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Low Income Housing Tax Credit Program (LIHTC)

Grant and Tax Credit Programs / LIHTC Program
 
 

The 1986 Tax Reform Act created the Low Income Housing Tax Credit Program (LIHTC) as an incentive to encourage the construction and rehabilitation of rental housing for lower-income households. The program offers credits on federal tax liabilities for 10 years. Individuals, corporations, partnerships and other legal entities may benefit from tax credits, subject to applicable restrictions. 
 
Program Details: 

LIHTC Program Factsheet​ 

9% LIHTC Program Manual
 

Microsoft Word file
 
Qualified Allocation Plan (QAP):
Prior to allocating tax credits through the Low Income Housing Tax Credit (LIHTC) program, each state is required to develop a Qualified Allocation Plan (QAP).
 
Oregon´s allocation plan provides both a competitive and non-competitive process for awarding tax credits to developments that address the state´s low-income housing needs.
2014 Qualified Allocation Plan (QAP)
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2013 Qualified Allocation Plan (QAP) 
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2012 Qualified Allocation Plan (QAP) 
2009 Amended Qualified Allocation Plan (QAP) 
     
Microsoft Word file
Qualified Census Tracts and Difficult to Develop Areas  as identified by HUD:

2013 Qualified Census Tracts and Difficult to Develop Areas                    
Microsoft Word file
Qualified Contract Application:
Draft Qualified Contract Application 
Microsoft Word file
LIHTC Carryover Application:
For more details on the carryover application process below, please refer to the Low Income Housing Tax Credit Program Manual in the Notice of Funding Availability (NOFA) Application.
Carryover Agreement
Carryover 10 Percent Self Certification 
Carryover Certification Letter - sample 
2013 Carryover Application
2012 Carryover Pro Forma Spreadsheet
     
Microsoft Word file
LIHTC Final Application:
Final Application 
Final Application Pro Forma Spreadsheet 
Microsoft Word file
LIHTC Four Percent Application:
The Four Percent LIHTC initial application is an open, non-competitive process to efficiently distribute tax credits to projects with an allocation of tax-exempt bond financing. Four percent credits must be used for affordable multi-unit rental housing development.
Four Percent Application 
Microsoft Word file
Market Analysts:
Market Analysis Guidelines 
List of Approved Market Analysts 
Request for Qualifications for Assessment
Microsoft Word file
Rents and Incomes:
LIHTC Rents and Incomes
Microsoft Word file
Related Resources:
Affordable Rental Housing Developments and Applicants 
LIHTC Compliance Manual
Transfer of Ownership
Multifamily Loan Programs
Multifamily Finance ​​and Resources Section Factsheet​ 

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