Tax Exempt Bonds

QAP Texas

Texas Adopts Lottery System for Securing Bond Volume Cap

Applicants are not required to participate in the PAB Lottery, as applications can still be submitted to the Bond Review Board throughout the 2018 program year and reservations will be issued as volume cap is available.

QAP Michigan

Michigan Gap Financing for 4% Deals Begins August 15, Market Study Requests Due Jun 30

The Gap Financing Program NOFA is designed to improve MSHDA’s direct-lending production and to assist with being able to finance tax-exempt bond transactions utilizing the 4% Low Income Housing Tax Credit. MSHDA now has two funding rounds annually, with each round having available approximately $9 million in gap funding.

QAP Minnesota

Minnesota Posts Webinar Recording on 2018 Bond Program Changes

The Agency received roughly 60 comment letters, including a letter from NH&RA regarding the proposed changes.

QAP Minnesota

Minnesota Hosts Webinar and Discussion Group Regarding Bond Changes to 2018 QAP in Dec.

As a result of comments, MHFA plans to engage stakeholders over the next two months to find a solution to the market-driven bond issues in the state.

QAP Washington

Washington Proposes Changes to Bond / 4% Tax Credit Policies

Washington State Housing Finance Commission has released proposed changes to Bond and Tax Credit policies. Read on for a summary of some significant changes.

QAP Washington

Washington Releases Proposed Changes to 2017 Bond/Tax Credit Program Policies

While a redlined document is still forthcoming, the summary document, intended for discussion purposes, outlines the changes.

QAP Washington

Washington: Save the Dates Proposed Bond/4% Policy Changes

Washington State Housing Finance Commission has announced the following stakeholder meetings to discuss proposed changes to the 2017 Bond/4% tax credit policies and funding rounds.

QAP Oregon

Oregon Releases LIFT NOFA, Applications Due Oct. 31st

This past Friday, Oregon Housing and Community Services released the NOFA for its Local Innovation and Fast Track (LIFT) program.

congress-capitol

House Releases Tax Reform Blueprint, Silent on LIHTC

The policy blueprint, which is entitled “A Pro-Growth Tax Code for All Americans,” contains no legislative language and outlines how the House plans to continue working on tax reform into 2017.

congress-capitol

CALL TO ACTION: Preserving and Protecting HOME funds, LIHTC, Tax-Exempt Bonds, Historic Tax Credit

NH&RA calls on its members to stop the Senate Appropriations Committee from slashing funding to the HOME program, join efforts to strength LIHTC, help preserve tax-exempt multifamily bonds, and advocate for the historic tax credit.

California

CalHFA Program Boosts Access to Bonds

The California Housing Finance Agency (CalHFA) announced the Conduit Issuer Program, a new program that helps affordable housing developers access tax-exempt and taxable bond funds to aid in the preservation and development of affordable housing projects throughout California.

IRS

IRS Releases 2015 Population Estimates

The IRS released the 2015 Calendar Year Resident Population Figures. The notice provides population figures to calculate the credit ceiling for low-income housing tax credits (LIHTC)and volume caps for tax-exempt private activity bonds.

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