Washington
UPDATE 2014 Washington QAP: Public Comment Period
Washington State Housing Finance Commission (WSHFC) posted policies and materials needed to their website. The deadline to submit requests for pre approvals for the 2014 9% Housing Credit Round is Friday, November 15, 2013 at 5:00 pm. The 9% application deadline is January 17, 2014.
IRS Announces 2013 Carryover Allocations Totaling $2.46 Million
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.
Washington Announces LIHTC Public Hearing
The Washington State Housing Finance Commission will hold a public hearing on February 28th in order to discuss the allocation of federal low-income housing tax credits to sponsor multifamily residential projects.
IRS Sets State Tax Credit Ceilings for 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.
IRS Publishes Unused Housing Credit Carryover Amounts
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.
Washington Releases FY 2013 Workshop Schedule
The Washington State Housing Finance Commission (WSHFC) has released the state’s FY 2013 workshop schedule which includes tax credit compliance courses for advanced and beginner participants and a bond compliance course.
HUD’s Latest Best Practices Report: Seattle, Washington
HUD’s Office of Policy Development & Research has released its latest Best Practices Report for the High Point Community Revitalization in Seattle, Washington.
IRS Releases Notice on RPWG Physical Inspection Pilot Program
The IRS recently issued Notice 2012-18 to clarify rules relating to compliance monitoring and physical inspection requirements under the Rental Policy Working Group’s (RPWG) Physical Inspections Pilot Program. This program hopes to achieve a more coordinated effort for conducting physical inspections at properties that benefit from multiple sources of Federal funding with different inspection protocol
Housing Market Reports Released for Colorado Springs and Tacoma
HUD’s Economic and Market Analysis Division has published Comprehensive Housing Market Analysis reports for the Colorado Springs, CO and Tacoma, WA housing market areas.
IRS Releases Unallocated Credit Carryovers for Certain States
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.
Washington Releases LIHTC Program Updates
The Washington State Housing Finance Commission (WSHFC) has announced that the state’s Credit per Unit limit has changed due to recent changes to the per capita rate used to calculate state credit ceilings. The revised rate leads to the changes to WSHFC’s LIHTC Program Limits.
Washington HFA Releases 2012 LIHTC Application Packet
The Washington State Housing Finance Commission has released the 2012 Low-Income Housing Tax Credit Program Application Packet.