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Low Income Housing Tax Credit Program (LIHTC)

HOME​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 ​ 


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.

  2019 Qualified Allocation Plan (QAP)

  2019 QAP Stakeholders Outreach

2016 Qualified Allocation Plan (QAP)​
2014 Qualified Allocation Plan (QAP)
Qualified Census Tracts and Difficult to Develop Areas  as identified by HUD:
2018 Qualified Census Tracts and Difficult to Develop Areas                     
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 your loan officer.
2019 Carryover Application
 Sponsor's Self Certification of Costs​ 
 CPA Certification Letter - sample 
Sample Carryover Allocation Agre​ement​​​
 2018 Carryover Pro Forma Spreadsheet
Microsoft Word file
LIHTC Final Application:
Final Application​ 
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
Affordable Rental Housing Development Resources and Production Section Factsheet