State of Nevada


  NEVADA HOUSING DIVISION
"Serving Nevadans' Housing Needs For Over 25 Years"

Seal of Nevada
  

 

                        

LOW-INCOME HOUSING TAX CREDIT PROGRAM

2010

2nd Draft of 2010 QAP dated 12/7/09
Draft of 2010 QAP dated 10/26/09
                           
                      A public hearing will be held on December 1, 2009. 

In accordance with the Regulations, the Division has scheduled and will be conducting public hearings on the draft 2010 QAP as follows:
                   

                            December 1, 2009, 9:00 a.m. at the following locations:
        All public meeting locations will be  held concurrently via video conference. 

      Nevada Housing Division (1535 Old Hot Springs Rd, Suite 50, Carson City, NV 89706)      Nevada Housing Division (7220 Bermuda Road, Suite B Las Vegas, NV 89119)
      Univ. of Nevada, School of Medicine, Pennington Building, Room 250 (1664
North Virginia St. Reno, NV 89557) Washoe County
      Univ. of Nevada, School of Medicine, AHEC, Griswold Hall Room 31 (701 Walnut St. Elko, NV 89101)

2009
2009 Tax Credit Reservations-Revised-Posted February 11, 2010
TCAP Program Bulletin Sept. 30, 2009 -- Asset Management Fees

Please note: The amendment to the TCAP Criteria and those projects in receipt of TCAP funds will be subject to the info/fees contained therein.
NHD 2009 Tax Credit Reservations -- Revised September 17, 2009
NHD 2009 Tax Credit Reservations -- September 15, 2009
2009 Final QAP Application Scores

FINAL Section 1602 Procedures -- Oct. 1, 2009
Proposed Section 1602 Project Criteria and Program Procedures
Proposed Section 1602 Project Criteria and Program Procedures may be updated from time to time and interested parties are encouraged to check the website frequently for updated versions.  Updated versions will have an updated watermark for ease of identification.
Public Information Session on Proposed Section 1602 Project Criteria and Program Procedures (Note:  In addition to the Carson City and Las Vegas locations, a third video conference location will be made available for participants in Elko at the Great Basin College, High Tech Center, Room 137)
2009 Tax Credit Application Preliminary Scores Issued Aug. 4, 2009

  Note:  Scores are subject to change and do not guarantee a reservation of tax credits.  Final scores will be posted in the near future.  Please contact Hilary Lopez at hlopez@nvhousing.state.nv.us with any questions.
2009 NHD Selects TCAP Asset Manager
2009 Tax Credit Applications Received

2009 TCAP Applications Received

2009 QAP Allows for Increases in Per Project and Sponsor Cap

TCAP Final Rating and Ranking Criteria
TCAP Final RFP for Multi Family Construction and Asset Management
Tax Credit Assistance Program (TCAP) Informational Meeting

Notice:  The TCAP Information Meeting will also be broadcast at Great Basin College's High Tech Center, Room 137.  The following link displays the campus showing the location of the High Tech Center Building.  http://www.gbcnv.edu/maps/
TCAP (Application Submission and Project Rating and Ranking Criteria)

NHD Announces QAP Application Extension to 7/10/09
Memo Regarding Changes to 270-Day Deadline

2009 LIHTC Allocation Estimate
2009 Low-Income Housing Tax Credit APPLICATION
(Fillable Form)
2009 QAP Project Cost/Uses Worksheet.  (Please use in lieu of the cost/uses section of the 2009 QAP Application.)
BULLETIN: 2009 Tax Credit Pricing for Affordable Housing Developers
Final 2009 Low Income Housing Tax Credit Qualified Application Plan (QAP)
Further Guidance for Requests for Additional Tax Credits -- Elimination of 10% Cap
Process for Requesting a Forward Commitment of Additional Tax CreditsNevada 2008 LIHTC Reservations
FINAL DRAFT QAP -- September   23, 2008

(Second Staff Memo) Staff Proposed Changes to First Draft 2009
Qualified Allocation Plan (QAP) for Discussion at the September 17 & 18, 2008 Public Hearing (dated 09/12/08)
(First Staff Memo) Staff memo Overview of Significant Proposed Changes to the First Draft 2009 QAP (dated 08/15/08)
2009 QAP First Draft 2009
2009 QAP Draft with red linesNotice of Public Hearing
 

2008
Final 2008 Nevada Low-Income Housing Tax Credit Reservations

Updated 2008 QAP Preliminary Scores
Preliminary 2008 Low Income Housing Tax Credit Application Scores
2008 Low-Income Housing Tax Credit State-Wide Applications Received
2008 Nevada Low-Income Housing Tax Credit Allocating Authority

2008 Tax Credit Letter from the Administrator
FINAL 2008 Low-Income Housing Tax Credit QAP
FINAL 2008 Tax Credit Application
2008 Tax Credit QAP Second Draft
Memo regarding Housing Advisory Committee Agenda for     the February 5, 2008 Tax Credit QAP Second Draft Hearing

Notice of Public Hearing Nevada's 2008 Qualified Allocation Plan
2008 Qualified Allocation Plan 1st Draft for Low Income Housing Tax Credits

The Tax Credit Program is a federally regulated state administered program designed to help eliminate the funding gap in the creation of low- and very low-income housing projects.  Federal Tax Credits, awarded on a competitive basis, provide equity financing for affordable housing projects.

The Housing Division develops an annual Tax Credit Allocation Plan pursuant to Section 42 of the Internal Revenue Code.

The Low-Income Housing Tax Credit Program creates economic incentives to for-profit or non-profit developers to produce low-income housing. Approximately $3.0 million in tax credit is available annually in Nevada. Tax credits can be used to cover the cost of construction or rehabilitation of rental units. Projects in these categories may be eligible for up to 9% in tax credit.

Most multi-family apartment projects which need $5+ million in financing elect to finance with federal tax exempt private activity bond. See Multi-Family Financing. Projects utilizing private activity bonds may also be entitled to a 4% (approximate) tax credit on certain projects. These tax credits are allocated outside the state's ceiling cap and do not effect the annual allocation.

2007
2007 Final Scores Reservations
2007 Final Application Scores Without Funding

2007 Tax Credit Preliminary Scoring

2007 Tax Credit Statewide Applications Received
2007 Tax Credit Application

Final Draft Qualified Allocation Plan

NOTICE:
Developers/Interested Parties Regarding 2007 Tax Credit Applications!
Due to a pending legal issue, the Division will NOT grant waivers, regarding amenities, green building design and/or supportive services (Sections 19, 24, & 34) from what is detailed in the 2007 State of Nevada Low-Income Housing Tax Credit Qualified Allocation Plan (QAP).

 
2007 LIHTC Allocation Estimate

2006
2006 Tax Credit Reservations/Applications Received
2006 Low-Income Housing Tax Credit Application Scores
FINAL 2006 Qualified Allocation Plan
2006 LIHTC Application
2006 LIHTC Set-Aside and Allocation Estimate

2005
2005 Tax Credits Applications/Reservations
2005 Tax Credit Allocating Authority

2005 Tax Credit Applications

2005 Self Scoring Work Sheet/ QAP Application
          

2005 QAP (final edition) 
(pdf format)

2004
Low Income Housing Tax Credit 2004 Reservations

LIHTC Tax Credit Applications Received for 2004 and Scores

Draft Final QAP 2004 QAP
 
 (Correction/Clarification to 2004 QAP)
2004 Tax Credit Allocation Authority

2004 Tax Credit Allocation Application Self-Scoring Worksheet (this sheet  MUST ACCOMPANY the Tax Credit Allocation Application)

2003
2003 Tax Credit Reservations/Applications
(updated 7/29/03)
2003 Allocating Authority
2003 HUD 221 (d-3) Per Unit Limits


Syndicator/Investor Information

developer.htm

Sec. 221 d3 Per Unit Limits Effective 6/14/2006
 
(Note:This information will be updated when more current information is released.)
 

LIHTC Monitoring and Compliance

For further information or questions, please contact:

Carson City Office
Hilary F. Lopez
Chief of Federal Programs

hlopez@nvhousing.state.nv.us


Las Vegas Office
Mark Licea

mlicea@nvhousing.state.nv.us

 

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Last Updated: 09/28/11 03:25:25 PM