Low Income Housing Tax Credits & Tax Exempt Bonds in Arizona 2016

Arizona's 2016 Qualified Allocation Plan offers guidelines and rules for applying for tax-exempt bonds. 

Projects applying for 4% tax credits with tax-exempt bond financing must pass all eligibility requirements and adhere to all general guidelines and regulations laid out in the QAP for 9% credits.

Tax-exempt bond financed Projects may receive Tax Credits in the full amount of their Eligible Basis only if at least fifty percent (50%) of the Project's “aggregate basis” of any building and land upon which the building is located is financed with tax-exempt bonds.

Gap financing is generally not available for Taxexempt Bond Projects.

Applicant should consult with ADOH to determine whether funds are available prior to submitting an Application.

Contributed By: 
National Housing Trust

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