NOTICE OF PUBLIC HEARING ON REVISED QUALIFIED ALLOCATION PLAN FOR LOW INCOME HOUSING TAX CREDITS

From: "My NYC.gov News" MyNYC@nyc.gov

To: m07smith

Sent: Mon, 26 Mar 2007 14:52:59 -0400 (EDT)

Subject: NOTICE OF PUBLIC HEARING ON REVISED QUALIFIED ALLOCATION PLAN FOR LOW INCOME HOUSING TAX CREDITS


March 26, 2007
NOTICE OF PUBLIC HEARING ON REVISED QUALIFIED ALLOCATION PLAN FOR LOW INCOME HOUSING TAX CREDITS

Pursuant to Section 42 of the Internal Revenue Code and under the authority of the New York State Executive Order 135, the City of New York, through its Department of Housing Preservation and Development (HPD), hereby announces a public hearing on the City’s 2007 Qualified Allocation Plan (“the Plan”) for allocating federal low income housing tax credits to eligible rental housing projects located in the City of New York.

HPD’s 2007 Plan contains revisions regarding administrative procedures, project financing and development costs, competitive criteria, project underwriting and compliance monitoring. Copies of the Plan will be available from HPD after March 23rd, 2007. A copy can be obtained in person during normal business hours from 9 AM to 5 PM at HPD, 100 Gold Street, Room 9-U8 or on the HPD website at www.nyc.gov/hpd

A public hearing has been scheduled by HPD to obtain comments on the Plan. If you wish to testify at the hearing, you may do so by appearing at the date and time listed below:
Wednesday, April 4th, 2007 10:00 a.m. to 10:30 a.m. 100 Gold Street, Room 1-R

All speakers are encouraged to provide a written copy of their testimony. In addition, persons not speaking at the hearing may submit written comments on or before April, 3rd, 2007 to: HPD, Tax Credit and Compliance Unit, 100 Gold Street, Room 9-U8, New York, NY 10038.
Individuals requesting sign language interpreters should contact the Mayor's Office of Contracts, Public Hearings Unit, 253 Broadway, Room 915, New York, New York 10007, (212) 788-7490, no later than seven (7) business days prior to the public hearing. TDD users should call Verizon relay services.

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