Texas

The Texas Department of Housing and Community Affairs (TDHCA) has released the final 2012-2013 Qualified Allocation Plan (QAP) for the state’s Housing Tax Credit program.

The IRS issued Notice 2012-3 to provide guidance on current refunding issues for outstanding prior bond issues that qualify for tax-exempt bond financing under disaster relief bond programs including Gulf Opportunity Zone Bonds (GO Zone Bonds), qualified Midwestern disaster area bonds and Hurricane Ike disaster area bonds under the Heartland Disaster Act.

The Texas Department of Housing and Community Affairs (TDHCA) has released the 2012 Multifamily Application Materials which includes the final 2012-2013 Qualified Allocation Plan (QAP), the updated 2012 Site Demographic Characteristics Report, the Multifamily Programs Procedures Manual, Pre-Application materials, Multifamily Uniform Application, and more.

The Texas Department of Housing and Community Affairs (TDHCA) has announced a meeting for the Rural Housing Workgroup. This meeting is being held in response the agency’s increased awareness of the unique challenges in serving rural populations.

The Texas Department of Housing and Community Affairs has announced the availability of up to $22,038,066 in funding from the HOME Investment partnerships Program for the development of affordable multifamily rental housing for low-income Texans.

The Texas Department of Housing and Community Affairs (TDHCA) has announced the 2012 Multifamily Application Workshop schedule for those wishing to apply for Low-Income House Tax Credits (LIHTC).

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.

HUD’s Department of Policy Research & Development has published three more Comprehensive Housing Market Analyses for State College, Pennsylvania; Victoria, Texas; and New Orleans, Louisiana.

U.S. Housing and Urban Development recently contracted with Abt Associates Inc. and released a two-part study examining the housing recovery efforts in the Gulf Coast after Hurricanes Katrina and Rita.

The public comment period for multiple Texas Department of Housing and Community Affairs (TDHCA) programs including the proposed 2012 Qualified Allocation Plan (QAP) began September 30 and is underway until 5:00 pm October 19, 2011. Public hearings for input on the various programs are scheduled between October 7 and October 17, 2011.

The Texas Department of Housing and Community Affairs (TDHCA) announced a roundtable discussion about the proposed 2012 Qualified Allocation Plan (QAP) on September 27, 2011. In addition, the TDHCA Governing Board will meet to discuss the proposed QAP and the possibility of forward allocating commitments for 9% low income housing tax credits on October 4, 2011.

On Thursday, August 25, the Texas Department of Housing and Community Affairs (TDHCA) released the 2012 real estate analysis rules for public comment.