We are pleased to highlight Westminster Place at Carroll Village in our Success Stories series. Westminster Place at Carroll Village is located in Dillsburg, Pennsylvania, and was developed by Presbyterian Senior Living . The development was completed and began leasing up in May and is already fully occupied and has a waiting list. The development is comprised of 29 one-bedroom and two-bedroom units, averaging 658 – 867 square feet. The 29 rental units are for individuals age 55 and older with low to moderate income. The development has the unique feature of underground parking available to all residents. Westminster Place at Carroll Village includes four units designed for occupancy by persons who use a wheelchair. Other features of the development include ample storage in the units in addition to 12 square feet of storage for each unit elsewhere in the building; laundry facilities on each floor; and a community room and social space for community activities.

If you would like to have a development considered for our Success Stories series, please e-mail affordablehousing@macpas.com. 

The Pennsylvania Housing Finance Agency (PHFA) issued a draft of their 2012 Qualified Allocation Plan (QAP). PHFA is proposing to return to a one-application submission process for the 2012 low-income housing tax credits. According to the draft QAP, applicants will be required to submit their application on or before October 12, 2011. It appears that the requirements for the 2012 application will be similar to the application requirements for the 2011 applications. Stay tuned for further details!

McKonly & Asbury is a leader in preparing and consulting on low-income housing tax credit applications in Pennsylvania. Our team is passionate about making your application a success. We have a comprehensive understanding of the challenges and nuances of structuring a low-income housing tax credit deal. We are able to assist you in putting the entire application package together for submission, or we can review your application and provide suggestions for optimizing points for PHFA scoring. We will help you maximize your tax credits and, therefore, increase your equity proceeds. For more information, please contact Elizabeth Brooks at ebrooks@macpas.com.

The Pennsylvania Housing Finance Agency (PHFA) announced the conditional awards for 2011 PHFA funding and low-income housing tax credits. For a list of developments receiving this funding, click here. Congratulations to all who have received this great news!