COVID-19 INTERIM RESPONSE

DCA COVID-19 RESPONSE 

In response to COVID-19, the National Council of State Housing Agencies (NCSHA) has compiled a list of recommendations for the IRS and Congress to adopt regarding the LIHTC program and administration.  The Housing Finance & Development Division seeks to provide extensions to internal deadlines, while managing federal requirements until guidance is received by the IRS and Congress.
 
*Update* 

On July 1, 2020, the IRS issued Notice 2020-53 to provide tax relief to issuers, operators, owners, and tenants of qualified low-income housing projects or qualified residential rental projects financed with exempt facility bonds, and state agencies that have jurisdiction over these projects. You can find the IRS press release here.  

 

DCA COVID-19 RESPONSE AND INTERIM POLICIES

*Click the Department heading below to view all updated polices*

PORTFOLIO MANAGEMENT

Regulatory Compliance and Asset Management

HOUSING FINANCE AND DEVELOPMENT

Development and Construction

COMMUNITY HOUSING DEVELOPMENT

Currently Funded Chip Grantees

DCA OPERATIONS 

General Q & A

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ASK DCA LIVE Q&A WEBINAR

(April 15, 2020)

Did you miss the ASK DCA Live Q&A Webinar?  Click HERE to review the Q&A discussion responses.  Be sure to sign up for the Blast to receive notice of future webinar dates.

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COVID-19 IMPACT ON THE GEORGIA PORTFOLIO

DCA would like to know how COVID-19 has impacted your property operations and financial revenue.  Please take a moment to complete our survey HERE.

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SUBMITTING QUESTIONS TO DCA

Please submit any questions to compliance@dca.ga.gov (subject line "COVID-19 QUESTION")

Use this email for all Housing Finance & Development subjects

(Compliance Monitoring, Resident Services & Events, 9% Application, Construction Inspections, PIS Deadline, Credit Exchange, etc.)

To allow staff sufficient time to research solutions, the DCA Housing Finance & Development Division’s Q&A will be updated on a weekly basis, effective Monday, March 23, 2020. Our goal is to be transparent, reasonable and prudent in decision-making. Above all else, our residents’ safety and health is our biggest concern.

 

*All DCA interim policy updates are subject to change