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DAKOTA COUNTY CDA HOUSING TAX CREDIT 2023 QUALIFIED ALLOCATION PLAN (MAP)Dakota County CDA MAP 2023TABLE CONTENTSARTICLE DEFINITIONS ...................................................................................................................

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How to fill out qualified allocation plan

01

Review the requirements for qualified allocation plan set forth by the Low-Income Housing Tax Credit program

02

Ensure that the plan includes a detailed description of the project, its location, unit sizes, and target population

03

Allocate the available tax credits in accordance with the requirements and guidelines provided

04

Submit the completed plan to the appropriate housing agency for review and approval

Who needs qualified allocation plan?

01

Developers and sponsors of affordable housing projects seeking Low-Income Housing Tax Credits

02

State housing agencies and other funding organizations that administer the tax credit program

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What is qualified allocation plan?

Qualified Allocation Plan (QAP) is a plan created by a state housing agency to allocate low-income housing tax credits to developers of affordable housing projects.

Who is required to file qualified allocation plan?

Developers of affordable housing projects are required to file a qualified allocation plan with the state housing agency.

How to fill out qualified allocation plan?

Developers must follow the guidelines set forth by the state housing agency and provide detailed information about their affordable housing project in the qualified allocation plan.

What is the purpose of qualified allocation plan?

The purpose of a qualified allocation plan is to ensure that low-income housing tax credits are allocated to projects that meet certain criteria and address the needs of low-income individuals and families.

What information must be reported on qualified allocation plan?

The qualified allocation plan must include information about the developer, the affordable housing project, the population to be served, the financing plan, and the expected timeline for completion.

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