Low Income Housing Tax Credits & Preservation, 2015

Colorado’s 2015 Qualified Allocation Plan identifies the acquisition and rehabilitation of existing affordable properties, including those with subsidized low income rental units facing conversion to market rate units, as a priority funding category. 

Preservation projects can receive 15 points under the competitive selection criteria. Preservation projects are defined as existing tax credit projects that are eligible for acquisition/rehabilitation credits that are retaining their current income targeting, or projects eligible for acquisition/rehabilitation credits that have federally subsidized rental assistance such as HUD Section 8, Rural Development Section 515, etc. 

Projects can receive up to 38 points for extended-used:

  • 15 years of compliance + 5 years of waiver – 10 points
  • 15 years of compliance + 10 years of waiver – 20 points
  • 15 years of compliance + 15 years of waiver – 30 points
  • 15 years of compliance + 20 years of waiver – 34 points
  • 15 years of compliance + 25 years of waiver – 38 points
Contributed By: 
National Housing Trust

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