globe icon
  1. home-iconHome
  2. Developer Financing
  3. Low Income Housing Tax Credits (LIHTC)

Low Income Housing Tax Credits (LIHTC)

The Low Income Housing Tax Credit (LIHTC) Program provides a strong incentive for private investment in affordable rental housing. It is currently the largest source of federal capital subsidy to create and preserve affordable rental housing. The LIHTC program gives investors a dollar-for-dollar reduction in federal tax liability in exchange for providing funding to affordable housing developments.

Information related to COVID-19 Relief Permitted by the IRS for LIHTC projects in development: LIHTC Notice re: IRS Rev. Proc. 2014-49.

The Qualified Allocation Plan (QAP) defines the process by which New Hampshire Housing Finance Authority will allocate Low Income Housing Tax Credits to affordable rental housing developments throughout the State of New Hampshire.

If you have questions about the LIHTC program, please contact Ted Seely, Program Manager at (603) 310-9292

Copies of the QAP are available here or by contacting Jessica McCarthy, Administrative Assistant, (603) 310-9272. To receive updates about the QAP process, please click here to sign up.

New Hampshire Housing is required under RSA 204-C:8-a to publish information on maximum restricted rents, utility allowances, vacancy rates, and capitalization rates to assist municipal tax assessors in appraising residential rental property subject to a housing covenant under the low-income housing tax credit program pursuant to RSA 75:1-a.

NH Department of Revenue Administration General Assessment Forms
PA-67 Low Income Housing Tax Credit Program, Annual Filing to Municipality (HB1442)
Current Maximum Restricted Rents
Current Utility Allowance
Vacancy Rates by County for Market Rate Units
Capitalization Rates
RSA 75
Municipalities by HUD Metropolitan FMR Area

AFFORDABLE HOUSING FUND

The Affordable Housing Fund (AHF) program provides low-interest loans and grants for the construction, rehabilitation, and/or acquisition of housing affordable to families and individuals with low to moderate incomes. Since its inception, the Fund has invested $39 million in 90 projects, leveraging more than $400 million to help support the development or preservation of 2,400 housing units statewide.