Louisiana

Compilation of State Housing Finance Agency from across the nation for the week of October 20.

The Louisiana Housing Corporation (LHC) is sponsoring a Rental Assistance Demonstration (RAD) Workshop on Thursday, December 12, 2014 at 9:30 AM. The workshop will cover, but is not limited to, a brief overview of the RAD Program, LHC Participation, and recommended ways to utilize 4% Low Income Housing Tax Credits and Multifamily Mortgage Revenue Bonds. LHC strongly recommends that interested developers, consultants, and Louisiana Public Housing Authorities attend this meeting.

The Internal Revenue Service (IRS) announced in Revenue Procedure 2013-35 that it has set the inflation-adjusted State credit ceiling for the Low-Income Housing Tax Credit (LIHTC) program and private activity bond caps for calendar year 2014.

The Internal Revenue Service (IRS) recently published Revenue Procedure 2013-31, which details the amounts of unused Low-Income Housing Tax Credit (LIHTC) carryovers allocated for calendar year 2013.

An updated Draft 2014 Special Interim Qualified Allocation Plan (QAP)and Draft Selection Criteria for the Low Income Housing Tax Credit(LIHTC) Program has been posted to the Louisiana Housing Corporation’s website.

The Louisiana House of Representatives recently approved H.B. 726 by a vote of 66-33, a measure to create a state New Markets Jobs Tax Credit to provide incentives for private businesses to invest in low-income rural and “emerging urban” communities.

The National Housing & Rehabilitation Association, in association with the National Trust Community Investment Corporation, honored developers, architects and historic preservation professionals that brought new life to ten historic buildings through its awarding of the 2012 J. Timothy Anderson Awards for Excellence in Historic Rehabilitation.

The Internal Revenue Service (IRS) announced in Revenue Procedure 2012-41 that it has set the inflation-adjusted State credit ceiling for the Low-Income Housing Tax Credit (LIHTC) program and private activity bond caps for calendar year 2013.

The Internal Revenue Service (IRS) recently published Revenue Procedure 2012-42, which indicates the amounts of unused Low-Income Housing Tax Credit (LIHTC) carryovers for 2012. These carryovers, which amounts to nearly $2.43 million in unused credits, have been allocated to 34 states.

The National Housing & Rehabilitation Association (NH&RA) has announced five winners and ten finalists across ten competitive categories for this year’s J. Timothy Anderson Awards for Excellence in Historic Rehabilitation. The “Timmy Awards” will be presented at an awards luncheon and ceremony on Tuesday, October 30 at the Langham Hotel in Boston, Massachusetts, held in conjunction with the association’s Annual Fall Developers Forum. The winners and finalists represent fourteen different communities in ten states””Connecticut, Kansas, Kentucky, Louisiana, Massachusetts, Missouri, Oklahoma, Pennsylvania, Tennessee, Virginia””as well as the District of Columbia.

The Louisiana Housing Corporation (LHC) has begun operating as the State of Louisiana’s new housing finance agency. The new agency consolidates previous activities from the Louisiana Housing Finance Agency and the Office of Community Development, Department of Health and Hospitals, and the Department of Children and Family Services and will be responsible for the administration of the Low-Income Housing Tax Credit program and other state and federal housing and community development programs.

The Louisiana Housing Finance Agency (LHFA) has rescheduled its public hearing to address proposed changes to the 2013 Qualified Allocation Plan for administering the low-income housing tax credit.