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20162017 LOW INCOME HOUSING TAX CREDIT QUALIFIED ALLOCATION PLAN STATE OF ILLINOIS Bruce Rather Governor 20162017 Qualified Allocation Plan Table of Contents I) Definitions ..................................................................................................................................................
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QAP or Qualified Allocation Plan is a set of criteria used to allocate low-income housing tax credits in Illinois.
Developers or organizations applying for low-income housing tax credits in Illinois are required to file QAP.
QAP - Illinois Bhousingb can be filled out online through the Illinois Housing Development Authority website.
The purpose of QAP - Illinois Bhousingb is to ensure fair and efficient allocation of low-income housing tax credits.
Developers must report detailed information about their proposed affordable housing projects, including financing plans and target populations.
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