Texas
Texas Delays 2nd Quarterly Construction Status Reports for Certain 2016 9% Projects
The initial Construction Status Reports for 2016 9% HTC awards will still be due on Thursday, Sept. 28, 2017; however, Asset Management has decided to move the second quarterly Construction Status Report deadline from Tuesday, Oct. 10, 2017, to Wednesday, Jan. 10, 2018, (ONLY for 2016 9% HTC awards submitting their initial reports on Sept. 28, 2017) in order to give additional time between initial and second submissions of Construction Status Reports.
Texas Publishes Draft 2018 QAP, Public Comment Period Ends Oct. 12
Continue reading for a summary of changes.
Texas Transfers Funds from MF Direct Loan NOFA to HOME Disaster Fund
TDHCA, with Governing Board approval, has transferred roughly $9.08 million from the HOME general set-aside 2017-1 Multifamily Direct Loan NOFA over to the HOME Disaster Reservation Fund.
Texas: FEMA Expands List of Counties Eligible for Assistance Post-Harvey
Housing Tax Credit (“HTC”) properties that have received approval to provide emergency housing may lease units to displaced individuals from any of these 29 counties.
Texas Hosts Tax Credit Compliance Training 9/13
The registration deadline is September 6, 2017.
Texas: Hurricane Harvey Could Allow for Extensions of Placed in Service Deadline
IRS Revenue Procedure 2014-49 allows for state agencies to grant extensions to placed in service deadlines as a form of relief under carryover allocation provisions in §42(h)(1)(E) on an individual project basis because of an event or series of events that led to a major disaster declaration.
Texas Asks For Updated Unit Status Report In Hurricane Harvey Aftermath
The measure ensures TDHCA has accurate records regarding vacancy availability in the state.
Texas Hosts Meeting to Discuss Draft QAP and Impact Education as Threshold 9/6
While comments are currently being accepted, the official comment period will likely begin in early September.
Texas Posts 9% Awards and Waiting List
The information is available on THDA’s website.
Texas: Revised Log of QAP Applications for 2017 Competitive Cycle Available
This posting provides updates to the log posted on July 12, 2017, to reflect revisions resulting from actions taken at the TDHCA Governing Board meeting of July 13, 2017, as well as other actions.
Texas Hosts Market Analysis Roundtable June 23
The roundtable agenda includes discussion on implementing capture rates by AMI band, elimination of SMAs, and use of demographic block data. These discussions may influence drafting of the 2018 QAP and Uniform Multifamily Rules. Registration is now open.
Texas: 10% Test for 2016 9% Awards Deadline June 30
Owners wishing to submit extension requests without incurring a fee must submit extension requests by no later than Wednesday, May 31, 2017.