LIHTC

NH&RA has also been meeting with HUD officials to discuss forthcoming changes to underwriting standards, lender qualifications, and other areas in the FHA multifamily mortgage insurance programs to assure that the reforms encourage rather than deter FHA financing of affordable rental housing projects in a timely and cost-effective manner.

The Louisiana Housing Finance Agency recently announced that it is seeking proposals from applicants to be placed into a pool of Market Analysts to provide individual market studies for projects to qualify for Low-Income Housing Tax Credits (LIHTC) in the State of Louisiana.

The U.S. Department of Housing and Urban Development (HUD) recently issued a notice that invites comments from the public on a proposed study that examines what happens to LIHTC properties after the first 15 years, when the original use restrictions for properties that received tax credit allocat ions before 1990 expired, and when some tax credit properties funded after that date also were able to leave the program.

Over the past several days NH&RA has met with several key House and Senate staffers on the tax writing, banking/financial services and appropriations committees to discuss critical legislation impacting affordable housing, historic rehabilitation and New Markets Tax Credit development.

The recently launched TaxInvestments.com is an online marketplace in the tax credit industry dedicated connecting buyers and sellers of trade-able tax credits. The website allows users to list and search any type of trade-able tax credit by name, address, tax credit amounts, tax credit delivery dates, tax credit types or any combination thereof.

The Montana Housing Division recently made available a draft of its 2011 qualified allocation plan (QAP) for the low-income housing tax credit program.

The Indiana Housing & Community Development Authority has announced that it will host an open roundtable discussion on Wednesday, May 12 to solicit comments, ideas, or views from the public related to the up-coming 2011 QAP.

The Draft 2011 Qualified Allocation Plan and related documents have been posted to the MSHDA web site. MSHDA will hold three Public Hearings on May 18, 2010 to take comments on the Draft 2011 Qualified Allocation Plan.

National Council of Affordable Housing Market Analysts (NCAHMA) is please to offer FIVE digital audio recordings of select panel sessions held during its 2010 Spring Underwriting Forum, April 7-8 in New Orleans.

The Arkansas Development Finance Authority (ADFA) recently issued a memo to potential 2010 applicants for Section 1602 Exchange funds that describes several new requirements for all applicants. The memo also describes the process by which ADFA will identify eligible applications for Exchange funds after the applications are received.

The Tennessee Housing Development Authority (THDCA) has established a Special Tax Credit Committee under the THDA Board to examine the Low-Income Housing Tax Credit Program and make recommendations to the Board regarding the program and subsequent year qualified allocation plans (QAP).

On March 24 the U.S. House of Representatives passed a $16.8 billion package of tax incentives (HR 4849) for state and local governments and small businesses, the second measure in the Democrats’ “jobs agenda” to pass the chamber this month. The measure passed on a largely partisan 246-178 vote. Key provisions include:…