Low Income Housing Tax Credits & Rural Housing in Tennessee, 2014

Tennessee’s 2014 Qualified Allocation Plan lists the development of affordable housing units for the elderly as one of its ten goals and objectives.

The QAP sets aside up to 10% of unused and returned credits for developments serving households with special needs.  The QAP defines special needs housing as Special needs housing has been constructed or rehabilitated with special features (e.g. location, design, layout, on-site services) to help people live at the highest level of independence in the community. For example, the unit may be adapted to accommodate special physical or medical needs; or provide on-site services such as staff support for the elderly, individuals with mental health issues, developmental, or other social needs.

For proposed developments utilizing other state or federal financing (e.g.HUD, USDA), the definition of elderly shall be consistent with the requirements of such other state or federal financing; or for all other proposed developments, the definition of elderly shall be a household whose head or head’s spouse or sole member is a person who is at least 62 years of age. For elderly housing proposals, developments must have 100% elderly occupation.

Contributed By: 
National Housing Trust

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