Texas

The Texas Department of Housing and Community Affairs cancelled the roundtable discussion for the 2015 Draft Qualified Allocation Plan and 2015 Draft Uniform Multifamily Rules that was originally scheduled for July 15. The roundtable will be rescheduled for a date in August.

State Senator Elder A. Vogel Jr. (R-47th District) and a bipartisan group of Pennsylvania State Senators sponsored a bill to expand the Pennsylvania Housing Affordability and Rehabilitation Enhancement Fund, commonly known as the State Housing Trust Fund….

The Texas Department of Housing and Community Affairs cancelled the roundtable discussion for the 2015 Draft Qualified Allocation Plan and 2015 Draft Uniform Multifamily Rules that was originally scheduled for July 15. The roundtable will be rescheduled for a date in August.

On May 23, President Obama announced significant cabinet position changes, including his nominations of Mayor Julián Castro of San Antonio to become the next Secretary of the Department of Housing and Urban Development (HUD) and current HUD Secretary Shaun Donovan to head the White House Office of Management and Budget (OMB).

Texas Department of Housing and Community Affairs (TDHCA) released the Draft 2014 State of Texas’ Low Income Housing Plan and Annual Report which serves as a comprehensive reference on statewide housing needs, housing resources, and strategies for funding allocations.

The Texas Department of Housing and Community Affairs (TDHCA) has posted several items related to the Department’s Multifamily programs, including application materials and guidance.

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 Texas Department of Housing and Community Affairs announces the availability of up to $21,692,495 in funding from the HOME Investment Partnerships Program for the development of affordable multifamily rental housing for low-income Texans.

The Internal Revenue Service (IRS) recently published Revenue Procedure 2013-31, which details the amounts of unused Low-Income Housing Tax Credit (LIHTC) carryovers allocated for calendar year 2013.

The Texas Department of Housing and Community Affairs (TDHCA) has released the preliminary staff drafts of 2014 Qualified Allocation Plan (QAP) and key subchapters of the Uniform Multifamily Rules related to the QAP requirements. Additionally, an online forum with the discussion threads for each of the various parts of the rules is available online and TDHCA staff encourages potential members and the public to make comments on the preliminary QAP.

The Texas Legislature this week approved H.B. 500, a measure which would create a tax credit for certified rehabilitation of certified historic structures.

The Texas Department of Housing and Community Affairs (TDHCA) recently released the schedule for six public hearings to gather public comment on the 2013 Competitive Housing Tax Credit Applications.