State LIHTC Program Descriptions

The links in the map above take users to the program descriptions below, which is maintained by Novogradac & Company. We will update this list as new information becomes available. If you would like to correct or update the information listed above please email [email protected].

Arizona (Proposed)

Program  
Administering Agency  
Enacting Legislation H.B. 2732
Amending Legislation  
Related Statutes and Documents  
Application  
Application Process  
Application Deadline(s)  
Allocation Process/Priorities  
Annual State CAP $8 million
Transaction CAP  
Credit Description Credit for at least 50 percent of the federal LIHTC. Taken against the premium tax.
How To Claim the Credit  
Bifurcated from Federal LIHTC?  
Credit Period (Compliance)  
Recapture Same as federal LIHTC.
Other  
Novogradac Contact Bill Letsinger
State Contact Ruby Dhillon-Williams
Assistant Deputy Director/Housing & Community Development
[email protected]

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Arkansas

Program Arkansas State Housing Credit
Administering Agency Arkansas Development Finance Authority
Enacting Legislation H.B. 2197
Amending Legislation H.B. 2197-H2, H.B. 2197-H3
Related Statutes and Documents A.C.A. Section 26-51-17
Application

LIHTC Multifamily Housing Application 

Application Process

Request for state tax credits should be included with federal LIHTC application

Application Deadline(s) 4:30 p.m. the first Monday of March 
Allocation Process/Priorities
  • Developments that receive federal credits and are in the low-income counties designated in the State Consolidated Plan will receive State Housing Credits equal to 20 percent of the federal credit total.
  • If there is a shortage of state credits, credits will be awarded to developments located within Qualified Census Tracts (QCT), starting with highest scoring under the MFHA’s system.
  • If there are not enough eligible developments in QCTs, state credits will be awarded to developments located within counties that have not received credits in the previous three years, starting with highest scoring under the MFHA’s system.
  • Remaining credits will be distributed according to the scores of the MFHA system.
  • No less than 10 percent of state credits will go to nonprofits.
Annual State CAP  
Transaction CAP 20 percent of the federal award
Credit Description 9 percent
How To Claim the Credit Submit Arkansas Individual Income Tax Schedule of Tax Credits AR1000TC to claim the credits
Bifurcated from Federal LIHTC? Yes
Credit Period (Compliance) 10 years (15 years)
Recapture Same as federal
Other

 

Novogradac Contact

Brad Elphick

State Contact

Matt Barker
General Counsel and Vice President for Multifamily Housing
Arkansas Development Finance Authority
[email protected]

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California

Program California State Low Income Housing Tax Credit
Administering Agency California Tax Credit Allocation Agency
Enacting Legislation Chapter 658, Statutes of 1987
Amending Legislation A.B. 1903; A.B. 2846; S.B. 713; S.B. 585;  A.B. 952; S.B. 837
Related Statutes and Documents California Revenue and Taxation Code Section 23610.5California Code of Regulations Title 4, Division 17, Chapter 1 May 16, 2018 
Application

 

Application Process

Request for state tax credits should be included with federal LIHTC application.

Application Deadline(s)

Not Available

Allocation Process/Priorities
  • State tax credit recipients must first receive federal tax credits, or qualify under Section 42(h)(4)(b) of the Internal Revenue Code. State Farmworker Credits are exempt from this requirement.
  • Special Needs developments within a QCT or DDA can request state credits. CTCAC designates all Special Needs housing types as within DDAs.
  • All remaining tax credits will be allocated to federal tax credit recipients in exchange for an “equivalent” amount of federal credits at the discretion of the Executive Director.
Annual State CAP  
Transaction CAP

30 percent of eligible basis for 9 percent credits

13 percent of eligible basis for 4 percent credits

Credit Description 9 percent and 4 percent
How To Claim the Credit Not Available
Bifurcated from Federal LIHTC? Yes
Credit Period (Compliance) 4 years
Recapture Same as federal
Other Application Information: FAQCalifornia Code of Regulations Title 4, Division 17, Chapter 1; October 21, 2015 Adopted Regulations; October 21, 2015 Adopted Regulations (strikeout/underlined version)CTCAC Allocation Process for Set Asides and Geographic Regions; S.B. 837: The bill also creates a new authority to certificate state credits, meaning they can be sold outright to a state investor rather than requiring the investor to be a partner. 
Novogradac Contact

Jim Kroger, CPA

State Contact

Judith Blackwell
Executive Director, California Tax Credit Allocation Committee

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Colorado

Program Colorado Low Income Housing Tax Credit
Administering Agency Colorado Housing and Finance Authority
Enacting Legislation H.B. 14-1017
Amending Legislation H.B. 1465; SB 18-007
Related Statutes and Documents

2019 Colorado Department of Revenue Private Letter Ruling PLR 19-004 

2018 Colorado Revised Statutes Section 39-22-2102: Credit against tax - affordable housing developments

2018 Colorado Revised Statutes Section 36-22-2101 

2014 Colorado Revised Statutes Section 39-22-2101

2013 Colorado Revised Statutes Section 39-22-2101

Application

LIHTC Application

 

Application Process

2017 QAP 

Application Deadline(s) Not Available
Allocation Process/Priorities

Allocation is based on the following selection criteria:
Primary selection criteria:

  1. Low-income targeting
  2. Extended low-income use
  3. Homeownership options
  4. Community revitalization plan
  5. Tenant population with special housing needs
  6. Subsidized housing waiting list

In addition, for all state credit applications, developments using 4 percent federal credits rather than 9 percent federal credits will be a priority; new construction has priority over acq/rehabs.

Annual State CAP  
Transaction CAP 30 percent of qualified basis
Credit Description

SB 18-007 extends Colorado’s Affordable Housing Tax Credit (state AHTC) program through 2024.

How To Claim the Credit Owners of qualified developments and tax credit recipients should attach the allocation certificate issued by the Colorado Housing and Finance Authority and the owner’s certification as to the allocation of the credit among the qualified taxpayers having ownership in the development to their state income tax returns. The credit is claimed evenly over six years, beginning with the year the development is first placed in service. 
Bifurcated from Federal LIHTC? Yes
Credit Period (Compliance) 6 years (15 years) (All developments must comply with the rent and income requirements through a 15-year compliance period)
Recapture Same as federal
Other Letter of Information
Novogradac Contact

Jeff Nishita

State Contact

Jerilynn Martinez​

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Connecticut

Program Connecticut Housing Tax Credit Contribution Program
Administering Agency Connecticut Housing Finance Authority
Enacting Legislation Bill No. 5955
Amending Legislation Not Applicable
Related Statutes and Documents Connecticut General Statutes Section 8-395
Application Application Process
Application Process

Request for state tax credits should be included with federal LIHTC application

Application Deadline(s)

9 percent LIHTC: Application rounds are typically held each year in the fall.

4 percent LIHTC: Because 4 percent LIHTC are awarded on a non-competitive basis, developers may apply for 4 percent LIHTC at any time.

Allocation Process/Priorities

Applications are ranked based on the following criteria:

  1. Readiness to Proceed
  2. Type of Housing Program
  3. Target Population
  4. Administrative Capability of the applicant
  5. Use of Funds in Urban Areas and Impact on Neighborhood Revitalization
  6. The extent to which tax credit funds are leveraged by other funds.
Annual State CAP Up to $10 million, with $2 million set-aside for supportive housing and $1 million is set-aside for workforce housing as defined by CHFA. 
Transaction CAP $500,000 per funding year
Credit Description A nonprofit corporation can receive up to $500,000 annually in state tax credits which can then be sold to state business firms in return for cash contributions to the nonprofit corporation’s housing program. Eligible business firms may be able to claim a charitable deduction for their contribution.
How To Claim the Credit A completed CHFA-DOH Consolidated Application for Housing Development (ConApp) must be submitted by the published deadline.  
Bifurcated from Federal LIHTC? Yes
Credit Period (Compliance) 10 Years (15 Years)
Recapture Credit recipients must submit quarterly progress reports to CHFA.  Housing programs that do not meet their development schedule and completion dates can forfeit funds contributed by business firms to CHFA and the HTCC credits will be returned to CHFA. 
Other

 

Novogradac Contact

Charlie Rhuda, CPA

State Contact

Masouda Omar
Managing Director of Multifamily
[email protected]

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D.C.

Program District of Columbia Low-Income Housing Tax Credit
Administering Agency District of Columbia Housing Finance Agency
Enacting Legislation Act 20-449
Amending Legislation Not Applicable
Related Statutes and Documents District of Columbia Code Section 2-47
Application

Not Available

Application Process

Not Available

Application Deadline(s) Not Available
Allocation Process/Priorities

Not Available

Annual State CAP $1 million for the pilot year.
Transaction CAP Not Available 
Credit Description Not Available
How To Claim the Credit A qualified development must receive an Eligibility Statement from the DC Department of Housing and Community Development.  The owner must then submit the Eligibility Statement each year with the filing of its state tax return.
Bifurcated from Federal LIHTC? All or any portion of the DC low-income housing tax credits may be transferred, sold, or assigned.
Credit Period (Compliance) The DC Department of Housing and Community Development will monitor and oversee compliance with the DC low-income housing tax credit program.
Recapture D.C. low-income housing tax credits will not be allowed for a tax year if an owner of a qualified development does not submit a copy of the Eligibility Statement issued by the D.C. Department of Housing and Community Development with respect to the qualified development at the time of the filing of the owner’s state tax return.  If a portion of the federal low-income housing tax credits are required to be recaptured, the DC low-income housing tax credit will also be recaptured in an amount equal to the amount of D.C. low-income housing tax credits previously claimed multiplied by a fraction, the numerator of which is the amount of recaptured federal low-income housing tax credits, and the denominator of which is the amount of federal low-income housing tax credits previously claimed.
Other The D.C. Department of Housing and Community Development may charge a user fee equal to up to 1 percent of the D.C. low-income housing tax credits awarded to a qualified development.
Novogradac Contact

Dirk Wallace

State Contact

Nkosi Bradley
(202) 777-1633

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Georgia

Program Georgia Housing Tax Credit Program
Administering Agency Georgia Department of Community Affairs
Enacting Legislation H.B. 272
Amending Legislation Not Applicable
Related Statutes and Documents O.C.G.A. Section 48-7-29.6
Application

 

Application Process

Request for state tax credits should be included with federal LIHTC application.

Application Deadline(s) Not Applicable
Allocation Process/Priorities The state credit will be automatically allocated on a dollar-for-dollar basis with the federal credit (for both the 9 percent and 4 percent federal credit).
Annual State CAP

 

Transaction CAP The annual state credit dollar amount will equal that of the federal credit.
Credit Description The annual state credit dollar amount will equal that of the federal credit.
How To Claim the Credit Form IT-HC
Bifurcated from Federal LIHTC? Yes
Credit Period (Compliance) Same as federal
Recapture Same as federal
Other 2017 Draft QAP; The Final Report of the Georgia House Study Committee on Low-Income Housing Tax Credits
Novogradac Contact

Brad Elphick, CPA

State Contact 

Georgia Department of Community Affairs
(404) 679-4940
Email

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Hawaii

Program Hawaii Low-Income Housing Tax Credit
Administering Agency Hawaii Housing Finance and Development Corporation
Enacting Legislation H.B. 960
Amending Legislation

S.B. 2833H.B. 2304 

Related Statutes and Documents Hawaii Revenue Statute Section 235-110.8
Application

Contact Hawaii Housing Finance & Development Corporation at (808) 587-0567 for an application package.

Complete and accepted applications shall then be evaluated in accordance with the allocation plan to determine the development’s rank in relation to other developments in the evaluation. Developments receiving the highest ranking shall then be further evaluated to determine the minimum amount of LIHTC required to make the development feasible. The amount of LIHTC reserved or allocated to a particular development will be limited to the minimum amount the HHFDC, in its sole discretion, deems necessary to make the development feasible.

Application Process

Request for state tax credits should be included with federal LIHTC application.

Application Deadline(s)

Application Deadlines:

  • TBD for 2017
    Applications accepted throughout the year.

Please contact program staff for the dates. Subject to change.

Allocation Process/Priorities The state credit will be automatically allocated at 50 percent of the federal credit.
Annual State CAP

 

Transaction CAP 50 percent of the federal credit
Credit Description 9 percent and 4 percent
How To Claim the Credit Form N-586
Bifurcated from Federal LIHTC? Yes
Credit Period (Compliance)

Allocations before Jan. 1, 2017: 10 years (30 Years)
Allocations after Dec. 31, 2016: 5 years (30 Years)

Recapture Same as federal
Other 2016-2017 QAP; Governor's Message on S.B. 2833
State Contact

Jon Adkins

Novogradac & Company Contact

Darren Ueki
(808) 587-0567

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Illinois

Program Illinois Affordable Housing Tax Credit
Administering Agency Illinois Housing Development Authority
Enacting Legislation S.B. 1135
Amending Legislation H.B. 603; S.B. 2921
Related Statutes and Documents Illinois Administrative Code Section 47-2-355
Application

 

Application Process

Illinois Affordable Housing Tax Credit Checklist 

Application Deadline(s) Applications accepted year round.
Allocation Process/Priorities

The first step in applying for IAHTC is to submit a Preliminary Project Assessment (PPA). The PPA addresses development concept, design, location and proposed tenant population. PPAs are either approved or denied by IHDA and are accepted on a rolling basis for IAHTC. Approval of a PPA does not guarantee an allocation of tax credits or any other IHDA resources.

Annual State CAP

 

Transaction CAP

50 percent of the donations

Credit Description

The Illinois Affordable Housing Tax Credit (IAHTC) encourages private investment in affordable housing by providing donors of qualified donations with a one-time tax credit on their Illinois state income tax equal to 50 percent of the value of the donation. The donor can choose to transfer the credits to the development, which creates additional development financing through syndication of the credits.

The credit was extended until Dec. 31, 2021. 

How To Claim the Credit For the taxable year in which the credit is claimed, the donor claiming the credit must attach a copy of the reservation letter issued by the housing agency detailing the amount of credits allocated to their Illinois income tax return.
Bifurcated from Federal LIHTC? Yes
Credit Period (Compliance) 1 Year (1 Year)
Recapture Only in the case of fraud
Other

Expanded Donation Form

Novogradac Contact

Stacey Stewart

State Contact

 

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Indiana (Proposed)

Program Indiana Affordable Housing Tax Credit
Administering Agency Indiana Housing and Community Development Authority
Enacting Legislation H.B. 1381
Amending Legislation  
Related Statutes and Documents  
Application  
Application Process  
Application Deadline(s)  
Allocation Process/Priorities  
Annual State CAP $36 million.
Transaction CAP  
Credit Description 4 percent state credit worth up to the federal 4 percent LIHTC amount.
How To Claim the Credit  
Bifurcated from Federal LIHTC?  
Credit Period (Compliance) Six years.
Recapture  
Other  
Novogradac Contact Dirk Wallace
State Contact Matt Rayburn
Deputy Executive Director & Chief Real Estate Development Officer
[email protected]

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Kentucky (Proposed)

Program Kentucky Affordable Housing Credit
Administering Agency Kentucky Department of Revenue
Enacting Legislation H.B. 371
Amending Legislation  
Related Statutes and Documents  
Application  
Application Process  
Application Deadline(s)  
Allocation Process/Priorities  
Annual State CAP  
Transaction CAP  
Credit Description Credit is equal to the federal LIHTC but shall not be awrded to any property where the combination of the state and federal credit exceeds the amount needed to make the development financially feasible. Qualified projects are buildings that qualify for the federal LIHTC.
How To Claim the Credit  
Bifurcated from Federal LIHTC?  
Credit Period (Compliance) 10 years
Recapture Same as federal LIHTC.
Other  
Novogradac Contact Dirk Wallace
State Contact Tracy Thurston
Managing Director, Multifamily Programs
[email protected]

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Maine

Program Maine Credit for Affordable Housing
Administering Agency Maine State Housing Authority
Enacting Legislation H.P. 1180 – L.D. 1645
Amending Legislation  
Related Statutes and Documents  
Application  
Application Process  
Application Deadline(s)  
Allocation Process/Priorities 10 percent of credits first available in any calendar year must be set aside to be allocated to qualified rural development preservation projects. The allocating agency shall seek to achieve the following targets over time:
  • At least 30 percent of credit to be allocated to the construction of adaptive reuse of buildings for new rental units of senior housing; and
  • At least 20 percent of the credits to be allocated to the construction or adaptive reuse of buildings for new rental units of multifamily affordable rental housing in rural areas.
Annual State CAP $10 million. Any amount not allocated can be carried forward, but total allocation may not exceed $15 million in any calendar year.
Transaction CAP  
Credit Description Matches the federal LIHTC allocation for properties that are:
  • Either the construction of one or more new buildings or the adaptive reuse of one or more previously constructed buildings that haven’t been previously used for residential purposes.
  • Subject to a restrictive covenant requiring an income mix in which at least 60 percent of the units are restricted to households with income at or below 50 percent area median income.
  • Eligible for the 30 percent present-value credit as described in Section 42(h)(4)(B) of the Internal Revenue Code.

Credit also can be equal to 50 percent of the qualified basis of an affordable housing project that incurs not less than $100,000 includible in eligible basis in the construction or rehabilitation of an affordable housing project for which a federal LIHTC is not claimed for those expenditures. No more than $500,000 in credit may be allocated for a single project under this project and no more than 20 percent of the credits an any calendar year may be allocated to these properties.

All properties receiving the credit must remain credit-qualified affordable housing project for 45 years from the date it is placed in service.

Entire credit must be taken in the later of the first taxable year in which the federal LIHTC is claimed or the first taxable year for which the project has an allocation of the state LIHTC.

How To Claim the Credit  
Bifurcated from Federal LIHTC?  
Credit Period (Compliance) 1 year (45 Years)
Recapture  
Other Credit expires Dec. 31, 2028.
Novogradac Contact Charles Rhuda
State Contact Mark C. Wiesendanger
Director of Development
[email protected]

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Maryland (Proposed)

Program Maryland Affordable Housing Development Credit Program
Administering Agency Department of Housing and Community Development Division of Development Finance
Enacting Legislation S.B. 715
Amending Legislation  
Related Statutes and Documents  
Application  
Application Process  
Application Deadline(s)  
Allocation Process/Priorities  
Annual State CAP $5 million
Transaction CAP  
Credit Description Credit allocated to developments for which the credit is necessary for the financial viability.
How To Claim the Credit  
Bifurcated from Federal LIHTC?  
Credit Period (Compliance)  
Recapture  
Other  
Novogradac Contact Renee Beaver
State Contact Gregory Hare
Deputy Director, Rental Services
[email protected]

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Massachusetts

Program Massachusetts Low-Income Housing Tax Credit
Administering Agency Massachusetts Housing and Economic Development
Enacting Legislation S.B. 1698
Amending Legislation H.B. 3492, Chapter 142 of the Acts of 2011
Related Statutes and Documents General Laws of Massachusetts, Chapter 63, Section 31H
Application 2014 Massachusetts Housing Investment Corporation One Stop Application
Application Process

Request for state tax credits should be included with federal LIHTC application.

Application Deadline(s)

Not Available

Allocation Process/Priorities

The selection process for state credit developments fundamentally will be the same as the selection process for federal 9 percent credit developments. However, DHCD reserves the right to establish certain limits for the state credit that differ from limits for federal credit. The sponsors of developments may request an allocation of state credit in combination with federal credit. However, it is important to note that state credit typically will be allocated in lieu of a portion of federal credit, which the development might otherwise receive.

Annual State CAP

DHCD has authority to allocate up to $20 million each year in state housing credit through 2019, at which point the Department’s annual housing credit authority will revert to $10 million.

Transaction CAP

While the Department may entertain some exceptions, sponsors should make every effort to limit their state credit requests as follows:

  • $ 400,000 for developments with 40 or fewer units
  • $ 700,000 for developments with 41 to 60 units
  • $1,000,000 for developments greater than 60 units
Credit Description

The amount of credit is allocated at the discretion of the Department of Housing and Economic Development.

Sponsors of developments seeking state credit must meet one of the priority categories described in Section I of this QAP.

  • The need to better manage development costs;
  • The need to produce more units for extremely low-income (ELI) and homeless families and individuals;
  • The need to produce more mixed-income housing, with units available to a broad range of households;
  • The need to produce more housing opportunities for persons with disabilities;
  • The need to continue promoting thoughtful and strategic efforts to affirmatively further fair housing in every community in the Commonwealth.
How To Claim the Credit Attach the Eligibility Statement to your Massachusetts state tax returns.
Bifurcated from Federal LIHTC? Yes
Credit Period (Compliance) 5 years (45 Years)
Recapture Same as federal
Other State Tax Credit Program Certification
Novogradac Contact

Charles Rhuda

State Contact

Michelle O’Meara
(617) 573-1319

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Minnesota (Proposed)

Program Minnesota Housing Credit
Administering Agency Not Available
Enacting Legislation S.F. 1181, HF 1249 
Amending Legislation Not Available
Related Statutes and Documents

Not Available

 

Application

Not Available

Application Process

Not Available

Application Deadline(s)

Not Available

Allocation Process/Priorities

Not Available

Annual State CAP

  $7 million

Transaction CAP

One-sixth the total federal LIHTC allowable under the 10-year federal period.

Credit Description For Minnesota projects eligible for the federal LIHTC and not financially feasible without the credit. The agency must allocate 50 percent of the total amount to qualified projects in greater Minnesota.
How To Claim the Credit Not Available
Bifurcated from Federal LIHTC? Not Available
Credit Period (Compliance) Not Available
Recapture Not Available
Other Not Available
Novogradac Contact

Not Available

State Contact

Not Available

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Missouri

Program Missouri Low-Income Housing Tax Credit Program
Administering Agency Missouri Housing Development Commission
Enacting Legislation H.B. 960
Amending Legislation S.B. 28
Related Statutes and Documents

Revised Statutes of Missouri Chapter 135 (as of Aug. 28, 2016)

Revised Statutes of Missouri Chapter 135

Application

2017 Application 
 

Application Process

Request for state tax credits should be included with federal LIHTC application

Application Deadline(s)

The application deadline for 2017 Round 1 was Sep. 6, 2016.

The application deadline for 2017 Round 2, consisting of $3 million of 4 percent credits only, was Jan. 16, 2017.

Allocation Process/Priorities

The credit is allocated based on the following:

  1. Geographic region
  2. Development characteristics
  3. Market Characteristics
  4. Development Team Characteristics
  5. Feasibility
  6. Community Impact
Annual State CAP

The aggregate amount of tax credits issued in a calendar year 34 under sections 135.350 to 135.363 shall not exceed fifty percent of the 35 amount of federal low-income housing tax credits allocated to the state 36 under 26 U.S.C. Section 42, as amended

Transaction CAP

100 percent of the federal allocation

Bond developments are subject to a $700,000 cap in annual State LIHTCs

Credit Description Any development that is eligible for the federal credit is eligible for the state credit. The state awards both 9 percent and 4 percent credits.
How To Claim the Credit Form MO-TC (2016)
Bifurcated from Federal LIHTC? Yes
Credit Period (Compliance) 10 Years
Recapture Same as federal; Compliance period is 10 years
Other Not Applicable
Novogradac Contact

Mike Kressig

State Contact

Jennifer Schmidt
(816) 759-6654
[email protected]

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Nebraska

Program Nebraska State Housing Credit
Administering Agency Nebraska Investment Finance Authority
Enacting Legislation L.B. 884
Amending Legislation Not Applicable
Related Statutes and Documents Not Applicable
Application Not Applicable
Application Process

A development must be placed in service after Jan. 1, 2018, to qualify for the state LIHTC.

Nebraska affordable housing tax credits may only be claimed for taxable years beginning on or after Jan.1, 2019.

Application Deadline(s) Not Applicable
Allocation Process/Priorities

The Nebraska Investment Finance Authority recently announced that it will delay the process and publication of proposed rules for its state LIHTC. 

Annual State CAP

Total state LIHTC allocations are limited to the amount of the federal LIHTC available; Federal LIHTC in Nebraska were approximately $4.3 million in 2016

Transaction CAP

The maximum amount of Nebraska affordable housing tax credits awarded to all qualified developments in any given allocation year shall be no more than 100 percent of the total amount of federal low-income housing tax credits awarded by the authority in the same allocation year.

Credit Description 9 Percent
How To Claim the Credit Not Applicable
Bifurcated from Federal LIHTC? Not Applicable
Credit Period (Compliance) 6 Years (30 Years)
Recapture Not Applicable
Other

Effective in 2018 (Specific date TBD)

Nebraska Investment Housing Authority (NIFA), which administers the credit, released a memorandum  recommending to not introduce the legislation in 2017 with respect to the state credit.

Novogradac Contact

Rebecca Arthur

State Contact

Sara Tichota
LIHTC Allocation Manager
[email protected]

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Nevada

Program Nevada Low-Income Housing Tax Credit
Administering Agency Nevada Housing Division
Enacting Legislation

S.B. 448

Amending Legislation Not Applicable
Related Statutes and Documents Not Applicable
Application Not Applicable
Application Process

Submit an application on a form prescribed by the Division. There are 2 methods of obtaining a Tax Credit allocation under a QAP: 1) through the competitive application process; and 2) tax-exempt bond financing

Application Deadline(s) Not Applicable
Allocation Process/Priorities

The Division shall: (a) Review each application for a certificate of eligibility for transferable tax credits submitted pursuant to subsection 2 and any supporting documents (b) Determine the amount of transferable tax credits for which the project may be eligible (c) Reserve the amount of transferable tax credits for which each project is determined to be eligible pursuant to paragraph

Annual State CAP

$10 Million 

Transaction CAP Not Applicable
Credit Description

9 Percent

How To Claim the Credit Not Applicable
Bifurcated from Federal LIHTC? Not Applicable
Credit Period (Compliance) Jan. 1, 2030
Recapture Not Applicable
Other

 

Novogradac Contact

Mike Morrison

State Contact

Mark Licea LIHTC Administration Officer
Phone: (702) 486-5980
Email: [email protected]

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New Mexico

Program New Mexico Affordable Housing Tax Credit
Administering Agency New Mexico Mortgage Finance Authority
Enacting Legislation

House Taxation And Revenue Committee Substitute For House Bills 410, 582, 844 and 1086

Amending Legislation S.B. 144; S.B. 62
Related Statutes and Documents New Mexico Statutes Section 7-91
Application Universal Rental Development Application
Application Process

To receive a tax credit voucher, applicants must make a donation of land, buildings, materials, cash (and cash equivalents) or services, which may be used to acquire land, building acquisition, construction, remodeling, improvement, rehabilitation, conversion or weatherization throughout the state.

Application Deadline(s) First come, first served
Allocation Process/Priorities

Applications are scored based on the following selection criteria:

  1. Leverage of other public and private funds
  2. Need and market for the proposed Affordable Housing property or activity
  3. Readiness to proceed
  4. Strength and experience of the sponsor, development team and management entity.
  5. Properties which will produce affordable homeownership units.
  6. Properties serving the lowest income households appropriate for the type of affordable housing property or activity
Annual State CAP

 

Transaction CAP 25 percent of the annual state cap, unless there are too few developments requesting a reservation. 
Credit Description

The credit is worth up to 50 percent of the value of donations for affordable housing developments approved by the New Mexico Mortgage Finance Authority (MFA).

MFA awards New Mexico Affordable Housing Tax Credit reservations on a first-come first-serve basis. 

How To Claim the Credit Affordable Housing Tax Credit Claim Form
Bifurcated from Federal LIHTC? Yes
Credit Period (Compliance) Minimum of five years for single family housing and 10 years for multifamily housing. The minimum can be up to 30 years based on the allocation per housing unit (similar to credit period).
Recapture Resale, refinance, or transfer of ownership within affordability period will trigger 100 percent recapture.
Other

New Mexico Affordable Housing Tax Credit Program Notice of Funding AvailabilityRental Design StandardsRental Multifamily State Tax Check ListTax Credit TransferFiscal ImpactTax Credit VoucherSchedulesDonor List

Novogradac Contact

Jeff Nishita

State Contact

Patty Balderamma
Program Coordinator, New Mexico Mortgage Finance Authority
Email
505.767.2231

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New York

Program New York Low-Income Housing Tax Credit
Administering Agency New York State Homes and Community Renewal
Enacting Legislation A.B. 11006
Amending Legislation S.B. 2811-C
Related Statutes and Documents NY CLS Public Housing Law Section 21
Application Community Development Online
Application Process

Apply online via the Community Development Online System for federal and state credits.

Complete applications must be submitted at least 60 days prior to the proposed construction start date on a form approved by DHCR and will be accepted and processed throughout the calendar year.

Application Deadline(s)

The SLIHC Credit allocation is not calendar year-specific.

Allocation Process/Priorities

Applications are scored based on the following selection criteria:

  1. Community impact and revitalization
  2. Financial leveraging
  3. Sponsor characteristics
  4. Green building
  5. Income mixture
  6. Fully accessible and adapted, move-in ready
  7. Proposal readiness
  8. Persons with special needs
  9. Marketing plan/public assistance
  10. Individuals with children
  11. Non-profit participation
  12. Historic nature of property
  13. Cost effectiveness
  14. Housing opportunity properties
  15. Minority- and women-owned business enterprise participation
Annual State CAP

 

Transaction CAP Not Applicable
Credit Description

SLIHC assisted units must serve households whose incomes are at or below 90 percent of the area median income (vs. the 60 percent standard of the federal program).

How To Claim the Credit Form DTF-624
Bifurcated from Federal LIHTC? Yes
Credit Period (Compliance) 10 Years (30 Years)
Recapture Same as federal
Other

Capital Programs ManualSection 2040.14 New York State Low-Income Housing Tax Credit ProgramBoilerplate Regulatory Agreement

Novogradac Contact

Charlie Rhuda, CPA

State Contact

Arnon Adler
New York State Division of Housing and Community Renewal
(518) 486-5044

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Oklahoma

Program Oklahoma Affordable Housing Tax Credit
Administering Agency Oklahoma Housing Finance Agency
Enacting Legislation S.B. 2128
Amending Legislation S.B. 1264; H.B. 1411
Related Statutes and Documents Oklahoma Statutes Section 2357.403 of Title 68
Application

NA

 

Application Process

Request for state tax credits should be included with federal LIHTC application

Application Deadline(s) NA
Allocation Process/Priorities

The following selection criteria are used to rank applications:

  1. Income targeting
  2. Term of affordability
  3. Development location and housing characteristics 
  4. Tenant/targeted populations
  5. Tenant ownership
  6. Preservation of 15-year old affordable housing
  7. Energy efficiency
  8. Historic nature
  9. Negative points
  10. Tie-breaker procedure
Annual State CAP $4 million
Transaction CAP 100 percent of the federal credit
Credit Description The credit is a dollar-for-dollar match of all federal credits.
How To Claim the Credit Complete Form 511CR and provide an eligibility statement from the Oklahoma Housing Finance Agency with the Oklahoma state tax return.
Bifurcated from Federal LIHTC? Yes
Credit Period (Compliance) Two Years 
Recapture Same as federal
Other

The Oklahoma Affordable Housing Act shall undergo a review every five years by a committee of nine persons, to be appointed by various state officials.

Novogradac Contact

Nick Hoehn, CPA

State Contact

Danette Carr
Oklahoma Housing Finance Agency
405.419.8136

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Pennsylvania (Proposed)

Program Pennsylvania Housing Tax Credit
Administering Agency Pennsylvania Housing Finance Agency
Enacting Legislation S.B. 30
Amending Legislation  
Related Statutes and Documents  
Application  
Application Process  
Application Deadline(s)  
Allocation Process/Priorities  
Annual State CAP $10 million
Transaction CAP  
Credit Description As much as practical, administered using the same guidelines, procedures and priorities as with the federal LIHTC. At least 10 percent of credits for housing units that target households with incomes at or below 30 percent of area median income.
How To Claim the Credit  
Bifurcated from Federal LIHTC?  
Credit Period (Compliance) Five years
Recapture Same as federal LIHTC
Other  
Novogradac Contact Dayle Dalling
State Contact Holly Glauser
Director of Development
[email protected]

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South Carolina

Program  
Administering Agency South Carolina State Housing Finance and Development
Enacting Legislation Workforce and Senior Affordable Housing Act (H. 3998)
Amending Legislation  
Related Statutes and Documents  
Application  
Application Process

 

Application Deadline(s)  
Allocation Process/Priorities

 

Annual State CAP

 

Transaction CAP The state LIHTC amount equals the federal LIHTC amount.
Credit Description

(B)(1) A state tax credit pursuant to this section may be claimed against income taxes imposed by Section 12-6-510 or 12-6-530, bank taxes imposed pursuant to Chapter 11, Title 12, corporate license fees imposed pursuant to Chapter 20, Title 12, and insurance premium and retaliatory taxes imposed pursuant to Chapter 7, Title 38, to be termed the South Carolina housing tax credit, and is allowed with respect to each qualified project placed in service after Jan. 1, 2020, and before Dec. 31, 2030, in an amount equal to the federal housing tax credit allowed with respect to such qualified project. In computing a tax payable by a taxpayer pursuant to Section 38-7-90, the credit allowed pursuant to this section must be treated as a premium tax paid pursuant to Section 38-7-20.

How To Claim the Credit  
Bifurcated from Federal LIHTC?  
Credit Period (Compliance)  
Recapture

From Section (2)(a) of H. 3998:

If under Section 42 of the Internal Revenue Code of 1986, as amended, a portion of any federal housing tax credit taken on a project is required to be recaptured, the taxpayer claiming any state tax credit with respect to such project is also required to recapture a portion of any state tax credit authorized by this section. The state recapture amount is equal to the proportion of the state tax credit claimed by the taxpayer that equals the proportion the federal recapture amount bears to the original federal housing tax credit amount subject to recapture.

Other The total amount of the tax credit allowed by this section for a taxable year may not exceed the taxpayer's income tax liability. Any unused tax credit may be carried forward to apply to the taxpayer's next five succeeding years' tax liability. The taxpayer may not apply the credit against any prior tax years' tax liability
Novogradac Contact

Mark Shelburne

State Contact 

Chris McMillan
Multifamily Finance and Bonds Manager
803.896.9196 

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Utah

Program Utah Housing Credit
Administering Agency Utah Housing Corporation
Enacting Legislation H.B. 170
Amending Legislation Not Applicable
Related Statutes and Documents Utah Code  Section 59-7-607, 2020 QAP
Application If applying for Housing Credits, Private Activity Bond volume cap or Olene Walker Housing Loan funds with Housing Credits, the Consolidated Application in Excel format must be used. To obtain an Excel Consolidated Application, call David Seely at (801) 902-8246 or email: [email protected]  
Application Process

From the 2020 QAP

1. Projects that wish to use State Credit to reduce rents are required to first complete their Application without reliance on State Credits. Applicants will then complete the State Credit section to reduce rents. In effort to encourage the creation of units at or below 30% of area median income, UHC will award an additional amount of State Credits to those projects which reduce rents on up to ten (10) units to 30% area median income or below. The additional amount of State Credit will be up to 20% more than the amount of credit necessary to achieve the rent reduction on a one-to-one basis of debt reduction.

Example: The application spreadsheet determines that a project requires $100,000 of State Credits in order to achieve rent reductions on ten (10) units. Ten (10) of these units will be reduced to 30% of area median income (not including the five (5) homeless units for which points were awarded). UHC will calculate the amount of credit necessary to reduce rents on those ten (10) to 30% of area median income. The project will be eligible for an award of State Credit in that amount, plus a boost of 20%, in addition to the State Credit required to reduce rents in other rent tiers.

2. Projects that will be financed with tax-exempt bond and 4% (non-competitive) Housing Credits may request State Credits in a credit equivalent amount of up to $500,000 for gap funding. The Applicant must commit a match of deferred developer fee.

3. In the event the set-aside of State Credits has been exhausted, UHC may, at its sole discretion, allocate State Credits over the State Credits set-aside to Application requests.

4. State Credits subsequently requested to fund financing shortfalls must demonstrate a dollar–for– dollar leveraging (including Developer fees) of the proceeds of State Credits with additional financial resources with finance terms at or below the applicable federal rates (AFR) published by the IRS.

5. The Applicant must demonstrate that other local, state, federal or private resources (including deferral of fees or Equity contributions by the Developer) have been approached and report the results of such efforts when applying for State Credits.

6. State Credits are not to be used to fund increases in Developer or any Related Party fees.

Application Deadline(s)
  • Application Fee due with application
  • Reservations Notification comes Approx. 90 days from Application deadline
Allocation Process/Priorities

State Credit Pool I: UHC has set aside about 37 percent of its annual state credits ceiling amount for allocation to projects that combine federal and state credits. State Credit Pool II: UHC has set aside about 63 percent of its annual state credits ceiling amount for allocation to permanent supportive housing (PSH) projects only. No project may receive an allocation of more than 25 percent of the State Credit Pool II.

Proposals are scored on the following criteria:

  1. Lower income targeting
  2. Property location
  3. Property characteristics
  4. Applicant characteristics
  5. Tenant populations with special housing needs
  6. Service to tenants with public housing assistance weight
  7. Housing needs characteristics
  8. Cost and credit efficiency
  9. Tie Breakers
Annual State CAP

 

Transaction CAP Not Applicable
Credit Description

The tax credit shall be in an amount equal to the greater of the amount of:

the federal low-income housing tax credit to which the taxpayer is allowed during that year multiplied by the percentage specified in an allocation certificate issued by the Utah Housing Corporation; or

the tax credit specified in the special low-income housing tax credit certificate that the housing sponsor issues to the taxpayer as provided in Subsection (2)(c).

*Utah low-income housing tax credits can only be used to offset Utah state income tax liabilities

How To Claim the Credit UHC will issue IRS Forms 8609 reporting the amount of credits allocated to a development following receipt of the final cost certification package in accordance with the QAP. Developments that enter into a carryover allocation, the development must be placed in service before the end of the second year after the year in which a reservation is made in order to claim the LIHTCs.
Bifurcated from Federal LIHTC? Yes
Credit Period (Compliance) 10 Years (50 Years)
Recapture Same as federal
Other

2020 Final QAP

*Utah low-income housing tax credits can only be used to offset Utah state income tax liabilities

Novogradac Contact

Mike Morrison

State Contact 

Robyn Cordova
Multifamily Credit Analyst
801.902.8246

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Vermont

Program Vermont Affordable Housing Tax Credit
Administering Agency Vermont Housing Finance Agency
Enacting Legislation H.B. 671
Amending Legislation H.B. 331
Related Statutes and Documents 32 Vermont Statutes Section 5930u, 2020 Draft QAP
Application

Common Application Form

Application Process

Request for state tax credits should be included with federal LIHTC application. Prior to submitting an application, the developer must meet with Vermont Housing Finance Agency staff, obtain site control and meet with other funding agencies.  

Application Deadline(s) Applications can be sent in at any time, and are approved at monthly meetings of the Vermont Housing and Finance Authority Board of Commissioners.
Allocation Process/Priorities

The state will allocate credits according to the following allocation criteria:

Top Tier:

  1. Rehabilitation
  2. Family housing
  3. Designated downtown, village center or neighborhood development area
  4. Removal of blight
  5. Special needs housing

Second Tier:

  1. Mixed income housing
  2. Unique design
  3. Universal design features
  4. Housing affordable to households earning less than or equal to 30 percent of gross area median income
  5. Properties serving households on public housing waiting lists
  6. Properties intended for eventual tenant ownership
  7. Properties built in a Dense Infill Site
  8. Properties served by public transportation

Other Priorities

  1. Properties targeting lowest income tenants
  2. Properties serving qualified tenants for the longest period
  3. Acquisition and rehabilitation of existing properties that are federally subsidized and at-risk
  4. Geographic targeting for underserved areas
  5. LEED H, Green Communities or National Green Building standards             
    Annual State CAP $400,000
    Transaction CAP $150,000
    Credit Description

    A taxpayer who makes an eligible cash contribution shall be entitled to claim against the taxpayer’s individual income, corporate income, franchise tax or insurance premium tax a credit in an amount specified on the taxpayer’s credit certificate.

    How To Claim the Credit

    A taxpayer claiming affordable housing tax credits shall submit with each return on which such credit is claimed a copy of the allocating agency’s credit allocation to the affordable housing development and the taxpayer’s credit certificate. 

    Bifurcated from Federal LIHTC? Yes
    Credit Period (Compliance)

    5 years Compliance Period (same as federal)

    Recapture Same as federal
    Other

    2020 Draft QAP; Fact Sheet

    Novogradac Contact

    Charlie Rhuda

    State Contact

    Seth Leonard
    Managing Director of Community Development
    [email protected]

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    Wisconsin

    Program Wisconsin State Housing Tax Credit
    Administering Agency Wisconsin Housing and Economic Development Agency
    Enacting Legislation ACT 176
    Amending Legislation Not Applicable
    Related Statutes and Documents Not Applicable
    Application

    Not Available

    Application Process Not Available
    Application Deadline(s)

    2020 State HTC Application Submissions Due– HTC Online Application (LOLA) & State HTC LOLA Attachment & Paper Application Documentation Jan. 3, 2020- Jan. 17, 2020

    Allocation Process/Priorities

    From the 2019-2020 Wisconsin QAP:

    Unlike the 9% tax credit program, there will be no credit set-asides within the $7 million of state HTCs available in 2019 and 2020. The items described below create a competitive application process for 4% federal and state HTCs. Those applications meeting threshold requirements will then receive an application score. WHEDA will allocate Wisconsin 2019-2020 Qualified Allocation Plan Page 19 state HTCs to the highest-scoring applications until a total of $7 million of awards have been made. WHEDA does not intend to make partial awards of state HTCs during this application round.

    Annual State CAP $42 million
    Transaction CAP

    From the 2019-2020 Wisconsin QAP:

    No application may include a request for more than $1,400,000 of state HTCs (20% of the $7 million of state Housing Tax Credits to be allocated annually). Additionally, no member of the development team – applicant and/or co-applicant – may receive more than two awards of state HTCs in any year. There is no limit on the amount of federal 4% tax credits that may be requested. WHEDA intends to award state HTCs that are less than or equal to the federal HTC amount for each application.

    Credit Description

    From the 2019-2020 Wisconsin QAP:

    The Wisconsin Housing Tax Credit was designed to be complement to the federal 4% Housing Tax Credit (HTC), and follows the vast majority of rules that are currently in place for the federal tax credit program. However, there are some key differences between the state and federal programs: • The Wisconsin HTC will have a six-year credit period, versus the 10- year federal credit period • The Wisconsin HTC includes a preference for properties located in a city, town or village with a population of 150,000 or less • If a development consists of more than one building – for the state HTC, the development is placed in service in the taxable year in which the last building of the qualified development is placed in service. For the federal HTC – each building is assigned a specific placed-in-service date. • The HTC ceiling will be limited to $7 million per yearWHEDA is required to give preference to developments located in municipalities with populations less than 150,000 people.

    How To Claim the Credit Policies and procedures established under the Act must, to the extent practicable, incorporate WHEDA’s policies and procedures for awarding tax credits through the similar federal tax credit program. 
    Bifurcated from Federal LIHTC? Not Available 
    Credit Period (Compliance) “Credit period”: the period of 6 taxable years beginning with the taxable year in which a qualified development is placed in service. For purposes of this subdivision, if a qualified development consists of more than one building, the qualified development is placed in service in the taxable year in which the last building of the qualified development is placed in service.
    Recapture In the event that the recapture of any credit is required in any taxable year, the taxpayer shall include the recaptured proportion of the credit on the return submitted for the taxable year in which the recapture event is identified.
    Other

    Gov. Walker Signs State Tax Credit Legislation into Law, Wisconsin 2019-2020 QAP

    Novogradac Contact

    Blair Kincer

    State Contact

    Nathan Simms 
    Director-Commercial Lending
    [email protected]

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