Low Income Housing Tax Credits & Opportunity Housing in Montana, 2018

Montana's 2018 Qualified Allocation Plan (QAP) awards points to projects that are located in close proximity to essential services or amenities.

Opportunity

Project Location* (100 points possible)

An Application will be awarded points to the extent the Project is located in an area where amenities and/or essential services will be available to tenants, determined according to the following specifications. An Application will be awarded points with respect to an amenity or service as specified below, if: (i) a Project is located within 1½ miles of the specified amenity or essential service; (ii) public or contracted transportation (not including taxi or school bus service) is reasonably available to the specified amenity or service (i.e., the Project is located within ¼ mile of fixed bus stop or on a same day call basis); or (iii) where applicable, the specified amenity or service is available via a no-charge delivery service to the Project Location:

·         20 points for grocery store (convenience store does not count); and

·         10 points for each of the following, up to a maximum of 80 points:

  • One or more public schools; 
  • Senior Center;
  • Bank;
  • Laundromat (only if washer/dryer not included in unit or onsite);
  • Medical services appropriate and available to all prospective tenants (e.g., hospital, doctor offices, etc.);
  • Pharmacy services appropriate and available to all prospective tenants;
  • Gas station and/or convenience store;
  • Post Office;
  • Public Park;
  • Shopping (department, clothing or essentials – does not include convenience store); or
  • Public Library.

Additionally, projectslocated within a community where unusual market conditions produce higher than normal labor and material costs and/or unusually high land cost are eligible for MBOH’s discretionary 130% Basis Boost.

Distressed Communities

Of 230 possible points for Project Characteristics, 10 points will be awarded if the Project is located in a Qualified Census Tract or involves existing housing as part of a local (not national, state or regional) community revitalization plan or similar plan. The Application must include any such local community revitalization plan and identify where in the plan such existing housing may be found.

Projects located in areas where rent and income limits which are too low to support the cash flows required by the Project’s financial structure are eligible for MBOH’s discretionary 130% Basis Boost.

 

Though not exclusive to developments located in distressed communities, up to 40 points are awarded for local community input:20 points will be awarded for any of the items (i) through (iv) (not to exceed total of 40 points) through which local community input regarding the proposed Project was gathered, as shown by evidence provided in the Application or in response to MBOH inquiries: (i) local neighborhood meetings held expressly for this Application with attendance rosters and minutes; (ii) local charrettes held expressly for this Application with supporting documents, concept drawings, and input from local community; (iii) other appropriate form of local community input specifically designed to gather local community input for this Application and/or (iv) City or County Commission meeting. In order to obtain the available points under item (iii), there must be actual local community input in some form. If a community meeting is held but there is no attendance, another form of local community input must be used. No points will be awarded if the meeting or charrette is part of another public or design meeting, unless the minutes demonstrate that a portion of the meeting was specifically dedicated to community input for this Application. No points will be awarded if the Application does not provide evidence of qualifying local community input, including minutes of any meeting, charrette or other form of local community input and copies of any written comments received. Documentation of community outreach efforts to inform and invite community members to attend any of the community input events must be included. All meetings, charrettes and other Local Community input events must be held within 6 months before the Application deadline.

 

Contributed By: 
National Housing Trust

Other Items of Interest