LIHTC

The New Mexico Mortgage Finance Authority will hold a training seminar for potential applicants in the 2011 low-income housing tax credit funding round on November 3 in Albuquerque.

The Wisconsin Housing and Economic Development Authority (WHEDA) has released its draft 2011 Qualified Allocation Plan (QAP) and a self-scoring exhibit for its low-income housing tax credit program.

The Washington State Housing Finance Commission recently posted a memo that provides a status report on possible changes to its 2011 low-income housing tax credit policy.

The California Tax Credit Allocation Committee (CTCAC) has issued a memorandum to low-income housing tax credit property owners and managers announcing new policy changes for its 2010 compliance monitoring program.

The Arkansas Development Finance Authority (ADFA) has adopted emergency rules for projects funded by the Tax Credit Assistance Program (TCAP) and Section 1602 Exchange Program, effective immediately.

The United State’s Senate has issued a substitute amendment for HR 4213, “American Jobs and Closing Tax Loopholes Act of 2010.”Â The Senate is currently scheduled to debate HR 4213 this week. Most of the housing related provisions from the House version remain unchanged, with the exception of a change to the taxation of carried interest provisions. Major features of the amendment include…

National Housing & Rehabilitation Association is pleased to announce that it has released all PowerPoint slide presentations from the 2010 Summer Institute & Pre-Conference Symposium on New Markets Tax Credits.

On July 13, Brian Lawlor, Commissioner of DHCR and CEO of “nyhomes,” met with senior staff from both agencies and housing advocates from Long Island at the first of several roundtables to discuss opportunities and goals for the integration of nyhomes and DHCR.

In 2009, the State of Louisiana received approximately $39,383,397 in TCAP funds from HUD. The Agency has allocated nearly $36 million, with approximately $3 million of TCAP funding remaining due to developers returning previously allocated funds.

The Wisconsin Housing and Economic Development Authority has released memo that states it cannot guarantee gap funding for 2010 competitive low-income housing tax credit projects.

Colorado Housing and Finance Authority (CHFA) has promoted Steve Johnson to director of commercial lending. In his new role, Steve will lead CHFA’s multifamily lending, Low Income Housing Tax Credit (LIHTC) allocation, and small business lending teams.

The Internal Revenue Service (IRS) has invited comments from the public on existing regulations concerning the Low-Income Housing Tax Credit (LIHTC) program.