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Affordable Housing Assistance Program Increase Request Repurpose: To request additional Affordable Housing Assistance Program Tax Credits.ASAP #:Agency Name:Current Reservation Amount: current Allocated
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01
Gather all necessary financial documents such as tax returns, bank statements, and loan information.
02
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03
Complete the subsidy layering review form by providing accurate and up-to-date information in each section.
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Double-check the completed form for any errors or missing information before submitting it for review.
05
Submit the completed subsidy layering review form along with all required documents to the appropriate agency or organization.

Who needs subsidy layering review for?

01
Developers and owners of affordable housing projects who are seeking funding from multiple sources such as government grants, loans, or tax credits.
02
Non-profit organizations or housing agencies that are involved in the development or management of affordable housing units.
03
Government agencies or regulatory bodies that oversee affordable housing projects and funding distribution.

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Subsidy layering review is for analyzing and evaluating the total amount of subsidies or financial assistance provided to a particular project or development.
Developers or property owners who receive multiple layers of subsidies for a project are required to file subsidy layering review.
Subsidy layering review can be filled out by providing detailed information about all the subsidies received, including their amounts and sources.
The purpose of subsidy layering review is to prevent or identify situations where multiple layers of subsidies are provided for the same project, which can lead to inefficiencies or inequities.
Information such as the type of subsidies received, amounts received, sources of subsidies, and any conditions attached to the subsidies must be reported on subsidy layering review.
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