Prior Year LIHTC Updates

Prior Year Low Income Housing Tax Credit (LIHTC) Program Updates:

If there are questions regarding the information listed below, please contact Carol Thompson in the Low Income Housing Tax Credit program.

For more recent information releases, see the Recent LIHTC Updates page

2020

MSHDA held a Virtual Information Hearing on Wednesday December 9, 2020, to take comments and recommendations for modification of the Qualified Allocation Plan. The Information Hearing notice along with comments and suggestions received can be found on the Virtual QAP Information Hearing December 9, 2020 page.
The final 2021 Qualified Allocation Plan, Staff Report, Scoring Summary, and approval letter from the Governor can be found on the Qualified Allocation Plan page.
Information on 2020 Funding Rounds is available on the 2020 Funding Round Information page.

Information on 2019 Funding Rounds is available on the 2019 Funding Round Information page.

Information on 2018 Funding Rounds is available on the 2018 Funding Round Information page.
The 2019-2020 QAP was approved by the Governor on July 11, 2018. The approval letter and final QAP documents can be found on the Qualified Allocation Plan page.
A memo regarding Income Averaging Guidance was issued on June 13, 2018.

Information on 2017 funding rounds is available on the 2017 Funding Round Information page.
A memo regarding Further Guidance on Proposed Strategies to address Equity Market Undertainty was issued on May 31, 2017.
A memo regarding Proposed Strategies to Address Market Uncertainty was issued on April 21, 2017. The memo can also be found on the Qualified Allocation Plan page.

Information on 2016 funding rounds is available on the 2016 Funding Round Information page.
On February 9, 2016 MSHDA issued a Clarification Regarding Use Of 9% Credit Rate memo.

Information on 2015 funding rounds is available on the 2015 Funding Round Information page.
On January 22, 2015 MSHDA issued a Clarification Regarding Use Of 9% Credit Rate memo.

Information on 2014 funding rounds is available on the 2014 Funding Round Information page.

A memo dated January 23, 2013 on Clarification Regarding Future Use Of The 9% Credit Rate has been posted to the 2013 Funding Round Information page.
Information on 2013 funding rounds is available on the 2013 Funding Round Information page.

The Authority has issued a memo, dated August 8, 2012, regarding the Expiration of the 9% Credit Rate & August 2012 Round Credit Availability. The memo is also available on the 2012 Funding Round Information page.
Information on 2012 funding rounds is available on the 2012 Funding Round Information page.

Lists of projects that applied for and/or received credit in LIHTC funding rounds held from 2003-2011 can be found on the Prior Year Funding Round Information page.
The LIHTC Program has issued a Memo dated October 26, 2011 indicating the intention of the Authority to reinstate its prior practice of charging fees to projects that need additional time to meet project-specific deadlines, primarily the LIHTC Commitment deadline. The fee charged will be equal to 1% of the annual credit amount.
Information about ARRA is available on the American Recovery & Reinvestment Act, Preliminary Implementation Plan, MSHDA Draft page.
The Internal Revenue Service (IRS) has issued guidance on projects that have elected to fix their rate and would now like to receive the 9% rate pursuant to section 3002 of the Housing Assistance Tax Act of 2008. MSHDA has issued a memo regarding the clarification:November 17, 2008 MSHDA memo
The complete notice can be found on the IRS web site.