The Pennsylvania Housing Finance Agency (PHFA) has issued guidance on extensions of 10% Tests and Placed in Service Dates as a result of COVID-19. 

2019 Developments that entered into a Carryover Agreement prior to March 30, 2020, will receive a six month extension to meet the 10% Test. The new deadline for those owners to incur more than 10% of the Development's reasonably expected basis is April 25, 2021. Developments that were awarded a Forward Commitment of 2020 Low-Income Housing Tax Credits (LIHTC) and entered into a Carryover Agreement in April 2020 will also have until April 25, 2021, to incur more than 10% of the Development's reasonably expected basis.

Registration is now open for our 2020 Spring Affordable Housing Webinar Series, so be sure to register today!

AHP Funding Opportunities: Tuesday, June 2, 2020 at 2:00pm EST

This webinar features special guest, Fred Banuelos (Community Investment Business Development Manager at FHLBank Pittsburgh). During this webinar, Fred will discuss funding available from FHLBank Pittsburgh for the 2020 funding round.

Learn more and register here: https://register.gotowebinar.com/register/1707563954872536080

Placed In Service Package Review: Tuesday, June 9, 2020 at 2:00pm EST

In this webinar, Elizabeth Harriger (Partner & Director of Affordable Housing Services) and Josh Bantz (Senior Manager) with McKonly & Asbury will review the placed in service requirements per the PHFA checklist and discuss each item needed.

Learn more and register here: https://register.gotowebinar.com/register/220975855607566352

PHFA Update: Wednesday, June 17, 2020 at 2:00pm EST

This webinar features special guest, Holly Glauser (Director of Development at PHFA) who will provide an update on LIHTC developments at PHFA including revised deadlines due to COVID-19, status of 2020 LIHTC application awards, and other new developments.

Learn more and register here: https://register.gotowebinar.com/register/1095453737061633296

Each of these one hour-long webinars will offer one “Specialized Knowledge” CPE credit to attendees. The programs are live webinars which offer you the opportunity to ask questions and interact with the presenters. We look forward to you joining us!