South Carolina

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 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).

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.

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 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.

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.

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

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.

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.

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.