South Carolina

Alabama

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.

South Carolina

South Carolina Approves Final 2013 QAP

The South Carolina State Housing Finance & Development Authority has published its final 2013 Qualified Allocation Plan (QAP) and Tax Credit Manual for the allocation of its federal Low-Income Housing Tax Credits (LIHTCs).

South Carolina

South Carolina Releases Draft 2013 QAP for Public Comment

The South Carolina State Housing Finance and Development Authority will be holding a public hearing to collect comments on its proposed 2013 Qualified Allocation Plan (QAP) and 2013 Tax Credit Manual. The public hearing has been scheduled for November 1, 2012 from 10:00am-12:00pm.

Alabama

IRS Sets State Tax Credit Ceilings for 2013

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.

Alabama

IRS Publishes Unused Housing Credit Carryover Amounts

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.

California

IRS Releases Unallocated Credit Carryovers for Certain States

The Internal Revenue Service (IRS) published Revenue Service 2011-57 which dictates the amounts of unused housing credit carryover allowances allocated to qualified states. Nearly $3.66 million of unused credits were divided among the states in the National Pool.

Georgia

States Release QAPs, Materials Governing 2011 LIHTC Program

Several state housing finance agencies have released varying drafts of their 2011 QAPs over the past few weeks, as well as LIHTC program materials, proposed changes and other information.

South Carolina

South Carolina Releases Draft 2010 QAP

The South Carolina State Housing Finance & Development Authority has released the first draft of its 2010 qualified allocation plan (QAP), used for governing its low-income housing tax credit (LIHTC) program.

South Carolina

South Carolina Schedules Tax Credit Developer Roundtable Meeting

South Carolina State Housing Finance & Development Authority will hold its 2009 Tax Credit Developer Roundtable Meeting on September 23, 2009 in Columbia.

Arkansas

Obama Administration Continues Naming States’ Rural Housing Directors

The Obama Administration recently announced nine more individuals who will serve as their State’s Director of Rural Development at the U.S. Department of Agriculture (USDA). The directors will work with USDA to help manage over 40 programs that USDA’s Rural Development administers to provide affordable housing and improve the economic stability for rural communities across the country.

Arizona

Treasury Announces Latest Wave of 1602 Exchange Funds

The U.S. Department of the Treasury today announced its latest wave of funding awards through the Section 1602 Tax Credit Exchange Program, provided by the American Recovery and Reinvestment Act of 2009.

South Carolina

South Carolina Updates TCAP Implementation Plan

The South Carolina State Housing Finance and Development Authority recently amended its Low-Income Housing Tax Credit Assistance Program (TCAP) Implementation Plan in order to help move awardees and applicants toward construction.

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