Low Income Housing Tax Credits (LIHTC)

The Qualified Allocation Plan 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.

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 ho using developments.

If you have questions about the LIHTC program, please contact Elnaz Najdmazhari, Program Manager at (603) 310-9217.

Copies of the QAP are available here on New Hampshire Housing’s website or, to obtain a copy by mail, contact Jessica McCarthy, Administrative Assistant, (603) 310-9272. To receive updates about the QAP process, please click here to sign up.

Resources

Qualified Allocation Plan July 15, 2019 Public Forum Handout
QAP and Application Schedule
Current Qualified Allocation Plan
Previous Qualified Allocation Plan
HTF Availability Notice 2020LIHTC
IRS Revenue Procedure-Housing Credit Per Capita

Here you will find links to documents regarding preliminary and final application information, current income   and rent limits, utility allowance data, and other important information.

The Authority makes LIHTC funding available annually through a preliminary and final application process. Reminder:  preliminary applications are due June 3, 2019 and final applications are due on August 23, 2019.

Resources

2019 Application
Preliminary Application Review Guidelines
Final Application Threshold Requirements
Current Income Limits
Current Rent Limits
Current Utility Allowance
Average Income Test Policy
811 Project Rental Assistance (PRA)
811 Memorandum of Understanding
LIHTC Compliance Requirements

View lists of past applications and reservations.

2019 LIHTC Final Scores
Current LIHTC Reservations
Past LIHTC Reservations
Past LIHTC Applications

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 Allowances
Vacancy Rates
Capitalization Rates
RSA 75
Municipalities by HUD Metropolitan FMR Area