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The Texas Department of Housing and Community Affairs (TDHCA) seeks to notify Owners and Agents that the placed-in-service deadlines for 9% Competitive Housing Tax Credit Awards have been extended in accordance with IRS Notice 2022-52. Deadlines are as follows:

  • 2018 9% HTC Awards: Placed-in-Service deadline is December 31, 2022.
  • 2019 9% HTC Awards: Placed-in-Service deadline is December 31, 2023.
  • 2020 9% HTC Awards: Placed-in-Service deadline is December 31, 2024.
  • 2021 9% HTC Awards: Placed-in-Service deadline is December 31, 2024.

Please note that the 10% Test deadlines were not changed by IRS Notice 2022-52. If an extension to the 10% Test deadline is necessary, a reallocation of credits under force majeure must be approved by TDHCA prior to the current 10% Test deadline. Development owners of 2021 Competitive Housing Tax Credit awards who intend to request supplemental housing tax credits in the 2023 round should be mindful that the 10% Test deadline remains December 31, 2022. Failing to meet the 10% Test by December 31, 2022, will result in termination of the award. Owners who cannot meet this deadline are encouraged to request treatment under the force majeure provision of the QAP established in 10 TAC Section 11.6(5) no later than November 15, 2022, in order for those requests to be heard by the Department’s Governing Board at its December meeting scheduled for December 8, 2022.

For Construction Status Reports, Development Owners are required to continue reporting each quarter in accordance with the Post Award and Asset Management Requirements (Asset Management Rules) located on the following webpage:  https://www.tdhca.state.tx.us/asset-management/rules.htm. If construction has not started during the reporting quarter, a brief explanation of the status of the Development, including the anticipated closing date if it has not yet occurred, will be accepted in lieu of the Construction Status Report. However, a complete initial Construction Status Report must be submitted in the next reporting quarter following the Development’s closing.

Questions can be directed to your individual Asset Manager. Designated Asset Managers are listed on the Asset Manager Assignments and Contact List page at https://www.tdhca.state.tx.us/asset-management/contacts.htm.