Vermont

Interested parties are encouraged to review the existing QAP and submit comments about any changes needed to ensure that competing applications are prioritized in the way that best serves Vermonters’ most pressing needs.

Applications for the 9% federal Housing Credit, Vermont State Housing Credit are due by January 29. If you are planning to submit a project for tax-exempt construction or permanent financing in order to receive the 4% “Bond” Housing Credits and you intend to apply for state housing credits, you must submit that application by the same deadline.

The Joint Committee on Tax Credits will hold a meeting to discuss potential changes to Vermont’s Qualified Action Plan. This meeting is open to the public.

Vermont’s Joint Committee on Tax Credits will host a 2015 QAP public hearing on September 29, 2014

The Internal Revenue Service (IRS) published that $2.59 million of unused LIHTCs carryovers for calendar year 2014 will be allocated to 35 qualified states and Puerto Rico.

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.

Multifamily housing developers, community organizations, investors, and lenders interested in affordable rental housing in New England have a new resource available that provides a comprehensive overview of current opportunities. A special report entitled “A Variety of Approaches: New England State Agencies Differ in Needs, Priorities in Their Housing Credit Programs” reviews recent and current tax credit allocation activity, project trends, and state priorities in the New England states ““Connecticut, New Hampshire, Maine, Massachusetts, Rhode Island, and Vermont.

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 Internal Revenue Service (IRS) announced in Revenue Procedure 2012-41 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 2013.

The Internal Revenue Service (IRS) recently published Revenue Procedure 2012-42, which indicates the amounts of unused Low-Income Housing Tax Credit (LIHTC) carryovers for 2012. These carryovers, which amounts to nearly $2.43 million in unused credits, have been allocated to 34 states.

The Vermont Housing Managers Association (VHMA) is offering an Advanced Low Income Housing Tax Credit Course on Thursday, June 7, 2012 from 8:45 a.m. to 4:30 p.m.

Representative Chris Gibson (R-NY) recently introduced the Irene and Lee Tax Relief Strom Recovery Act, H.R. 3769, which would increase the amount of Low-Income Housing Tax Credits (LIHTCs) to be allocated in states damaged by Hurricane Irene or Tropical Storm Lee in 2011.