Legislative Updates

AHMA-PSW’s Affordable Housing News 11/14/19

  • On October 11, 2019 the Social Security Administration posted the 2020 which will be 1.6%. Go to www.ssa.gov for more info. New MediCare premiums have not been announced.
  • The Arizona Department of Housing has posted a third draft of the 2020 Qualified Allocation Plan (QAP) on its website. Please download the Information Bulletin for additional information.
  •  The 2020 TCAC Excel application (joint application Attachment 40) is now available. TCAC is in the process of updating all application attachments for 2020. If you are submitting an application with a November 15, 2019 deadline, these 2020 attachments are available: https://www.treasurer.ca.gov/ctcac/2019/application.asp. For all other attachments, use the 2019 attachments (applications with a January 17, 2020 will be required to use all 2020 attachments). The Excel application/Attachment 40 is for applications requesting either 4% federal credit only or 4% federal credit with state credit – $500 million tranche. Please note, an earlier version of the Excel application/Attachment 40 had an error in the Basis and Credits sheet. The applicable percentage has been corrected to 3.24%. Please correct any applications in process with the incorrect percentage of 3.30%. All applications must use 3.24% applicable percentage. The CDLAC-TCAC joint application update is in process.