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CALIFORNIA TAX CREDIT ALLOCATION COMMITTEE 2014 COMPETITIVE 9% APPLICATION FOR INCOME HOUSING TAX CREDITS January 31, 2014, Version II. APPLICATION SECTION 1: APPLICANT STATEMENT, CERTIFICATION AND
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QAP incentives offer financial incentives to developers who build affordable housing in accordance with the Qualified Allocation Plan.
Developers who receive QAP incentives for affordable housing projects are required to file the effect of QAP incentives.
The effect of QAP incentives can be filled out by providing detailed information on the incentives received and how they were used in the affordable housing project.
The purpose of the effect of QAP incentives is to track the impact of the incentives on the development of affordable housing and ensure compliance with the Qualified Allocation Plan.
The effect of QAP incentives report must include details on the incentives received, the number of affordable housing units created, and the overall impact on the community.
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