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Notice Listings on Tax Credits
Notice Section 1.9 Application Requirements Notice Section 1.14 Developer Fee Notice Section 1.15 Streamlined RAD Conversion for Small Public Housing Agencies Notice Section 1.12.D Milestones and Financing Plan Notice Section 1.14.A Notice Section 1.14.B Notice Section 1.14.C Notice Section 1.14.D Notice Section 1.15.A Notice Section 1.15.B Notice Section 1.4.B.5 Low-Income Housing ax Credits (LIHTCs)
Documents on Tax Credits

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Questions on Tax Credits

HUD 2530s for LIHTC Investors

Can you clarify who needs to provide HUD 2530s in regards to a low income housing tax credit investor?

The RAD applicant is responsible for providing all 2530/APPS submissions. Note that LIHTC investors may qualify for 'passive investor' status in APPS. See http://portal.hud.gov/hudportal/HUD?src=/program_offices/housing/mfh/apps/appsmfhm. Passive investors can make a limited submission in APPS.

LIHTC Guarantees

Can a Housing Authority provide the guarantees in a LIHTC deal.

The RAD program neither requires nor prohibits a PHA from providing these guarantees.

Next Steps for Project Not Awarded 9% Tax Credits

What are the specifics of HUD’s decision to issue a new Financing Plan due date if the project is not awarded credits in current round and needs more than 30 days to established a financing strategy that does not include 9% credits? Notice states that the decision is based on score and rank. What does "score and rank" refer to?

If the PHA’s applications for 9% tax credits is unsuccessful in the first tax credit round that begins 90 days after CHAP issuance, the CHAP will be terminated unless, within 30 days of notification, the PHA demonstrates that it diligently pursued 9% tax credits, as evidenced by the score and ranking in the unsuccessful 9% application OR proposes a financing strategy that does not rely on 9% tax credits and that is feasible. “Score and ranking” refers to the QAP score and rank within the LIHTC application round. Typically projects are rated and ranked based upon how well the project met the priorities and criteria set forth in the state’s QAP and the top scoring applicants are awarded LIHTCs. The PHA would need to submit evidence showing that their project received a high QAP score and ranking but still did not receive the credits due to the competiveness of the round.