Oregon Housing and Community Services Low Income Housing Tax Credit Program (LIHTC)

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Oregon Housing and Community Services

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 2009 Program News and Updates 2010 Program News and Updates - no updates 2011 Program News and Updates To receive LIHTC program information and updates by e-mail, subscribe to our mailing list.


Applicants must work with a Regional Advisor before any application submission.

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.

	2012 Qualified Allocation Plan (QAP)

	2009 Amended Qualified Allocation Plan (QAP)

	2007 Qualified Allocation Plan with Technical Amendment Policies (QAP)

Qualified Contract Application:
	Draft Qualified Contract Application

LIHTC Carryover Application:
For more details on the carryover application process below, please refer to the Low Income Housing Tax Credit Program Description in the Consolidated Funding Cycle (CFC) Application.

	Carryover Agreement
	Carryover 10 Percent Self Certification
	Carryover Certification Letter - sample
	2012 Carryover Application
	2012 Carryover Pro Forma Spreadsheet

LIHTC Final Application:

	Final Application
	Final Application Pro Forma Spreadsheet

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.

Market Analysts:

	Market Analysis Guidelines
	List of Approved Market Analysts
	Request for Qualifications for Assessment

Rents and Incomes:

LIHTC Rents and Incomes

Related Resources:
	Affordable Rental Housing Developments and Applicants
	LIHTC Compliance Manual
	Multifamily Loan Programs
	Multifamily Finance and Resources Section Factsheet

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