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QUALIFIED ALLOCATION PLAN IRC SECTION 42 HOUSING CREDIT PROGRAM 32 VIA 5930u VERMONT AFFORDABLE HOUSING TAX CREDIT PROGRAM STATE OF VERMONTRevised 1/9/2017 Effective 5/1/2017VERMONT HOUSING FINANCE

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What is qap draft?

QAP draft is the Qualified Allocation Plan draft that outlines the criteria for allocating low-income housing tax credits.

Who is required to file qap draft?

Developers and sponsors of affordable housing projects are required to file QAP draft with the housing agency.

How to fill out qap draft?

QAP draft can be filled out by providing detailed information about the affordable housing project, including the target population, financing plan, and compliance with local regulations.

What is the purpose of qap draft?

The purpose of QAP draft is to ensure equitable distribution of low-income housing tax credits and facilitate the development of affordable housing for underserved communities.

What information must be reported on qap draft?

QAP draft must include details about the project location, unit mix, development timeline, tenant selection criteria, and financial projections.

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