New Mexico

NMMFA scheduled 2015 QAP and Application Training for November 12 in Albuquerque.  The registration deadline is November 5.

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.

MFA is accepting comments for the 2015 Draft New Mexico QAP until September 22, 2014. Comments may be mailed to MFA’s office or to Dan Foster at dfoster@housingnm.org.

Governor Martin O’Malley announced that Raymond A. Skinner, who has served as Secretary of DHCD since 2007, is retiring at the end of the month and that he will appoint Clarence J. Snuggs, the current Deputy Secretary of DHCD, as acting secretary effective September 1, 2014

MFA is accepting comments for the 2015 Draft New Mexico QAP until September 22, 2014. Comments may be mailed to MFA’s office or to Dan Foster at dfoster@housingnm.org. MFA will host a public hearing for the QAP on September 3, 2014.

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.

Registration is now open for the 2014 State of New Mexico Qualified Allocation Plan (QAP) training. Attendance for this workshop is mandatory for all applicants. Topics covered will include application standards and scoring, common application errors and changes to the QAP.

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.

New Mexico Senator Gerald Ortiz y Pino (D- Bernalillo) recently introduced SB 67, which requests $100,000 for FY 2014 and 2015 to fund the New Mexico Mortgage Finance Authority’s (MFA) administrative and oversight duties under the state’s Affordable Housing Act.

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 New Mexico Housing Mortgage Finance Authority will be hosting a mandatory 2013 QAP and Application Training for all prospective applicants for the 2013 Low Income Housing Tax Credit program.