Massachusetts

The Internal Revenue Service (IRS) published that $2.59 million of unused LIHTCs carryovers for calendar year 2014 will be allocated to 35 qualified states and Puerto Rico.

QAP Deadlines

Minnesota: Minnesota Housing announced the availability of an estimated $70 million in funding through the 2014 consolidated Request for Proposals (RFP) and $12.5 million in 2015 Housing Tax Credits (Round 1).

Massachusetts Department of Housing and Community Development and the Executive Office of Health and Human Services received a $5 million Section 811 Project Rental Assistance Award from the U.S. Department of HUD in 2013. DHCD will host an information session on Friday, May 9 for interested developers on the Section 811 Program.

HUD and MassHousing will host a Fair Housing Accessibility Training on April 8th.

HUD and MassHousing will host a Fair Housing Accessibility Training on April 8th.

HUD and MassHousing will host a Fair Housing Accessibility Training on April 8th.

HUD and MassHousing will host a Fair Housing Accessibility Training on April 8th.

Massachusetts Department of Housing & Community Development (DHDC) released the 2014 Draft QAP.

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.

Multifamily housing developers, community organizations, investors, and lenders interested in affordable rental housing in New England have a new resource available that provides a comprehensive overview of current opportunities. A special report entitled “A Variety of Approaches: New England State Agencies Differ in Needs, Priorities in Their Housing Credit Programs” reviews recent and current tax credit allocation activity, project trends, and state priorities in the New England states ““Connecticut, New Hampshire, Maine, Massachusetts, Rhode Island, and Vermont.

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.

The Massachusetts Department of Housing and Community Development (DHCD) announced the start of their summer 2013 affordable housing competition for rental projects. The DHDC will accept applications from sponsors whose projects were pre-approved in June 2013 through DHCD’s pre-application process.