North Carolina

NCHFA is accepting comments on the 2015 North Carolina Qualified Allocation Plan. Please submit comments by Friday, August 22nd to be considered before the first draft is released. You may email comments to rentalhelp@nchfa.com.

North Carolina Housing Finance Agency received 152 preliminary applications in 56 counties for the 2014 housing credit cycle. The list of the 2014 preliminary applications is available on their website.

North Carolina has released the final 2014 Qualified Allocation Plan (QAP). The preliminary application for 2014 Housing Credits is also now available and the application (electronic and hard copy) is due by noon on January 24, 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.

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 North Carolina Housing Finance Agency has published the final version of its 2013 Qualified Allocation Plan (QAP) for the allocation of federal Low-Income Housing Tax Credits (LIHTCs).

The North Carolina Housing Finance Agency has released a second draft of its 2013 Qualified Allocation Plan. The draft includes several changes from the first draft of the QAP.

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 North Carolina Housing Finance Agency has released the first draft of its 2013 Qualified Allocation Plan along with a memo of major revisions.

Representative Chris Gibson (R-NY) recently introduced the Irene and Lee Tax Relief Strom Recovery Act, H.R. 3769, which would increase the amount of Low-Income Housing Tax Credits (LIHTCs) to be allocated in states damaged by Hurricane Irene or Tropical Storm Lee in 2011.

The North Carolina Housing Finance Agency (NCHFA) has released the final Qualified Allocation Plan (QAP) for the distribution of Housing Tax Credits along with updated market study guidelines and the preliminary application.