TDHCA Updates
2020 MFDL Income and Rent Limits Released
The Community Planning and Development (CPD) section of the U.S. Department of Housing and Urban Development (HUD) has released the 2020 income and rent limits for the HOME Investment Partnerships Program (HOME), Neighborhood Stabilization Program (NSP) and the National Housing Trust Fund (NHTF) programs. These limits have been incorporated into the 2020 Project Income and Rent Tool that can be found on the Texas Department of Housing and Community Affairs (TDHCA) website at https://www.tdhca.state.tx.us/pmcomp/irl/index.htm.
2020 Competitive (9%) Housing Tax Credit Cycle Posting
Earlier today, the Texas Department of Housing and Community Affairs (TDHCA) posted to its website a list of 2020 Competitive (9%) Housing Tax Credit Applications that are eligible for an award of tax credits for the 2020 program year. If you have an appealable...
TDHCA Asset Management 10% Test Submission Deadline Extended for 2019 9% HTC Awards
The Texas Department of Housing and Community Affairs (TDHCA) seeks to notify Owners and Agents that the deadline to submit the 10% Test package for 2019 9% Competitive Housing Tax Credit Awards has been extended from July 1, 2020, to July 15, 2020, in accordance with...
TDHCA May 2020 Meeting Highlights
The TDHCA Board convened their monthly board meeting on May 21, 2020. This meeting was held in a virtual format as authorized by Executive Order of the Governor. Here is a summary of the board actions: The Board adopted a resolution recognizing June as Homeownership...
New Compliance Requirements Announcement
On May 17, 2020, the TDHCA Compliance Monitoring rules (10 TAC, Subchapter F) became effective in the Texas Register. Please visit our website and review the new rules which can be found at: https://www.tdhca.state.tx.us/pmcomp/manuals-rules-htc.htm Also of note is...
Draft 2021 Regional Allocation Formula Methodology Public Comment Period and Public Hearing Announcement
The Texas Department of Housing and Community Affairs (TDHCA) announces the opening of a public comment period, including one public hearing, for the draft 2021 Regional Allocation Formula (RAF) Methodology. The public comment period begins Friday, June 5, 2020, and...
Analyzing the Impact of Lowering the 50% Test for 4% Tax-Exempt Bond-Financed Properties
This week, NCSHA published a report showing how lowering the “financed-by” threshold — commonly referred to as the 50 percent test — for bond-financed Housing Credit projects would impact available Private Activity Bond cap and could increase multifamily affordable housing production.
TDHCA April 2020 Meeting Highlights
The TDHCA Board convened their monthly board meeting on April 23, 2020. Here is a summary of the board actions: The Board passed two resolutions: (1) celebrating May 2020 as Community Action Month in Texas – observing the hard work and dedication of Texas Community...
Guidance on the Use of Special Reserve Accounts for Tenant Benefit during the COVID-19 Pandemic
The Texas Department of Housing and Community Affairs encourages developments with Special Reserve Accounts to use these funds to provide grants of assistance to tenants who have had a sudden loss of income or increased household costs due to the COVID-19 pandemic,...
TDHCA March 2020 Meeting Highlights
The TDHCA Board convened their monthly board meeting on March 26, 2020. This was TDHCA’s first virtual board meeting, which was authorized by Executive Order of the Governor to allow for state business to continue for the time being. Here is a summary of the board...
Annual Reports
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