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The State of GeorgiaCAPER Consolidated Annual Performance and Evaluation Report Federal Fiscal Year 2016 (July 1, 2016, June 30, 2017)CAPER OMB Control No: 25060117 (exp. 06/30/2018)1CR05 Goals and
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Who needs 2018 qualified allocation plan?

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The 2018 qualified allocation plan is needed by individuals, organizations, or entities that are involved in the allocation of low-income housing tax credits.
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This may include developers, investors, affordable housing agencies, or any other party seeking to develop or finance affordable housing projects.
03
It is essential for those who want to participate in the competitive process of obtaining these tax credits to allocate towards eligible developments.
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A qualified allocation plan is a comprehensive document that outlines how a Low-Income Housing Tax Credit property will be managed, including details on tenant income requirements, rent restrictions, and compliance with regulations.
Developers of Low-Income Housing Tax Credit projects are required to file a qualified allocation plan with the appropriate state housing agency.
A qualified allocation plan must be filled out by providing detailed information on the project's financing, location, unit mix, income restrictions, rent calculations, and compliance monitoring procedures.
The purpose of a qualified allocation plan is to ensure that Low-Income Housing Tax Credit properties are properly managed, serve the intended population, and comply with program requirements.
Information that must be reported on a qualified allocation plan includes project description, market study, financing plan, compliance monitoring plan, and tenant income and rent restrictions.
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