Low-Income Housing Tax Credits & Preservation in Louisiana, 2017

The 2017 Louisiana Qualified Allocation Plan (QAP) explicitly incentivizes preservation projects and projects involving communities in need of revitalization. The QAP includes specific thresholds for applicants, and sets aside credits for households below a certain income level.

Point Incentives

Louisiana’s 2017 QAP awards points to preservation projects and an extended affordability period.

  • Up to 10 points are awarded for Preservation Priority Projects, which are developments with Project Based Section 8 for a percentage of the units or federally funded (such as USDA, HUD, or PHA) rental subsidies for a percentage of the units
  • Up to 8 points are awarded to projects that plan the rehabilitation of an occupied non scattered site property.
  • Up to 10 points are awarded to projects that plan the rehabilitation of a scattered site property.

Extended-Use

Project will execute agreement in which Owner irrevocably waives its rights to a qualified contract until after the:

  • 25th year – 2 points
  • 30th year – 3 points
  • 35th year – 4 points

Distressed Communities

Louisiana’s 2017 QAP awards up to 6 points for projects that involve distressed properties, redevelopment properties.

Contributed By: 
National Housing Trust

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