4% Housing Tax Credit Program

Application Procedures
The application requirements are detailed in the 4% Qualified Allocation Plan. Applications are accepted on an ongoing basis.
 

Reservation Procedures
An administrative review is conducted on each application. The application must pass threshold requirements for the Housing Tax Credit Program. A non-refundable reservation fee is assessed at 1% of the total 10-year tax credit amount.
 

Determination of Credit Amount
The amount of credit is limited to no more than the amount necessary for the financial feasibility of the project. The credit is determined by taking a percentage of the "qualified" costs of the development.

 
 

Notice Contact
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Dave Vaske | LIHTC Manager

Tim Morlan | Underwriter