Low-Income Housing Tax Credit Program

The Fund is responsible for administering the Low-Income Housing Tax Credit Program, which generates low-income residential rental units by encouraging private investment through federal tax credits. Since its inception, this program has produced more than 13,100 affordable rental units.

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Credit Allocation Recipients

2012 Credit Allocation Recipients

2011 Credit Allocation Recipients

2010 Credit Allocation Recipients

2009 Credit Allocation Recipients

Current News & Updates

2013 and 2014 Program Information:

2013 and 2014 Allocation Plan

2013 and 2014 Tax Credit Manual

2013 State Housing Credit Ceiling

Note: Per property credit limit for 2013 is $626,201.

2013 and 2014 Program Calender

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Below are the basic underwriting spreadsheets (in Excel format) that the Fund uses for the Low-Income Housing Tax Credit Program:

Analysis of Intermediary Costs

Analysis of Property Costs

Determination of Housing Credit Dollar Amount Needed

Note: The example used for the 2013 Allocation Workshop is included in each underwriting spreadsheet as well as a blank spreadsheet for use to underwrite your property.

Transmittal Memorandum for the 2013 and 2014 Allocation Plan

2013 and 2014 Allocation Plan

2013 and 2014 Tax Credit Manual

Internal Revenue Code Section 42 (Updated to reflect the new provisions of the Housing and Economic Recovery Act of 2008 and the American Recovery and Reinvestment Act of 2009)

Note: The Internal Revenue Service Code Section 42 above does not reflect the new provision of the American Tax Relief Act of 2012 (“ATRA”). The ATRA provision extends the fixed 9% credit to properties receiving an allocation of Low-Income Housing Tax Credit before January 1, 2014. 

Internal Revenue Service Rules and Regulations 

Internal Revenue Service and Department of Housing and Urban Development Notices and Rulings

Internal Revenue Service Forms

Fund Application Forms

Fund Documents and Forms

Schedules