Low Income Housing Tax Credits & Cost Containment in Oklahoma, 2018

Oklahoma’s 2018 Qualified Allocation Plan (QAP) uses cost containment measures as one of its tiebreakers.

Cost limits - Costs per unit must be realistic. Specific cost per unit criteria will be established in the AP. OHFA encourages cost efficient production, but will not give a preference solely for lowest construction costs

The maximum amount of Tax Credits that will be awarded to any Development in any County except Cleveland, Oklahoma and Tulsa Counties is $650,000. This maximum applies to all Developments, including those that receive either the 130% or the 120% boost.

For Developments in Cleveland, Oklahoma and Tulsa Counties, the maximum amount is $750,000. This maximum applies to all Developments, including those that receive either the 130% or the 120% boost.

Contributed By: 
National Housing Trust

Other Items of Interest