Low Income Housing Tax Credits & Tax Exempt Bonds in Alaska, 2014

To apply for 4% Low Income Housing Tax Credits, projects must meet the minimum threshold requirements and points criteria under the 2014 Qualified Allocation Plan.

In Alaska, applicants may apply for LIHTCs that are obtained automatically with the use of tax-exempt bond financing on a project. To be eligible for these “non-competitive” credits, more than 50% of the project costs must be financed with bonds that are exempt from taxes under the IRS Code (tax-exempt bond issue). Additionally, the project must be considered eligible for LIHTCs under Alaska’s 2014 QAP (Rating and Award Criteria), including the minimum threshold requirements and points criteria. All requirements of the competitive tax credit program pertain to the non-competitive program, including all application, processing and monitoring fees and requirements regarding feasibility and viability.  

Contributed By: 
National Housing Trust

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