Low Income Housing Tax Credits & Rural Housing in Indiana, 2018-2019

Indiana’s 2018-2019 QAP has a 10% set-aside for projects located in rural areas

Developments located in areas designated as "Rural,” are where the Development’s location meets one of the following criteria:

1. The Development is located within the corporate limits of a City or Town with a population of 14,999 or less; or

2. The Development is located in an unincorporated area of a county that does not contain a City or Town that meets the definition of Large City or Small City as set forth in the QAP; or

3. The Development is located in an unincorporated area of a county whereas;

i. The Development is outside the 2-mile jurisdiction of either a Large City or Small City as defined in the QAP; and

ii. The Development does not have access to public water or public sewer from either the Large City or Small City as defined in the QAP.

Off Site Improvement, Amenity and Facility Investment

  • 4 points will be awarded if an investment of resources is provided that will result in off-site infrastructure improvements within a ¼ mile of the project site(s), and/or the development of parks, green space and shared amenities, recreational facilities and improvements within a ¼ mile of the proposed project site(s) that will serve the tenant base for the subject project. The proposed improvements, amenities, and/or facilities must be completed prior to the proposed placed in service date for the project but no more than two years before the application submission date. The development cost and source of funding associated with the development of the improvements, amenities and/or facilities must be mutually exclusive of the development cost and sources of funding for the subject property. If the development cannot move forward without the improvement, the improvement will not qualify.
  • For the purposes of this scoring category, improvements must be outside the footprint of the building and outside the boundary of the development parcel to qualify.
  • For scattered site projects, each site must have improvements within a ¼ mile to qualify. Examples of improvements, amenities, and facility investment of resources include, but are not limited to, the following:
  • i. Reconstruction of existing roads and streetscapes,
  • ii. Reconstruction of vacant or blighted land with new infrastructure that promotes comprehensive revitalization such as new residential blocks and streets,
  • iii. Development of parks, green space or walking trails on a master plan development site,
  • iv. Development of community centers or similar facilities that promote cultural, educational, recreational, or supportive services for a community,
  • v. Construction of sidewalks or streetscape adjacent to the property,
  • vi. Construction of shopping or retail center adjacent to the property.

To qualify for points, the minimum cost for the improvement must meet or exceed the amount listed below based on the “Development Location” set-aside requirements defined in Section E.4 of the QAP:

Development Location Set-aside Minimum Cost for the Improvement

Large City $100,000

Small City $50,000

Rural $25,000

Required Documentation:

i. Conditional commitment of funds describing the improvements, including sources and uses and estimated timeline for completion.

ii. Map showing a ¼ mile radius and the location and description of improvements to the site. For scattered site properties, applicant must ensure that IHCDA can determine a ¼ mile radius from each site.

iii. A narrative, which includes how the investment will benefit the tenants.

iv. Any improvements within a public right of way must demonstrate approval from local jurisdiction.

 

A county experiencing population growth from migration (excluding births and deaths), based on data from 2010-2016 American Community Surveys, as listed below is eligible for 1 point.;

  • Allen
  • Bartholomew
  • Boone
  • Clark
  • Decatur
  • Floyd
  • Hamilton
  • Hancock
  • Harrison
  • Hendricks
  • Johnson
  • Monroe
  • Porter
  • Tippecanoe
  • Warrick

** A county is included in this list if it (1) experienced positive growth between 2010 and 2016 and (2) experienced positive growth between 2015 and 2016.

Contributed By: 
National Housing Trust

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