Rental Developers
- What we offer
- Housing 400 Initiative
- Does my project qualify?
- Qualified Allocation Plan (QAP)
- Fair Housing Act self-evaluation
- Housing Credit application process
- Tax-exempt bond process
- Timelines & events
- Income limits
- Development portfolio
- Housing NC Awards
- Understanding Section 3
- TCAP/Exchange Programs
Owners / Managers
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Resources
2009 Housing Credit Awards
Draft 2010 QAP
Final TCAP Criteria
Revised Exchange Criteria
Final Cost Certification Form
10% Cost Certification Form
Planning an Opening
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Does My Project Qualify?
Competition for Federal Low-Income Housing Tax Credits (Housing Credits) is intense. Annually, only one of four proposals receives credits. The selection criteria include:
- project location and site suitability
- market demand and local housing needs
- ability to serve the lowest-income tenants
- ability to serve qualified tenants for the longest periods
- design and quality of construction
- financial structure and long-term viability
- experience of development team and management agent(s)
- ability to serve persons with disabilities and the homeless
- projects that are part of a Community Revitalization Plan.
The experience of a team in developing a project using federal housing tax credits is very important. If you are a new developer and have never qualified for housing credits in North Carolina or any other state, you will need to partner with a developer who has done so successfully.
For more information about qualifications and your ability to meet them, see this year’s Qualified Allocation Plan.
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For Your First Home:
5.125%
for a 30-year, fixed-rate mortgage (90-day lock in) without NCHFA downpayment assistance.
More Interest Rates...
What's New @ NCHFA
Housing NC Award Winners Announced
Five affordable housing developments received Housing North Carolina Awards on Nov. 3 during the N.C. Affordable Housing Conference at the Raleigh Convention Center.
Learn More...
Help Purchasing Foreclosed Properties
NC Receives $95 Million for Affordable Apartments
Home Protection Program Could Save Your Home
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