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MONTANA BOARD OF HOUSING CREDIT PROGRAM2019 QUALIFIED ALLOCATION PLAN (MAP)MONTANA BOARD OF HOUSING PO BOX 200528 HELENA, MONTANA 596200528 (406) 8412840 (406) 8412841 Taxable of ContentsCommented

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How to fill out 2019 qualified allocation plan

01

Review the 2019 Qualified Allocation Plan (QAP) guidelines provided by the relevant authority.

02

Understand the eligibility criteria for qualifying for the allocation plan. This may include factors such as the type of project, location, affordability requirements, and community impact.

03

Gather all the necessary documents and information required to complete the application, such as project plans, budget details, financial statements, and supporting documentation.

04

Fill out the application form accurately, making sure to provide all the required information and supporting documents.

05

Double-check the application for any errors or missing information before submitting it.

06

Submit the completed application by the designated deadline, following the submission instructions provided by the authority.

07

Await a response from the authority regarding the status of your application.

08

If your application is approved, follow the instructions provided by the authority to further process the allocation plan.

09

If your application is not approved, you may consider seeking feedback from the authority to understand the reasons and make necessary improvements for future applications.

Who needs 2019 qualified allocation plan?

01

Developers, organizations, or individuals planning to undertake affordable housing projects in the year 2019 may need the 2019 Qualified Allocation Plan. The plan provides guidelines for allocating tax credits or other financial resources to eligible housing projects that meet specific criteria. It helps ensure that the resources are allocated efficiently and in accordance with the affordable housing goals and objectives of the relevant authority.

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What is qualified allocation plan qap?

The Qualified Allocation Plan (QAP) is a set of requirements and criteria used by housing finance agencies in the allocation of Low-Income Housing Tax Credits (LIHTC) to affordable housing projects.

Who is required to file qualified allocation plan qap?

Developers of affordable housing projects seeking LIHTC allocations are required to file the Qualified Allocation Plan (QAP) with the housing finance agency.

How to fill out qualified allocation plan qap?

The Qualified Allocation Plan (QAP) is typically filled out by developers following the guidelines provided by the housing finance agency. It includes information on the project, financing, affordability requirements, and other factors.

What is the purpose of qualified allocation plan qap?

The purpose of the Qualified Allocation Plan (QAP) is to ensure that LIHTC allocations are awarded to projects that meet specific criteria for affordability, feasibility, and community impact.

What information must be reported on qualified allocation plan qap?

The Qualified Allocation Plan (QAP) typically requires information on the project location, financing sources, affordability levels, tenant population, community benefits, and compliance with LIHTC regulations.

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