Legislative Updates

AHMA-PSW’s Affordable Housing News 1/10/19


  • TRACS RELEASE 2.0.3.A DELAYED IMPLEMENATATION SCHEDULE: TRACS Release 2.0.3.A forms approval is still pending Office of Management and Budget (OMB) forms approval. As a result, the targeted February 1, 2019 implementation date for TRACS Release 2.0.3.A will need to be postponed. The new date will be set to two months, to begin on the first of the month, after approval by OMB forms approval. The Office of Multifamily Housing Programs (MFH) will publish a stakeholder notification with the: [i] OMB approval of HUD’s new and/or revised forms and [ii] new expiration dates for HUD forms on the TRACS documents page: https://www.hud.gov/program_offices/housing/mfh/trx/trxsum. 
  • The Arizona Department of Housing is providing notice that an LIHTC property is seeking a Qualified Contract for acquisition from any buyer(s) who will continue to operate the property as affordable through the extended use period in accordance with the Land Use Restriction Agreement and Section 42 of the Internal Revenue Code. Please download the Information Bulletin for additional information.
  • The Arizona Department of Housing (ADOH) is pleased to provide the YE2018 Annual Report material for both Low Income Housing Tax Credit (LIHTC) and State Housing Fund (SHF) projects. The LIHTC Annual Reports (AR) are due March 15th annually. The SHF Annual Reports are due annually on August 1st. The ADOH LIHTC Compliance Manual has also been updated. Please download the Information Bulletin for additional information.

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