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...
COLUMBIA—South Carolina is revising its 2008 qualified allocation plan (QAP) for low-income housing tax credits (LIHTCs) to beef up its criteria for rehabilitation projects and offer extra points to developers with experience working with LIHTC-financed projects.
BURLINGTON—Applicants for low-income housing tax credits (LIHTCs) in Vermont next year will have to meet tough new green design standards, according to the draft 2008 qualified allocation plan (QAP).
Bond Demand On the Upswing
Demand for tax-exempt bonds to finance multifamily projects is on the upswing, and will rise even further in 2008, according to industry observers.
ANCHORAGE—More stringent market study standards are required for low-income housing tax credit (LIHTC) projects in Alaska in 2008.
ATLANTA—Georgia expects to see projects that preserve existing affordable housing properties take up a larger share of its low-income housing tax credit (LIHTC) authority over the next couple of years, as the number of properties aging out of their LIHTC restrictions rises.
RICHMOND—Developers will have to do more to win low-income housing tax credits (LIHTCs) in Virginia in 2008.
FRANKPORT—Projects centered on preservation of existing housing stock and green construction methods will be the focus of the Kentucky Housing Corp.’s (KHC) 2008 qualified allocation plan.
LANSING—The Michigan State Housing Development Authority (MSHDA) has overhauled its 2008 qualified allocation plan (QAP), proposing significant changes that include mandating green and sustainable design features, introducing new holdback criteria, and changing the way income levels are calculated.
ALBUQUERQUE—Affordable housing developers in New Mexico requested more than $11.7 million in 9 percent low-income housing tax credits (LIHTCs) this year. Seven projects received about $4.94 million in LIHTC reservations.