Low Income Housing Tax Credits & Opportunity Housing in Alaska, 2013

Alaska's 2013 QAP provides incentives for projects located in areas of opportunity. 

Alaska’s 2013 QAP provides up to 15 points for projects located in areas of opportunity, defined by the unemployment rate:

  • Unemployment rate is 2.5% or more below the state average: 15 points
  • Unemployment rate is at least equal to the state average: 12 points
  • Unemployment rate is no more than 1% above the state average: 10 points
  • Unemployment rate is no more than 3% above the state average: 8 points
  • Unemployment rate is no more than 5% above the state average: 4 points
  • Unemployment rate exceeds the state average by more than 5%: 0 point

Additionally, up to 15 points will be awarded based on average population growth rates over the most recent three year period using City and Census Designated Place data. Points will be awarded to projects based in communities with populations of 6,500 or higher. In cases where the community population is less than 6,500 points will be awarded based on the less of 1) the average growth rate for the specific community and 2) the average three year growth rate for the borough or census area associated with the community. Points will be assigned as follows:

  • Population growth in the city, borough, or census area over the past 3 years is ≥ 2.5%: 15 points
  • Population growth in the city, borough, or census area over the past 3 years is ≥1.75% but <2.5%: 12 points
  • Population growth in the city, borough, or census area over the past 3 years is ≥1.0% but <1.75%: 10 points
  • Borough or census area population is less than 6,500, but population growth over the past 3 years is >0%: 8 points
  • Population growth in the city, borough, or census area over the past 3 years is ≥0.5% but <1.0%: 6 points
  • Population growth in the city, borough, or census area over the past 3 years is ≥0% but <.5%: 4 points. 
Contributed By: 
National Housing Trust

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