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

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

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.