Tennessee

Good afternoon Program Participants and Other Interested Parties, Stewart Rutledge just made us aware of a typing error in a sentence found in Section 12:  New Construction Regional Pools of the 2019-2020 Qualified Allocation Plan.  Thank you Stewart. The language in Section 12, Item C was accurate in the September 26, 2018 QAP version which […]

Good afternoon Program Participants and other Interested Parties, New and/or Updated Compliance Forms: Multifamily Programs has made changes to our required compliance forms. These modified forms can be found at  https://thda.org/business-partners/housing-credit-compliance. Household Income Certification (HIC HO-0420) This is the former Tenant Income Certification (TIC) A disclosure added to the Household Certification and Signatures section notifying […]

Good morning Program Participants and other Interested Parties, If you missed THDA’s Tax Credit Committee and Board Meeting on Tuesday, you missed productive and positive outcomes for THDA’s multifamily housing programs. You also missed some “fast footwork” on my part, but that is another story. Amendments to the 2019-2020 Low Income Housing Credit Qualified Allocation […]

Good morning Owners and Management Companies of Low Income Housing Credit Properties, As the Initial Proposal Deadline for the Innovation Round is vastly approaching, the Multifamily Programs staff would like to offer a template for external applicants that will be submitting a 2019 Innovation Proposal. Please ensure that your proposal is in line with the […]

THDA’s Board of Directors approved Tennessee’s 2019-2020 Low Income Housing Credit Qualified Allocation Plan (“2019-2020 QAP”) yesterday afternoon.  The 2019-2020 QAP includes the amended/updated Total Development Cost table as approved by the Tax Credit Committee.  Further changes as housekeeping items have been discussed with developers and owners and will be added in red-line format possibly […]

THDA’s Board of Directors met yesterday and agreed to suspend new requests to participate in the Qualified Contract Process until early 2019.  Submitted Qualified Contract requests will progress under the current Qualified Contract Guide. Multifamily Programs has removed the Qualified Contract Guide from our website and will begin drafting clarification language to the Guide.  We […]

THDA is hosting an application webinar and workshop for the 2019 Fall Round of the Tennessee Housing Trust Fund Competitive Grants program on August 9 and 13. The content will be the same for both.

THDA staff plans to release a revised QAP in early August and will provide a two-week public comment period prior to the September 25 Tax Credit Committee Meeting.

The release of the draft is anticipated soon and will be made available on THDA’s website.

THDA announces availability of $3,160,279 to award under its FY2017 National Housing Trust Fund Program Description.

THDA has produced four talking points to begin the Qualified Allocation Plan discussion for 2019. In addition to the talking points, THDA is considering topics from the Recommended Practices in Housing Credit Administration issued by the National Council of Housing Finance Agencies and THDA is moving towards a two-year Qualified Allocation Plan.

This year, Tennessee’s competitive LIHTC applications must be submitted via the new THOMAS online system. Continue reading for tips and reminders regarding this process.