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2009 LIHTC Program Updates
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| LIHTC Program News and Updates: |
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October 6, 2009 -- Federal Change to Tax Credit DDA's for 2010
The Department of Housing and Urban Development announced the new list of Difficult Development Areas (DDA's) for Section 42 of the Internal Revenue Code (Tax Credits) for the calendar year 2010. The following Oregon Counties are on the list: Coos, Crook, Curry, Douglas, Grant, Hood River, Josephine, Lincoln, Linn, Morrow, Tillamook and Wheeler. The following Oregon counties have been removed from the list: Clatsop, Gilliam and Wallowa. There were no changes to the Qualified Census Tracts (QCT's) eligible for the 130 percent boost in the State of Oregon. If you have questions on this issue, please contact your local Regional Advisor to the Department (RAD). |
 2010 HUD DDA's Reference Map |
| 2009 HUD DDA's Reference Map |
| 2008 HUD DDA's Reference Map |
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September 14, 2009 -- 2009 Carryover Application
The 2009 Carryover Application has been updated and is available for use. Applications are due to OHCS no later than December 1, 2009. |
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| August 10, 2009 -- The application window for TCAP/Section 1602 Gap Financing is now closed. Thank you to all who have submitted an application. |
July 13, 2009 -- The TCAP/Section 1602 Gap Financing Application is available at: http://www.ohcs.oregon.gov/OHCS/Recovery/ARRA_Oregon_Tax_Credit_Assistance_Program.shtml
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May 21, 2009 -- Comment Period Closed
The comment period for the Competitive Process and Selection Criteria for Tax Credit Assistance Program (TCAP) is now closed. Thank you to all who have provided feedback.
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May 20, 2009 -- Competitive Process and Selective Criteria
The public meeting for the Competitive Process and Selective Criteria for Tax Credit Assistance Program (TCAP) was held in Salem on May 18, 2009 from 1-3 PM. Below is the Powerpoint presentation OHCS staff put together on this issue. Written public comments will be accepted until today at 5:30 PM.
TCAP Competitive Selection Criteria Hearing Presentation
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May 13, 2009 -- ARRA Implementation Plan Draft
A public comment period regarding the TCAP Competitive Selection Process and Criteria as outlined in the ARRA Implementation Plan Draft (pages 6 through 9) is planned for May 14 through May 20, 2009.
Notice of Public Comment Period and Public Meeting Notice
DRAFT – Tax Credit Assistance / Tax Credit Exchange Plan
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April 19, 2009 -- The Multifamily Tax Subsidy 2009 Income and Rent Limits
The Multifamily Tax Subsidy Program (MTSP)* 2009 Income and Rent Limits were issued by HUD on March 19, 2009, with an effective date of April 19, 2009. With the enactment of the Housing and Economic Recovery Act of 2008, income and rent limits for projects funded with Housing Credits under Section 42 of the IRC and/or Tax-Exempt Bonds under Section 142 of the IRC will be calculated and published seperately from HUD's Section 8 limits.
*Beginning in 2009, LIHTC and Tax-Exempt Bond Program rent and income limits will be called the MTSP Limits, and can be found on HUD's website at http://www.huduser.org/datasets/mtsp.html.
The data set is available on the OHCS website at: http://www.ohcs.oregon.gov/OHCS/HPM_income_rent_limits.shtml.
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