Tag Archives: QAP
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Effect of Elected Official Letters on the 2011 LIHTC Round

Abstract: Letters written by Texas State Representatives and Senators regarding the development of low income housing in the state had the effect of moving development to lower income, higher poverty areas of the state.

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It’s NIMBY Time…Again

“We realize that not all residents of an affordable housing development will, by default, be criminals.   However, we are also not ignorant to the fact, which is supported by real statistics, that many criminals (especially violent criminals, drug-related criminals, and sex-offenders) tend to come from a lower socio-economic class. […]  We feel that in this […]

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Study of State’s Use of LIHTC Boost

This month the “Novogradac Journal of Tax Credits” included an article examining how different states utilize their ability to offer some Low Income Housing Tax Credit (LIHTC) developments a 30% “boost” in funding. (article link here). As regular readers know, the LIHTC program is a federal program that supports the production of affordable multifamily housing.  […]

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Housing Credit Update

A couple of changes in the prospects for the Low Income Housing Tax Credit program in the last few days. The Tax Credit Exchange (i.e. 1602 Grants in Lieu of Tax Credits) program was not extended in the final “tax extender” compromise bill that passed the Congress yesterday. This program was used as leverage by […]

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Study: Leading Subsidized Housing Program in Texas Limits Economic Opportunity of the Poor

New report finds that Low Income Housing Tax Credit housing is more likely than other rental housing to be built in low-income, predominantly minority neighborhoods.   Austin, TX – The Low Income Housing Tax Credit program, the #1 producer of affordable rental housing in Texas, concentrates its new developments in low-opportunity neighborhoods, according to a […]

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Recap of TDHCA’s QAP Adoption

Last Thursday the board of the Texas Department of Housing and Community Affairs (TDHCA) adopted the rules governing the allocation of the Low Income Housing Tax Credit Program (LIHTC) in 2011.  These rules are known as the Qualified Allocation Plan, or QAP. Regular readers may recall we recently posted our comments regarding the Draft QAP […]

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TxLIHIS Comments on Proposed 2011 QAP

October 23, 2010 Ms. Robbye Meyer Texas Department of Housing and Community Affairs P.O. Box 13941 Austin, TX 78711-3941 RE: Comments on the proposed 2011 Texas Qualified Allocation Plan Dear Ms. Meyer: We offer these recommendations regarding the Draft 2011 State of Texas Qualified Allocation Plan (QAP) for allocation of Low Income Housing Tax Credits […]

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If Not In Your Backyard, Then Where?

The Low Income Housing Tax Credit Program (LIHTC) is a federal program that supports the production of affordable multifamily housing.  Most of these tax credits are awarded through a competitive allocation process administered by the Texas Department of Housing and Community Affairs (TDHCA).   Developers apply for credits for a specific proposed development, TDHCA scores the […]

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Dallas Tax Credit Corruption Case Continues

The Dallas Morning News reports State Rep. Terri Hodge plead guilty to not paying taxes on payments which were allegedly bribes for support of Low-Income Housing Tax credit deals in her district. As part of her deal plea deal, finalized late Tuesday, Hodge did not admit the bribery conspiracy, which alleges that she wrote letters […]

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