Ohio
State News Week of May 12: Maryland Affordable Housing Victory!
Last week, Maryland affordable housing advocates celebrate the success of the Multifamily Rental Housing Programs Efficiency Act (HB 453), legislation that will reduce municipal barriers to rental housing production. Advocates also succeeded in securing $25.73 million for the Rental Housing Works (RHW) program, the highest level of funding for the program in its history.
OHFA is Currently Exploring an Expansion into Multifamily Lending
Ohio Housing Finance Agency is currently exploring an expansion into multifamily lending. Please click this link to provide feedback. The deadline is April 30th.
OHFA Will Host a Housing Tax Credit Compliance Training
OHFA will host a Housing Tax Credit Compliance Training on May 20 in Columbus, OH and on May 22 in Independence.
State News Week of April 21: HOME Income Limits, Tax Credit Round in Minnesota, and More!
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). The application deadline is June 10, 2014 by 5:00 PM.
Bill to Better Align Ohio State NMTC with Federal Program Introduced
Ohio Representative Terry Boose (R-District 57) from the Ohio House of Representatives recently introduced H.B. 478 a bill which would significantly modify and improve the state New Markets Tax Credit (NMTC) program.
OHFA Updated their FAQs for the 2014 Ohio QAP
Ohio Housing Finance Agency updated their Frequently Asked Questions for the 2014 Ohio QAP.
UPDATE – Ohio 2014 QAP: Final Draft QAP Released
The Ohio Housing Finance Agency (OHFA) released the final draft 2014 Qualified Allocation Plan (QAP).
IRS Sets State Credit Ceilings for 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.
Ohio Issues New Draft Multifamily Underwriting Guidelines
The Ohio Housing Finance Agency has issued a new draft of its Multifamily Underwriting Guidelines. Notable changes include increasing the Developer’s Fee for 4% Housing Tax Credit Projects to increase basis.
IRS Announces 2013 Carryover Allocations Totaling $2.46 Million
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.
OHFA Revises Guidelines for Bond Gap Financing Program
The Ohio Housing Finance Agency (OHFA) recently released a draft of the 2013 Bond Gap Financing (BGF) program guidelines for public comment and review.
Ohio Historic Tax Credit Program 2012 Annual Report Released
The Ohio Development Services Agency recently released an annual report on the Ohio historic preservation tax credit program.