ANCHORAGE—More stringent market study standards are required for low-income housing tax credit (LIHTC) projects in Alaska in 2008.
BEDFORD—Affordable housing projects designed to conserve energy, water, or land will get a big advantage in the competition for New Hampshire’s 2008 low-income housing tax credits (LIHTCs).
CROWNSVILLE—Officials are proposing a host of changes to the competition for low-income housing tax credits (LIHTCs) in Maryland, ranging from new ways to earn points that reward green, energy-efficient projects to a series of tweaks that recognize the high cost of construction.
St. PAUL—The Minnesota Housing Finance Agency (Minnesota Housing) continues to increase its emphasis on green and sustainable design standards in the 2008 qualified allocation plan (QAP).
SALEM—Affordable housing developers will compete for about $7.3 million in low-income housing tax credits (LIHTCs) in Oregon in 2008.
AUSTIN—Changes in the at-risk and U.S. Department of Agriculture Rural Development (RD) set-asides are some of the most notable changes proposed in the Texas Department of Housing and Community Affairs’ (TDHCA) 2008 draft qualified allocation plan (QAP), according to Robbye Meyer, director of...
HARRISBURG—Pennsylvania’s competition for low-income housing tax credits (LIHTCs) will encourage projects in underserved housing markets and discourage new development in outer-ring suburbs.
CHICAGO—The Illinois Housing Development Authority (IHDA) has made some significant changes to its 2008-2009 qualified allocation plan (QAP), revamping its setaside categories and offering incentives for lower-income targeting and green building techniques.
BATON ROUGE—The Louisiana Housing Finance Agency (LHFA) forward allocated its 2008 tax credit authority in 2006 and 2007 for projects in the Gulf Opportunity (GO) Zone and projects located outside the GO Zone requesting per capita low-income housing tax credits (LIHTCs), said Brenda Evans, program...
MONTGOMERY—Demand for low-income housing tax credits (LIHTCs) exploded in Alabama over the last two years, more than doubling compared to 2005 demand, and is likely to remain high in 2008 as developers respond to the state’s increased LIHTC authority with a surge in project proposals.