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KANSAS HOUSING RESOURCES CORPORATIONDRAFTQUALIFIED ALLOCATION PLAN DRAFT for 2009 HOUSING TAX CREDIT PROGRAMINTRODUCTION The Tax Reform Act of 1986 established a tax credit to replace previous federal
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Who needs qualified allocation plan draft?

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Developers and organizations planning to apply for affordable housing tax credits through the qualified allocation plan process.
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The qualified allocation plan draft is a document that outlines the process for allocating low-income housing tax credits.
Developers or owners of affordable housing projects are required to file the qualified allocation plan draft.
The qualified allocation plan draft can be filled out by following the guidelines provided by the relevant tax authority.
The purpose of the qualified allocation plan draft is to ensure that low-income housing tax credits are allocated fairly and in accordance with regulations.
The qualified allocation plan draft must include details on the affordable housing project, the planned allocation of tax credits, and the eligibility criteria for tenants.
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