QAP

Here it is folks:

12QAPdraft_3

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According to a department email, the Delaware State Housing Authority will be:

undertaking a review and evaluation of Housing Development’s programs, policies and practices. Specifically… reviewing the Qualified Allocation Plan (QAP) and the policies and practices associated with the QAP and the Low Income Housing Tax Credit program/application.

The review will take place over the next several weeks and will involve feedback from DSHA staff, developers, and other member of the affordable housing community in Delaware. Additionally, DSHA has hired an independent contractor, “to help ensure that outcomes are relevant and meaningful”.

The reform measures could be a result of this year’s heated QAP approval process and the numerous concerns raised by Delaware’s LIHTC development community.

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Governor Martin O’Malley signed the 2011 QAP and Multifamily Rental Financing Program Guide on January 24, 2011. The final versions of the QAP and Guide can be found below. All applications submitted after January 24, 2011 must comply with the January 24, 2011 version of the QAP and Guide:

2011 QAP Final 1-24-11

2011 Guide Final 1-24-11

Applications for the Spring 2011 Competitive Funding Round are due Tuesday, April 12, 2011 at 5:00 PM. Applications must be delivered to the mailroom on the ground floor of 100 Community Place, Crownsville Maryland 21032.  All applications must use the updated Application Submission Kit that will be posted to the DHCD website by February 12, 2011

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DOVER — This past Friday, The Delaware State Housing Authority held a public hearing to discuss the 2011 Low Income Housing Tax Credit Qualified Allocation Plan. In what Cindy Deakyne, DSHA Housing Asset Manager, described as a “most lively” meeting, members of the public expressed their concerns over a number of changes in the state’s QAP.

Among the changes that drew the largest attention was a modification to the State’s Preservation Rehabilitation Pool. Critics of the modification pointed to the inclusion of a point category for projects whose hard costs exceed $50,000.

David Layfield of Green Street Housing, a Delaware affordable housing developer (and co-founder of Housing Think) expressed his concerns that assessing this cost in the review process would prove timely and costly for DSHA and developers, “How do you measure that [hard costs?]… How is this substantiated? The CNA requirements would have to be revamped and it appears that they have not”. He also noted that the additional availability of 7 points to projects meeting this threshold automatically put new construction projects at a disadvantage in the non-profit pool.

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November, 2010 drafts of Maryland Department of Housing and Community Development’s 2011 QAP and Multifamily Rental Financing Program Guide:

Maryland Final Draft QAP
Maryland Final Draft QAP (Blackline)
Maryland Final Draft Guide
Maryland Final Draft Guide (Blackline)

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