax credits funding round.

Wisconsin Housing and Economic Development Authority (WHEDA) Executive Director Wyman Winston has announced that WHEDA will be holding a special round of competitive Low Income Housing Tax Credits (LIHTC) to help address immediate housing needs in the City of Marinette.

The Montana Board of Housing has announced a second 2011 LIHTC round with $118,913 in available credits.

The Virginia Housing Development Authority will hold its LIHTC 2012 QAP Forum on June 23 in Richmond.

On June 15 Senators Richard Shelby (R-Ala.) has introduced legislation to provide relief to states that suffered damage by the series of tornadoes and flooding that have struck the south east.

The IRS has issued an administrative notice (Notice 2011-47) that suspends certain requirements under section 42 of the Internal Revenue Code for certain low-income housing credit properties in the United States as a result of the devastation caused by severe storms, tornadoes, and flooding in Missouri beginning on April 19, 2011.