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

TCAP/Exchange Programs

Tax Credit Assistance Program (TCAP)

North Carolina has received $52,152,687 from the Tax Credit Assistance Program (TCAP), which was included in the American Recovery and Reinvestment Act of 2009 (ARRA). TCAP provides funding for capital investment in Low-Income Housing Tax Credit properties. State housing finance agencies distribute these funds competitively and according to the Qualified Allocation Plan (QAP). Projects awarded Housing Credits in 2009 are eligible for funding, and priority will be based on the Final TCAP Criteria.

Official HUD TCAP Website
Final TCAP Criteria for North Carolina
TCAP Awards
Draw Request Form for Owner to Submit to NCHFA (will be available at a later date)

Section 1602 Exchange Program (Exchange)

Section 1602 of ARRA allows housing finance agencies to elect to receive cash with respect to a certain portion of the state’s tax credit ceiling.  Agencies must use funds to make sub-awards to finance the acquisition or construction of qualified properties, subject to the same requirements as the program.

Official Treasury Exchange Website
Final Exchange Criteria for North Carolina
Exchange Awards
Draw Request Form for Owner to Submit to NCHFA