Low-Income Housing Tax Credits & Transit in Nevada, 2018

The 2018 Nevada Qualified Allocation Plan (QAP) offers incentives for projects located near public transportation.

Supportive Services

A maximum of six (6) points will be awarded based upon the number of supportive services provided to tenants. All supportive services must comply with all local, state and federal laws and regulations that include, but are not limited to licensing, permits, and certification, bonding and insurance requirements. The Applicant/Co-Applicant must document how the service will be provided and paid for in order to receive the points for a requested supportive service. The service must be available to all tenant families for the minimum times stated below and provided by the Applicant/Co-Applicant using project/organizational resources or through a signed contractual agreement. Signed agreements may be in draft form but must be executed and provided to the Division prior to the project placed in service. There will be no mandatory fees for the basic service. Any fee required will be at the discretion of the Division. Applicant/Co-Applicant must provide the service for the initial IRS 15-year compliance period and must not allow more than a 30-day gap in service provided. The Applicant/Co-Applicant must notify the Division within 7 days of the termination of service agreements/contracts. The project will be considered out of compliance if there is no new service contract executed by the time the development is audited. Special scoring points are awarded as described below:

RATING FACTORS POINTS

Transportation services – on-site van service with minimum two - day per week operating schedule – 2 points

Site Location – Up to five points will be awarded.

1) The site (or designated center of the site for scattered-site projects) is within ¼ mile of at least three of the following: grocery, pharmacy, bank, school, day care, parks, community centers, medical facilities, library, place of worship, post office (proximity to day care facilities is not applicable for Senior Housing projects) – 2 points

2) The site (or designated center of the site for scattered-site projects) is within ¼ mile of a designated pedestrian/bicycle path aside from sidewalks – 1 points

Clark and Washoe Counties:

3) The site is within ¼ mile of a local transit route or school bus stop (school bus stop is not applicable for Senior Housing projects).

OR

Other Counties The site is within 1/2 mile of a local transit route or school bus stop (school bus stop is not applicable for Senior Housing projects) – 1 point

4) Project is USDA funded

5) The project’s capacity to serve as a stimulus for other development in the vicinity or to provide a needed residential population that may support nearby local businesses in the area and thus promote a more vibrant neighborhood environment (must submit with the application a letter from the Director of the local jurisdiction’s Community Development Department or their equivalent, stating the above and their support) – 1 point

Contributed By: 
National Housing Trust

Other Items of Interest