Public Hearings on State Affordable Housing Plan Tuesday (Jan. 16) in Boise

BOISE - A public hearing regarding changes to the State of Idaho's 2001 Low-Income Housing Tax Credit Qualified Allocation Plan will be held Tuesday (Jan. 16), the Idaho Housing and Finance Association announced today. The affordable housing community and all developers in building multifamily housing are encouraged to attend. The hearing will begin at 8:30 a.m. at IHFA's Boise office, 565 W. Myrtle St. in the first floor conference room.

The public is invited to attend and make written or oral comments concerning changes to the Qualified Allocation Plan. Copies of the plan, including changes, are available by calling 208-331-4769. Those unable to attend the hearing may submit comments by Jan. 16 to: IHFA Multifamily Finance Department, PO Box 7899, Boise, ID 83707-1899.

The Credit Reform Bill (HR 4577) recently passed by Congress requires changes to the Qualified Allocation Plan effective January 1, 2001. These changes include increases in the Housing Tax Credit Cap, changes in selection criteria and a preference for community revitalization projects.

Housing Tax Credits are available to owners of qualified rental projects who are willing to designate at least 20 percent of the development's units for low-income use. Credit is allocated on a competitive basis in accordance with the state's approved Qualified Allocation Plan.

The Idaho Housing and Finance Association, a financial services and housing organization, provides funding for affordable housing in Idaho communities where they are most needed and when it is economically feasible. IHFA uses no state funds or state employees to support its operations.

The Idaho Housing and Finance Association, a financial services and housing organization, provides funding for affordable housing in Idaho communities where they are most needed and when it is economically feasible. IHFA uses no state funds or state employees to support its operations. For more information, visit our Web site at www.ihfa.org.