Minnesota

Minnesota Housing Finance Agency has published a draft of the proposed 2016 Housing Tax Credit Qualified Allocation Plan (QAP), and is seeking public comment on the proposed amendments through a public hearing on March 17.

Minnesota Housing is now accepting applications for Round 2 of the 2014 Housing Tax Credit Program…

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.

The Maryland Department of Housing and Community Development (DHCD) has sent the 2013 Maryland Qualified Allocation Plan (QAP) and Multifamily Rental Financing Program Guide (Guide) to Governor Martin O’Malley for his signature. The final draft QAP reflects changes made in response to the comments received during the public comment period and public hearing for the third draft published on May 30, 2013.

Minnesota Housing is developing the Consolidated Annual Performance and Evaluation Report (CAPER) for 2013. The state must submit a CAPER to HUD annually as one of the conditions of receiving federal funds. The CAPER provides information to measure the state’s progress during the past year in meeting assistance goals and priorities identified in the Consolidated Plan. The CAPER includes a summary and analysis of progress made on identified actions that state agencies have elected to undertake to affirmatively further fair housing and overcome impediments to fair housing.

Minnesota Housing is developing its annual Action Plan for 2014. The draft Action Plan will be available beginning August 13, 2013 at http://www.mnhousing.gov.

Minnesota recently released the RFPs including the application, materials, and instructions for the consolidated 2013 Multifamily and the 2014 Housing Tax Credit allocation rounds.

innesota Housing has released a draft of its 2014-2015 qualified allocation plan for public comment.

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 Minnesota Housing Finance Agency is considering future changes for its 2014 Qualified Allocation Plan. Minnesota Housing has published a memorandum to outline some of the considered changes in advance of the anticipated release of the draft 2014 QAP in January 2013.