Low Income Housing Tax Credits & Rural Housing in Wyoming, 2016

Wyoming's 2016 Qualified Allocation Plan (QAP) includes a set-aside for small projects in rural areas.

$2,000,000 is set aside for small rural projects. In order to qualify for the Small Rural Project Set-aside the following criteria applies:

  • The project must be in a small community with a population under 12,000 and no communities with a population over 12,000 are within 20 miles of the project.
  • The project must have 24 or fewer units
  • The project must not be done in conjunction with a separate project in the same locale.

Due to the fact that Market Rents are typically lower than Tax Credit Rents in Rural areas, projects may have a 10% variance in Income and Rent levels when qualifying for the Small Rural Project Set-aside.

Contributed By: 
National Housing Trust

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